Sei Investments Co. Decreases Stock Holdings in BHP Group Limited Sponsored ADR $BHP

Key Points

• Sei Investments Co. reduced its stake in BHP Group by 13.5%, selling 8,016 shares during the first quarter, resulting in holdings of 51,210 shares valued at approximately $2.49 million.
• Several institutional investors, including Invesco and NBT Bank, increased their stakes in BHP Group, indicating ongoing interest in the stock.
• Research analysts have downgraded BHP Group's ratings, with the consensus now at "Hold" and an average price target of $48.50, reflecting caution about the stock's performance.

Sei Investments Co. decreased its position in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 13.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 51,210 shares of the mining company's stock after selling 8,016 shares during the period. Sei Investments Co.'s holdings in BHP Group were worth $2,486,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in BHP. Northern Trust Corp boosted its holdings in BHP Group by 58.5% in the fourth quarter. Northern Trust Corp now owns 2,294,562 shares of the mining company's stock valued at $112,043,000 after acquiring an additional 846,963 shares in the last quarter. Balyasny Asset Management L.P. boosted its holdings in BHP Group by 1,898.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 707,405 shares of the mining company's stock valued at $34,543,000 after acquiring an additional 672,016 shares in the last quarter. Raymond James Financial Inc. bought a new stake in BHP Group in the fourth quarter valued at $25,878,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in BHP Group by 3,599.1% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 260,935 shares of the mining company's stock valued at $12,666,000 after acquiring an additional 253,881 shares in the last quarter. Finally, Citigroup Inc. boosted its holdings in BHP Group by 94.9% in the first quarter. Citigroup Inc. now owns 422,239 shares of the mining company's stock valued at $20,495,000 after acquiring an additional 205,591 shares in the last quarter. Institutional investors own 3.79% of the company's stock.

BHP Group Stock Up 0.7%

Shares of BHP traded up $0.3830 during trading hours on Tuesday, hitting $53.8130. The company had a trading volume of 4,349,754 shares, compared to its average volume of 2,990,070. The firm has a fifty day moving average price of $50.87 and a 200-day moving average price of $49.53. 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 stock has a market capitalization of $136.46 billion, a price-to-earnings ratio of 12.23 and a beta of 0.80. BHP Group Limited Sponsored ADR has a 52-week low of $39.73 and a 52-week high of $63.21.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BHP. Sanford C. Bernstein cut shares of BHP Group from an "outperform" rating to a "market perform" rating in a report on Monday, May 19th. Berenberg Bank restated a "sell" rating and set a $44.00 target price on shares of BHP Group in a report on Thursday, July 24th. BMO Capital Markets cut shares of BHP Group from an "outperform" rating to a "market perform" rating in a report on Sunday, July 27th. Argus cut shares of BHP Group from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Finally, Macquarie cut shares of BHP Group from an "outperform" rating to a "neutral" rating in a report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $48.50.

BHP Group Profile

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.