Artemis Investment Management LLP Acquires New Position in BHP Group Limited Sponsored ADR (NYSE:BHP)

Artemis Investment Management LLP acquired a new stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 179,927 shares of the mining company’s stock, valued at approximately $8,734,000.

Other institutional investors also recently bought and sold shares of the company. Sowell Financial Services LLC purchased a new stake in BHP Group during the 1st quarter valued at about $280,000. Deutsche Bank AG grew its position in BHP Group by 160.0% during the 4th quarter. Deutsche Bank AG now owns 1,950 shares of the mining company’s stock valued at $95,000 after purchasing an additional 1,200 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in BHP Group by 15.8% during 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 grew its position in BHP Group by 3.4% during 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 during the last quarter. Finally, GAMMA Investing LLC grew its position in BHP Group by 8,705.8% during the 1st quarter. GAMMA Investing LLC now owns 140,717 shares of the mining company’s stock valued at $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.

BHP Group Price Performance

BHP opened at $48.67 on Friday. 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 $123.40 billion, a P/E ratio of 11.06 and a beta of 0.82. The company’s 50-day simple moving average is $48.88 and its two-hundred day simple moving average is $48.96. BHP Group Limited Sponsored ADR has a 52-week low of $39.73 and a 52-week high of $63.21.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports 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 upgraded shares of BHP Group to a “strong-buy” rating in a research note on Friday, February 28th. Finally, Argus cut shares of BHP Group from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $53.00.

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.