BHP Group Limited Sponsored ADR $BHP Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management lifted its holdings in BHP Group Limited Sponsored ADR (NYSE:BHP) by 26.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 51,721 shares of the mining company’s stock after buying an additional 10,958 shares during the quarter. Ritholtz Wealth Management’s holdings in BHP Group were worth $3,762,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of BHP. Paradigm Asset Management Co. LLC bought a new stake in shares of BHP Group in the 3rd quarter worth approximately $1,345,000. Abbington Investment Group grew its stake in BHP Group by 45.6% during the 4th quarter. Abbington Investment Group now owns 69,288 shares of the mining company’s stock worth $4,183,000 after buying an additional 21,700 shares during the last quarter. Fisher Asset Management LLC grew its stake in BHP Group by 1.3% during the 3rd quarter. Fisher Asset Management LLC now owns 23,149,649 shares of the mining company’s stock worth $1,290,593,000 after buying an additional 307,397 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in BHP Group by 1,769.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 464,133 shares of the mining company’s stock worth $25,875,000 after buying an additional 439,304 shares during the period. Finally, AlphaCore Capital LLC increased its position in BHP Group by 1,782.2% in the third quarter. AlphaCore Capital LLC now owns 17,335 shares of the mining company’s stock worth $966,000 after buying an additional 16,414 shares during the period. 3.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of BHP Group from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. The Goldman Sachs Group raised 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. Sanford C. Bernstein reduced their target price 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. Finally, DZ Bank upgraded shares of BHP Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $69.50.

BHP Group Stock Up 0.6%

BHP opened at $81.18 on Friday. The business has a 50 day moving average price of $84.73 and a two-hundred day moving average price of $74.52. 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 1-year low of $47.49 and a 1-year high of $93.83.

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.