Allworth Financial LP Boosts Stake in BHP Group Limited Sponsored ADR $BHP

Allworth Financial LP grew its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 147.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,166 shares of the mining company’s stock after buying an additional 2,481 shares during the period. Allworth Financial LP’s holdings in BHP Group were worth $200,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Wellington Management Group LLP raised its position in shares of BHP Group by 1.2% during the first quarter. Wellington Management Group LLP now owns 5,579,061 shares of the mining company’s stock valued at $270,808,000 after buying an additional 63,641 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of BHP Group by 43.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,951,258 shares of the mining company’s stock worth $240,334,000 after acquiring an additional 1,490,012 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in shares of BHP Group during the 2nd quarter worth about $68,953,000. Royal Bank of Canada raised its holdings in shares of BHP Group by 2.8% in the first quarter. Royal Bank of Canada now owns 1,149,201 shares of the mining company’s stock worth $55,781,000 after buying an additional 30,980 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of BHP Group by 6.1% during the 1st quarter. American Century Companies Inc. now owns 681,659 shares of the mining company’s stock worth $33,088,000 after acquiring an additional 38,903 shares during the last quarter. Institutional investors own 3.79% of the company’s stock.

BHP Group Trading Down 1.6%

BHP opened at $53.72 on Wednesday. The company has a fifty day moving average of $55.28 and a two-hundred day moving average of $52.65. The company has a quick ratio of 1.11, a current ratio of 1.46 and a debt-to-equity ratio of 0.43. BHP Group Limited Sponsored ADR has a fifty-two week low of $39.73 and a fifty-two week high of $58.92.

BHP Group (NYSE:BHP) last issued its quarterly earnings data on Monday, August 18th. The mining company reported $2.00 EPS for the quarter, missing the consensus estimate of $2.09 by ($0.09). The business had revenue of $26.23 billion during the quarter, compared to the consensus estimate of $26.04 billion. As a group, analysts forecast that BHP Group Limited Sponsored ADR will post 4.03 EPS for the current fiscal year.

Analysts Set New Price Targets

BHP has been the subject of several research analyst reports. BMO Capital Markets downgraded shares of BHP Group from an “outperform” rating to a “market perform” rating in a research note on Sunday, July 27th. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a research report on Wednesday, October 8th. Citigroup reissued a “neutral” rating on shares of BHP Group in a research report on Wednesday, August 20th. Finally, Berenberg Bank reiterated a “sell” rating and set a $44.00 price objective on shares of BHP Group in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $48.50.

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.