SG Americas Securities LLC Acquires 7,934 Shares of BHP Group Limited Sponsored ADR $BHP

SG Americas Securities LLC raised its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 43.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,384 shares of the mining company’s stock after purchasing an additional 7,934 shares during the period. SG Americas Securities LLC’s holdings in BHP Group were worth $1,471,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Caldwell Trust Co acquired a new stake in shares of BHP Group in the second quarter valued at about $31,000. Hilltop National Bank bought a new stake in BHP Group in the second quarter valued at approximately $32,000. Salomon & Ludwin LLC increased its position in BHP Group by 3,040.9% during the 3rd quarter. Salomon & Ludwin LLC now owns 691 shares of the mining company’s stock valued at $38,000 after purchasing an additional 669 shares during the period. NewSquare Capital LLC increased its position in BHP Group by 249.8% during the 2nd quarter. NewSquare Capital LLC now owns 871 shares of the mining company’s stock valued at $42,000 after purchasing an additional 622 shares during the period. Finally, True Wealth Design LLC raised its holdings in BHP Group by 229.7% during the 3rd quarter. True Wealth Design LLC now owns 755 shares of the mining company’s stock worth $42,000 after purchasing an additional 526 shares during the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Stock Down 1.7%

BHP opened at $64.91 on Friday. The company has a fifty day moving average price of $58.95 and a two-hundred day moving average price of $55.73. BHP Group Limited Sponsored ADR has a 1-year low of $39.73 and a 1-year high of $66.51. The company has a quick ratio of 1.11, a current ratio of 1.46 and a debt-to-equity ratio of 0.43.

Wall Street Analyst Weigh In

BHP has been the topic of a number of analyst reports. Argus raised shares of BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Tuesday, December 30th. Weiss Ratings restated a “hold (c)” rating on shares of BHP Group in a report on Wednesday, October 8th. Finally, Zacks Research upgraded BHP Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 9th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $56.00.

BHP Group Profile

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.