BHP Group Limited Sponsored ADR $BHP Shares Purchased by MQS Management LLC

MQS Management LLC lifted its holdings in BHP Group Limited Sponsored ADR (NYSE:BHP) by 133.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,312 shares of the mining company’s stock after purchasing an additional 15,051 shares during the period. BHP Group makes up 0.9% of MQS Management LLC’s holdings, making the stock its biggest holding. MQS Management LLC’s holdings in BHP Group were worth $1,588,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. AQR Capital Management LLC lifted its stake in BHP Group by 230.0% in the first quarter. AQR Capital Management LLC now owns 31,852 shares of the mining company’s stock worth $1,546,000 after acquiring an additional 22,201 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in 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 worth $660,000 after acquiring an additional 2,331 shares during the last quarter. Invesco Ltd. lifted its stake in BHP Group by 99.6% in the second quarter. Invesco Ltd. now owns 12,506 shares of the mining company’s stock worth $601,000 after acquiring an additional 6,241 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in BHP Group by 173.7% in the second quarter. EverSource Wealth Advisors LLC now owns 3,774 shares of the mining company’s stock worth $182,000 after acquiring an additional 2,395 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its stake in BHP Group by 13.0% in the second quarter. Guggenheim Capital LLC now owns 16,692 shares of the mining company’s stock worth $803,000 after acquiring an additional 1,917 shares during the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BHP. Citigroup reiterated a “neutral” rating on shares of BHP Group in a research note on Monday, April 13th. Berenberg Bank upgraded shares of BHP Group from a “sell” rating to a “hold” rating in a research note on Thursday, April 2nd. 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. Bank of America downgraded shares of BHP Group from a “buy” rating to a “neutral” rating in a research note on Friday. Finally, Sanford C. Bernstein decreased their price target on shares of BHP Group from $49.50 to $48.00 and set a “market perform” rating for the company in a research note on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $62.33.

BHP Group Trading Down 0.4%

Shares of NYSE:BHP opened at $84.63 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.65. BHP Group Limited Sponsored ADR has a twelve month low of $45.74 and a twelve month high of $91.45. The firm has a 50 day simple moving average of $77.28 and a 200-day simple moving average of $69.01.

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.