Janney Montgomery Scott LLC Sells 22,189 Shares of BHP Group Limited Sponsored ADR $BHP

Janney Montgomery Scott LLC trimmed its holdings in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 9.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 210,867 shares of the mining company’s stock after selling 22,189 shares during the quarter. Janney Montgomery Scott LLC’s holdings in BHP Group were worth $15,338,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Bayban bought a new stake in shares of BHP Group during the 4th quarter valued at about $25,000. Hilton Head Capital Partners LLC bought a new position in shares of BHP Group in the fourth quarter worth approximately $26,000. Garton & Associates Financial Advisors LLC bought a new position in shares of BHP Group in the fourth quarter worth approximately $26,000. Sound Income Strategies LLC raised its stake in BHP Group by 222.1% in the fourth quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock valued at $27,000 after purchasing an additional 291 shares in the last quarter. Finally, Eagle Bay Advisors LLC purchased a new stake in BHP Group in the fourth quarter valued at approximately $39,000. 3.79% of the stock is currently owned by institutional investors.

BHP Group Trading Down 1.3%

Shares of BHP opened at $82.26 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.65 and a quick ratio of 1.28. The firm has a fifty day simple moving average of $84.92 and a two-hundred day simple moving average of $75.15. BHP Group Limited Sponsored ADR has a twelve month low of $49.07 and a twelve month high of $93.83.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on BHP shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of BHP Group in a research report on Friday, May 15th. The Goldman Sachs Group upgraded shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Argus set a $95.00 price objective on shares of BHP Group in a report on Monday, April 27th. Bank of America cut their target price on shares of BHP Group from $93.00 to $91.00 and set a “neutral” rating for the company in a research report on Monday, June 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, BHP Group has a consensus rating of “Hold” and an average price target of $69.50.

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.