R Squared Ltd Reduces Stock Position in BHP Group Limited Sponsored ADR $BHP

R Squared Ltd cut its holdings in BHP Group Limited Sponsored ADR (NYSE:BHPFree Report) by 73.2% during the first quarter, Holdings Channel reports. The institutional investor owned 2,932 shares of the mining company’s stock after selling 8,025 shares during the period. R Squared Ltd’s holdings in BHP Group were worth $213,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of BHP. Morgan Stanley raised its holdings in BHP Group by 22.8% during the fourth quarter. Morgan Stanley now owns 13,800,183 shares of the mining company’s stock worth $833,117,000 after purchasing an additional 2,562,747 shares in the last quarter. SIH Partners LLLP lifted its position in shares of BHP Group by 937.5% during the 3rd quarter. SIH Partners LLLP now owns 1,856,704 shares of the mining company’s stock worth $103,511,000 after buying an additional 1,677,739 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of BHP Group by 264.4% in the 4th quarter. Bank of Montreal Can now owns 1,358,585 shares of the mining company’s stock valued at $82,018,000 after buying an additional 985,794 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of BHP Group by 25.2% in the 3rd quarter. Bank of America Corp DE now owns 3,465,421 shares of the mining company’s stock valued at $193,197,000 after buying an additional 697,316 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of BHP Group in the 3rd quarter valued at $27,234,000. 3.79% of the stock is owned by hedge funds and other institutional investors.

BHP Group Stock Performance

BHP stock opened at $78.42 on Thursday. The company has a fifty day moving average price of $85.15 and a 200 day moving average price of $75.94. BHP Group Limited Sponsored ADR has a 12 month low of $49.30 and a 12 month high of $93.83. The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.44.

Analysts Set New Price Targets

Several equities research analysts recently commented on BHP shares. 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. Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a report on Monday, June 8th. DZ Bank upgraded BHP Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Argus set a $95.00 target price on BHP Group in a report on Monday, April 27th. Finally, Wall Street Zen raised BHP Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.50.

Read Our Latest Report on BHP Group

BHP Group Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for BHP Group (NYSE:BHP)

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