Ritholtz Wealth Management Sells 33,803 Shares of BHP Group Limited Sponsored ADR (NYSE:BHP)

Ritholtz Wealth Management decreased its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 49.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,527 shares of the mining company's stock after selling 33,803 shares during the period. Ritholtz Wealth Management's holdings in BHP Group were worth $1,676,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC raised its stake in BHP Group by 1.4% during the 4th quarter. Sterling Capital Management LLC now owns 13,856 shares of the mining company's stock valued at $677,000 after purchasing an additional 195 shares during the period. Invesco Ltd. grew its holdings in BHP Group by 1.8% during the fourth quarter. Invesco Ltd. now owns 11,150 shares of the mining company's stock valued at $544,000 after purchasing an additional 198 shares during the last quarter. Kovack Advisors Inc. boosted its holdings in BHP Group by 5.2% during the fourth quarter. Kovack Advisors Inc. now owns 4,353 shares of the mining company's stock valued at $213,000 after acquiring an additional 215 shares during the period. Wedmont Private Capital raised its position in shares of BHP Group by 4.2% during the first quarter. Wedmont Private Capital now owns 6,788 shares of the mining company's stock valued at $307,000 after buying an additional 276 shares during the last quarter. Finally, Gleason Group Inc. raised its stake in shares of BHP Group by 2.0% in the first quarter. Gleason Group Inc. now owns 14,435 shares of the mining company's stock valued at $701,000 after purchasing an additional 280 shares in the last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on BHP shares. Sanford C. Bernstein cut shares of BHP Group from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. Clarkson Capital raised BHP Group to a "strong-buy" rating in a research report on Friday, February 28th. Finally, Argus lowered BHP Group from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, BHP Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $53.00.

BHP Group Stock Performance

Shares of NYSE:BHP traded down $1.55 during mid-day trading on Friday, reaching $46.07. The company had a trading volume of 4,422,844 shares, compared to its average volume of 2,849,172. The firm has a market cap of $116.82 billion, a price-to-earnings ratio of 10.47 and a beta of 0.82. BHP Group Limited Sponsored ADR has a one year low of $39.73 and a one year high of $63.21. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. The company's 50-day moving average price is $48.74 and its 200-day moving average price is $49.19.

About BHP Group

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.