Farther Finance Advisors LLC Reduces Stake in BHP Group Limited Sponsored ADR (NYSE:BHP)

Farther Finance Advisors LLC reduced its position in BHP Group Limited Sponsored ADR (NYSE:BHP) by 73.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,858 shares of the mining company’s stock after selling 5,045 shares during the period. Farther Finance Advisors LLC’s holdings in BHP Group were worth $91,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of BHP. Northern Trust Corp boosted its stake in shares of BHP Group by 58.5% in the 4th quarter. Northern Trust Corp now owns 2,294,562 shares of the mining company’s stock worth $112,043,000 after buying an additional 846,963 shares during the last quarter. Balyasny Asset Management L.P. boosted its stake in shares of BHP Group by 1,898.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 707,405 shares of the mining company’s stock worth $34,543,000 after buying an additional 672,016 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of BHP Group in the 4th quarter worth $25,878,000. Norges Bank purchased a new position in BHP Group during the fourth quarter valued at $20,574,000. Finally, Fisher Asset Management LLC lifted its position in BHP Group by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company’s stock valued at $1,085,253,000 after purchasing an additional 280,258 shares in the last quarter. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Price Performance

NYSE BHP opened at $46.09 on Friday. The company has a market capitalization of $116.88 billion, a PE ratio of 10.48 and a beta of 0.82. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. The business’s fifty day moving average is $48.75 and its 200 day moving average is $49.12. BHP Group Limited Sponsored ADR has a fifty-two week low of $39.73 and a fifty-two week high of $63.21.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BHP shares. Argus downgraded BHP Group from a “buy” rating to a “hold” rating in a research report on Friday, June 13th. Clarkson Capital upgraded BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. Finally, Sanford C. Bernstein downgraded BHP Group from an “outperform” rating to a “market perform” rating in a research report on Monday, May 19th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.

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.