BHP Group Limited Sponsored ADR (NYSE:BHP) Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers raised its stake in BHP Group Limited Sponsored ADR (NYSE:BHP) by 1.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,196 shares of the mining company’s stock after buying an additional 900 shares during the quarter. Cetera Investment Advisers’ holdings in BHP Group were worth $2,485,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Avantax Advisory Services Inc. increased its stake in BHP Group by 11.6% during the first quarter. Avantax Advisory Services Inc. now owns 127,784 shares of the mining company’s stock worth $6,203,000 after purchasing an additional 13,269 shares during the period. Jackson Hole Capital Partners LLC boosted its holdings in shares of BHP Group by 43.5% in the first quarter. Jackson Hole Capital Partners LLC now owns 18,804 shares of the mining company’s stock valued at $913,000 after acquiring an additional 5,704 shares during the period. One Wealth Advisors LLC acquired a new stake in shares of BHP Group in the first quarter valued at approximately $394,000. Cadence Wealth Management LLC lifted its holdings in shares of BHP Group by 32.4% during the first quarter. Cadence Wealth Management LLC now owns 14,005 shares of the mining company’s stock worth $680,000 after purchasing an additional 3,430 shares during the period. Finally, AE Wealth Management LLC lifted its holdings in shares of BHP Group by 14.9% during the first quarter. AE Wealth Management LLC now owns 8,559 shares of the mining company’s stock worth $415,000 after purchasing an additional 1,113 shares during the period. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Berenberg Bank restated a “sell” rating and set a $44.00 target price on shares of BHP Group in a research report on Thursday, July 24th. Argus cut BHP Group from a “buy” rating to a “hold” rating in a research report on Friday, June 13th. Sanford C. Bernstein cut BHP Group from an “outperform” rating to a “market perform” rating in a report on Monday, May 19th. Macquarie cut BHP Group from an “outperform” rating to a “neutral” rating in a report on Friday, July 18th. Finally, BMO Capital Markets lowered BHP Group from an “outperform” rating to a “market perform” rating in a research note on Sunday, July 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $48.50.

BHP Group Trading Up 0.9%

Shares of BHP stock opened at $51.57 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. BHP Group Limited Sponsored ADR has a 1 year low of $39.73 and a 1 year high of $63.21. The stock has a fifty day moving average of $50.20 and a two-hundred day moving average of $49.31. The firm has a market capitalization of $130.76 billion, a PE ratio of 11.72 and a beta of 0.80.

BHP Group Profile

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.