Global Retirement Partners LLC Grows Position in BHP Group Limited Sponsored ADR $BHP

Global Retirement Partners LLC grew its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 464.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,762 shares of the mining company’s stock after buying an additional 7,209 shares during the quarter. Global Retirement Partners LLC’s holdings in BHP Group were worth $529,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in BHP. AQR Capital Management LLC boosted its stake in shares of BHP Group by 230.0% during the first quarter. AQR Capital Management LLC now owns 31,852 shares of the mining company’s stock valued at $1,546,000 after purchasing an additional 22,201 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of BHP Group by 20.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,594 shares of the mining company’s stock valued at $660,000 after purchasing an additional 2,331 shares during the period. Invesco Ltd. boosted its stake in shares of BHP Group by 99.6% during the second quarter. Invesco Ltd. now owns 12,506 shares of the mining company’s stock valued at $601,000 after purchasing an additional 6,241 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of BHP Group by 173.7% during the second quarter. EverSource Wealth Advisors LLC now owns 3,774 shares of the mining company’s stock valued at $182,000 after purchasing an additional 2,395 shares during the period. Finally, Guggenheim Capital LLC boosted its stake in shares of BHP Group by 13.0% during the second quarter. Guggenheim Capital LLC now owns 16,692 shares of the mining company’s stock valued at $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 Upgrades and Downgrades

A number of research firms have recently weighed in on BHP. Citigroup reissued a “neutral” rating on shares of BHP Group in a research note on Monday, April 13th. Sanford C. Bernstein dropped their price objective on BHP Group from $49.50 to $48.00 and set a “market perform” rating for the company in a research note on Monday, March 9th. Argus set a $95.00 price objective on BHP Group in a research note on Monday, April 27th. The Goldman Sachs Group raised BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Finally, Bank of America lowered BHP Group from a “buy” rating to a “neutral” rating in a research note on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $62.33.

BHP Group Trading Up 1.6%

Shares of BHP stock opened at $87.88 on Thursday. The stock has a fifty day moving average of $78.26 and a 200 day moving average of $69.75. BHP Group Limited Sponsored ADR has a 52 week low of $45.74 and a 52 week high of $91.45. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.44.

BHP Group Company 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.