Sowell Financial Services LLC Invests $280,000 in BHP Group Limited Sponsored ADR (NYSE:BHP)

Sowell Financial Services LLC purchased a new stake in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,778 shares of the mining company's stock, valued at approximately $280,000.

A number of other hedge funds have also modified their holdings of the business. Deutsche Bank AG increased its position in BHP Group by 160.0% during the fourth quarter. Deutsche Bank AG now owns 1,950 shares of the mining company's stock worth $95,000 after buying an additional 1,200 shares in the last quarter. Principal Securities Inc. increased its position in BHP Group by 15.4% during the 4th quarter. Principal Securities Inc. now owns 7,809 shares of the mining company's stock worth $381,000 after purchasing an additional 1,043 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in BHP Group by 15.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,382 shares of the mining company's stock valued at $702,000 after purchasing an additional 1,959 shares during the last quarter. Rhumbline Advisers lifted its holdings in BHP Group by 3.4% in the 4th quarter. Rhumbline Advisers now owns 18,846 shares of the mining company's stock valued at $920,000 after purchasing an additional 628 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of BHP Group by 8,705.8% during the 1st quarter. GAMMA Investing LLC now owns 140,717 shares of the mining company's stock worth $6,830,000 after purchasing an additional 139,119 shares during the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BHP has been the subject of several recent analyst reports. 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. Argus downgraded BHP Group from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Finally, Clarkson Capital upgraded BHP Group to a "strong-buy" rating in a research report on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $53.00.

BHP Group Trading Down 1.1%

NYSE:BHP traded down $0.54 during trading hours on Wednesday, reaching $46.75. 2,407,802 shares of the company were exchanged, compared to its average volume of 2,590,029. BHP Group Limited Sponsored ADR has a 52-week low of $39.73 and a 52-week high of $63.21. The firm has a market cap of $118.55 billion, a price-to-earnings ratio of 10.63 and a beta of 0.82. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25. The stock has a 50 day simple moving average of $48.78 and a 200 day simple moving average of $49.05.

BHP Group Company 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.