Royal Bank of Canada lowered its position in shares of BHP Group Limited (NYSE:BHP - Free Report) by 5.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,118,221 shares of the mining company's stock after selling 58,379 shares during the period. Royal Bank of Canada's holdings in BHP Group were worth $54,604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Sierra Ocean LLC acquired a new stake in BHP Group in the 4th quarter valued at approximately $29,000. Union Bancaire Privee UBP SA acquired a new stake in BHP Group in the 4th quarter valued at approximately $46,000. Allianz SE acquired a new stake in BHP Group in the 4th quarter valued at approximately $51,000. Headlands Technologies LLC acquired a new stake in BHP Group in the 4th quarter valued at approximately $53,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in BHP Group in the 4th quarter valued at approximately $54,000. Institutional investors and hedge funds own 3.79% of the company's stock.
BHP Group Stock Performance
NYSE BHP traded down $0.24 during trading on Tuesday, reaching $49.65. The company's stock had a trading volume of 822,663 shares, compared to its average volume of 2,540,467. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. The firm has a market cap of $125.90 billion, a price-to-earnings ratio of 11.30 and a beta of 0.86. BHP Group Limited has a twelve month low of $39.73 and a twelve month high of $63.21. The business's fifty day moving average price is $47.72 and its 200-day moving average price is $49.54.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Sanford C. Bernstein cut shares of BHP Group from an "outperform" rating to a "market perform" rating in a research report on Monday, May 19th. Clarkson Capital raised shares of BHP Group to a "strong-buy" rating in a research report on Friday, February 28th. Finally, Wall Street Zen cut shares of BHP Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $53.00.
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About BHP Group
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Free Report)
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.
Further Reading
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