Northwestern Mutual Wealth Management Co. Increases Stock Holdings in BHP Group Limited Sponsored ADR $BHP

Northwestern Mutual Wealth Management Co. raised its stake in BHP Group Limited Sponsored ADR (NYSE:BHPFree Report) by 778.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 290,301 shares of the mining company’s stock after purchasing an additional 257,261 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in BHP Group were worth $18,511,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of BHP. AQR Capital Management LLC grew its stake in shares of BHP Group by 230.0% in the 1st quarter. AQR Capital Management LLC now owns 31,852 shares of the mining company’s stock valued at $1,546,000 after purchasing an additional 22,201 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of BHP Group by 20.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,594 shares of the mining company’s stock valued at $660,000 after buying an additional 2,331 shares in the last quarter. Invesco Ltd. boosted its stake in shares of BHP Group by 99.6% in the second quarter. Invesco Ltd. now owns 12,506 shares of the mining company’s stock valued at $601,000 after buying an additional 6,241 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of BHP Group by 173.7% in the second quarter. EverSource Wealth Advisors LLC now owns 3,774 shares of the mining company’s stock valued at $182,000 after buying an additional 2,395 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its stake in shares of BHP Group by 13.0% in the second quarter. Guggenheim Capital LLC now owns 16,692 shares of the mining company’s stock valued at $803,000 after buying an additional 1,917 shares in the last quarter. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Stock Down 2.6%

BHP opened at $81.87 on Wednesday. The business’s fifty day moving average is $76.61 and its two-hundred day moving average is $68.51. 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 one year low of $45.74 and a one year high of $91.45.

Wall Street Analyst Weigh In

BHP has been the topic of a number of analyst reports. Citigroup restated a “neutral” rating on shares of BHP Group in a research note on Monday, April 13th. Argus set a $95.00 price target on BHP Group in a research note on Monday, April 27th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of BHP Group in a research note on Friday. Weiss Ratings restated a “hold (c)” rating on shares of BHP Group in a research note on Monday, April 20th. Finally, Sanford C. Bernstein decreased their target price on BHP Group from $49.50 to $48.00 and set a “market perform” rating on the stock in a research report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $62.33.

Read Our Latest Stock Report on BHP Group

BHP Group 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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