Ritholtz Wealth Management Acquires 15,393 Shares of BHP Group Limited Sponsored ADR $BHP

Ritholtz Wealth Management increased its holdings in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 66.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,473 shares of the mining company’s stock after acquiring an additional 15,393 shares during the quarter. Ritholtz Wealth Management’s holdings in BHP Group were worth $2,145,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Touchstone Capital Inc. purchased a new stake in shares of BHP Group during the 3rd quarter valued at $334,000. Exencial Wealth Advisors LLC bought a new position in BHP Group during the third quarter valued at about $216,000. First Horizon Corp purchased a new stake in BHP Group during the third quarter worth about $169,000. Vicus Capital raised its position in BHP Group by 0.5% in the third quarter. Vicus Capital now owns 228,755 shares of the mining company’s stock worth $12,753,000 after acquiring an additional 1,130 shares during the period. Finally, MGO One Seven LLC boosted its stake in BHP Group by 64.9% in the third quarter. MGO One Seven LLC now owns 8,097 shares of the mining company’s stock valued at $451,000 after acquiring an additional 3,186 shares during the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Wall Street Analysts Forecast Growth

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

BHP Group Price Performance

BHP opened at $64.91 on Friday. BHP Group Limited Sponsored ADR has a one year low of $39.73 and a one year high of $66.51. The company has a fifty day moving average price of $58.95 and a 200-day moving average price of $55.78. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 1.46.

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.