BHP Group Limited Sponsored ADR $BHP Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 34.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,811 shares of the mining company’s stock after buying an additional 6,674 shares during the period. Allspring Global Investments Holdings LLC’s holdings in BHP Group were worth $1,879,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. AQR Capital Management LLC increased its holdings in BHP Group by 230.0% in the first quarter. AQR Capital Management LLC now owns 31,852 shares of the mining company’s stock worth $1,546,000 after buying an additional 22,201 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in BHP Group by 20.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,594 shares of the mining company’s stock worth $660,000 after acquiring an additional 2,331 shares during the period. Invesco Ltd. lifted its position in shares of BHP Group by 99.6% during the 2nd quarter. Invesco Ltd. now owns 12,506 shares of the mining company’s stock worth $601,000 after purchasing an additional 6,241 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in BHP Group by 173.7% during the second quarter. EverSource Wealth Advisors LLC now owns 3,774 shares of the mining company’s stock worth $182,000 after acquiring an additional 2,395 shares during the period. Finally, Guggenheim Capital LLC increased its holdings in shares of BHP Group by 13.0% during the 2nd quarter. Guggenheim Capital LLC now owns 16,692 shares of the mining company’s stock worth $803,000 after purchasing an additional 1,917 shares during the period. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Analyst Ratings Changes

BHP has been the subject of several research reports. Wall Street Zen raised BHP Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. Citigroup restated a “neutral” rating on shares of BHP Group in a research report on Monday, June 8th. Zacks Research downgraded BHP Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Argus set a $95.00 price objective on BHP Group in a research note on Monday, April 27th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of BHP Group in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, BHP Group currently has a consensus rating of “Hold” and an average target price of $78.00.

BHP Group Stock Up 0.0%

Shares of NYSE BHP opened at $83.69 on Friday. The company’s 50 day simple moving average is $84.83 and its 200 day simple moving average is $77.66. BHP Group Limited Sponsored ADR has a fifty-two week low of $49.68 and a fifty-two week high of $93.83. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.65.

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.