Dynasty Wealth Management LLC Invests $745,000 in BHP Group Limited Sponsored ADR $BHP

Dynasty Wealth Management LLC purchased a new stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,357 shares of the mining company’s stock, valued at approximately $745,000.

Other institutional investors have also added to or reduced their stakes in the company. Caldwell Trust Co purchased a new stake in shares of BHP Group during the 2nd quarter worth approximately $31,000. Hilltop National Bank bought a new stake in BHP Group in the second quarter worth $32,000. Salomon & Ludwin LLC raised its stake in BHP Group by 3,040.9% during the third quarter. Salomon & Ludwin LLC now owns 691 shares of the mining company’s stock valued at $38,000 after purchasing an additional 669 shares in the last quarter. NewSquare Capital LLC lifted its position in BHP Group by 249.8% during the second quarter. NewSquare Capital LLC now owns 871 shares of the mining company’s stock valued at $42,000 after purchasing an additional 622 shares during the last quarter. Finally, True Wealth Design LLC grew its stake in shares of BHP Group by 229.7% in the 3rd quarter. True Wealth Design LLC now owns 755 shares of the mining company’s stock worth $42,000 after buying an additional 526 shares in the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Stock Down 0.8%

BHP stock opened at $64.36 on Wednesday. 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 12 month low of $39.73 and a 12 month high of $66.51. The company has a 50-day moving average price of $59.31 and a 200 day moving average price of $56.02.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BHP. Zacks Research upgraded shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 9th. Argus raised BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Tuesday, December 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $56.00.

BHP Group Profile

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.