MAI Capital Management Raises Stock Holdings in BHP Group Limited Sponsored ADR $BHP

MAI Capital Management raised its stake in BHP Group Limited Sponsored ADR (NYSE:BHP) by 25.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 6,091 shares of the mining company’s stock after purchasing an additional 1,224 shares during the period. MAI Capital Management’s holdings in BHP Group were worth $293,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its holdings in shares of BHP Group by 43.0% during the first quarter. Goldman Sachs Group Inc. now owns 4,951,258 shares of the mining company’s stock valued at $240,334,000 after purchasing an additional 1,490,012 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in BHP Group during the 2nd quarter valued at approximately $68,953,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in BHP Group by 3,599.1% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 260,935 shares of the mining company’s stock worth $12,666,000 after buying an additional 253,881 shares during the last quarter. Townsend & Associates Inc increased its position in BHP Group by 66.6% in the second quarter. Townsend & Associates Inc now owns 600,575 shares of the mining company’s stock worth $31,921,000 after buying an additional 240,075 shares during the period. Finally, Citigroup Inc. lifted its stake in BHP Group by 94.9% in the first quarter. Citigroup Inc. now owns 422,239 shares of the mining company’s stock valued at $20,495,000 after buying an additional 205,591 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors.

BHP Group Price Performance

Shares of NYSE BHP opened at $54.82 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.46 and a debt-to-equity ratio of 0.43. BHP Group Limited Sponsored ADR has a 12 month low of $39.73 and a 12 month high of $58.92. The business has a fifty day simple moving average of $55.22 and a 200-day simple moving average of $52.83.

Wall Street Analyst Weigh In

BHP has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a report on Wednesday, October 8th. Citigroup restated a “neutral” rating on shares of BHP Group in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $48.50.

BHP Group Profile

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.