American Century Companies Inc. Acquires 96,585 Shares of BHP Group Limited Sponsored ADR $BHP

American Century Companies Inc. raised its holdings in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 14.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 778,244 shares of the mining company’s stock after purchasing an additional 96,585 shares during the period. American Century Companies Inc.’s holdings in BHP Group were worth $37,426,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BHP. Goldman Sachs Group Inc. boosted its stake in 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 purchasing an additional 1,490,012 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in BHP Group in the second quarter worth about $68,953,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of BHP Group by 3,599.1% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 260,935 shares of the mining company’s stock worth $12,666,000 after buying an additional 253,881 shares in the last quarter. Townsend & Associates Inc lifted its stake in shares of BHP Group by 66.6% in the second quarter. Townsend & Associates Inc now owns 600,575 shares of the mining company’s stock worth $31,921,000 after buying an additional 240,075 shares in the last quarter. Finally, Citigroup Inc. grew its holdings in shares of BHP Group by 94.9% during the first quarter. Citigroup Inc. now owns 422,239 shares of the mining company’s stock valued at $20,495,000 after buying an additional 205,591 shares during the last quarter. 3.79% of the stock is owned by institutional investors.

BHP Group Stock Performance

Shares of BHP stock opened at $54.64 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.46 and a quick ratio of 1.11. BHP Group Limited Sponsored ADR has a 1 year low of $39.73 and a 1 year high of $58.92. The firm has a fifty day moving average price of $55.32 and a 200-day moving average price of $52.89.

Wall Street Analyst Weigh In

BHP has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of BHP Group in a report on Wednesday, October 8th. Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $48.50.

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.