Park Avenue Securities LLC raised its holdings in shares of BHP Group Limited (NYSE:BHP – Free Report) by 11.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,080 shares of the mining company’s stock after purchasing an additional 1,824 shares during the quarter. Park Avenue Securities LLC’s holdings in BHP Group were worth $883,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Bank of Montreal Can boosted its position in BHP Group by 532.2% in the second quarter. Bank of Montreal Can now owns 2,353,268 shares of the mining company’s stock worth $134,442,000 after purchasing an additional 1,981,008 shares during the last quarter. XY Capital Ltd raised its position in shares of BHP Group by 503.6% in the third quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock worth $57,245,000 after buying an additional 768,972 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of BHP Group by 13.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock valued at $348,041,000 after acquiring an additional 642,765 shares during the last quarter. Fisher Asset Management LLC grew its stake in BHP Group by 3.0% in the 3rd quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company’s stock worth $1,362,996,000 after buying an additional 633,290 shares in the last quarter. Finally, Mediolanum International Funds Ltd bought a new position in BHP Group in the third quarter valued at $33,458,000. Institutional investors and hedge funds own 3.79% of the company’s stock.
Analysts Set New Price Targets
BHP has been the subject of a number of recent research reports. Jefferies Financial Group lowered their price objective on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a report on Monday, January 6th. StockNews.com downgraded shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, BHP Group currently has a consensus rating of “Moderate Buy” and an average price target of $53.00.
BHP Group Stock Performance
Shares of BHP Group stock opened at $50.17 on Wednesday. BHP Group Limited has a 12 month low of $48.06 and a 12 month high of $63.21. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. The business has a fifty day simple moving average of $50.80 and a two-hundred day simple moving average of $54.11.
About BHP Group
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.
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