Y Intercept Hong Kong Ltd Acquires 231,845 Shares of BHP Group Limited Sponsored ADR $BHP

Y Intercept Hong Kong Ltd lifted its holdings in BHP Group Limited Sponsored ADR (NYSE:BHP) by 247.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 325,416 shares of the mining company’s stock after purchasing an additional 231,845 shares during the quarter. BHP Group accounts for approximately 0.4% of Y Intercept Hong Kong Ltd’s investment portfolio, making the stock its 18th biggest holding. Y Intercept Hong Kong Ltd’s holdings in BHP Group were worth $19,645,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Fisher Asset Management LLC lifted its position in shares of BHP Group by 1.1% in the fourth quarter. Fisher Asset Management LLC now owns 23,402,474 shares of the mining company’s stock worth $1,412,807,000 after purchasing an additional 252,825 shares in the last quarter. Bank of America Corp DE lifted its position in shares of BHP Group by 25.2% in the third quarter. Bank of America Corp DE now owns 3,465,421 shares of the mining company’s stock worth $193,197,000 after purchasing an additional 697,316 shares in the last quarter. Northern Trust Corp lifted its position in shares of BHP Group by 5.3% in the third quarter. Northern Trust Corp now owns 2,443,560 shares of the mining company’s stock worth $136,228,000 after purchasing an additional 123,382 shares in the last quarter. SIH Partners LLLP lifted its position in shares of BHP Group by 937.5% in the third quarter. SIH Partners LLLP now owns 1,856,704 shares of the mining company’s stock worth $103,511,000 after purchasing an additional 1,677,739 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in shares of BHP Group by 264.4% in the fourth quarter. Bank of Montreal Can now owns 1,358,585 shares of the mining company’s stock worth $82,018,000 after purchasing an additional 985,794 shares in the last quarter. Institutional investors own 3.79% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on BHP shares. Argus set a $95.00 price objective on shares of BHP Group in a research report on Monday, April 27th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of BHP Group in a research report on Friday, May 15th. Berenberg Bank raised shares of BHP Group from a “sell” rating to a “hold” rating in a research report on Thursday, April 2nd. DZ Bank upgraded shares of BHP Group from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Finally, The Goldman Sachs Group upgraded shares of BHP Group from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, BHP Group presently has an average rating of “Hold” and a consensus price target of $62.33.

BHP Group Stock Performance

Shares of BHP stock opened at $90.90 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.44. The company has a 50-day simple moving average of $82.72 and a 200 day simple moving average of $72.43. BHP Group Limited Sponsored ADR has a 52 week low of $45.74 and a 52 week high of $93.70.

About BHP Group

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.