BHP Group Limited Sponsored ADR $BHP Shares Bought by NewEdge Wealth LLC

NewEdge Wealth LLC lifted its position in BHP Group Limited Sponsored ADR (NYSE:BHP) by 27.4% during the first quarter, Holdings Channel reports. The institutional investor owned 123,640 shares of the mining company’s stock after buying an additional 26,558 shares during the quarter. NewEdge Wealth LLC’s holdings in BHP Group were worth $8,994,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Fisher Asset Management LLC boosted its stake in BHP Group by 1.1% during the fourth quarter. Fisher Asset Management LLC now owns 23,402,474 shares of the mining company’s stock valued at $1,412,807,000 after buying an additional 252,825 shares in the last quarter. Morgan Stanley raised its position in BHP Group by 22.8% in the fourth quarter. Morgan Stanley now owns 13,800,183 shares of the mining company’s stock worth $833,117,000 after acquiring an additional 2,562,747 shares in the last quarter. Bank of America Corp DE lifted its holdings in 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 acquiring an additional 697,316 shares during the last quarter. Northern Trust Corp lifted its holdings in BHP Group by 5.3% in the 3rd quarter. Northern Trust Corp now owns 2,443,560 shares of the mining company’s stock valued at $136,228,000 after acquiring an additional 123,382 shares during the last quarter. Finally, SIH Partners LLLP lifted its holdings in BHP Group by 937.5% in the 3rd quarter. SIH Partners LLLP now owns 1,856,704 shares of the mining company’s stock valued at $103,511,000 after acquiring an additional 1,677,739 shares during the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Trading Down 1.2%

NYSE:BHP opened at $83.56 on Friday. 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 1-year low of $49.68 and a 1-year high of $93.83. The stock has a fifty day simple moving average of $84.85 and a 200 day simple moving average of $77.62.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BHP shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of BHP Group in a research note on Thursday, July 2nd. Berenberg Bank raised 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 report on Friday, April 17th. Zacks Research upgraded shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a report on Friday, July 17th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $78.00.

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.