Truist Financial Corp decreased its holdings in shares of BHP Group Limited Sponsored ADR (NYSE:BHP – Free Report) by 49.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 15,181 shares of the mining company’s stock after selling 15,100 shares during the period. Truist Financial Corp’s holdings in BHP Group were worth $916,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in BHP. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of BHP Group by 24.4% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 113,979 shares of the mining company’s stock valued at $6,356,000 after buying an additional 22,388 shares in the last quarter. Paradigm Asset Management Co. LLC bought a new stake in shares of BHP Group in the 3rd quarter valued at about $1,345,000. Fisher Asset Management LLC boosted its holdings in shares of BHP Group by 1.3% in the 3rd quarter. Fisher Asset Management LLC now owns 23,149,649 shares of the mining company’s stock valued at $1,290,593,000 after buying an additional 307,397 shares in the last quarter. Abbington Investment Group boosted its holdings in shares of BHP Group by 45.6% in the 4th quarter. Abbington Investment Group now owns 69,288 shares of the mining company’s stock valued at $4,183,000 after buying an additional 21,700 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of BHP Group by 1,769.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 464,133 shares of the mining company’s stock valued at $25,875,000 after buying an additional 439,304 shares in the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.
BHP Group Price Performance
Shares of NYSE BHP opened at $84.40 on Friday. The firm has a 50-day simple moving average of $76.24 and a 200-day simple moving average of $68.07. The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.44. BHP Group Limited Sponsored ADR has a 52 week low of $45.74 and a 52 week high of $91.45.
BHP Group Announces Dividend
Analyst Ratings Changes
A number of research firms recently commented on BHP. Berenberg Bank upgraded shares of BHP Group from a “sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Weiss Ratings restated a “hold (c)” rating on shares of BHP Group in a research note on Monday, April 20th. Zacks Research cut shares of BHP Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 20th. The Goldman Sachs Group upgraded shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Finally, Citigroup reiterated a “neutral” rating on shares of BHP Group in a research note on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $62.33.
View Our Latest Stock Analysis on BHP
BHP Group Company 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.
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