Sigma Planning Corp Takes Position in BHP Group Limited Sponsored ADR $BHP

Sigma Planning Corp purchased a new stake in BHP Group Limited Sponsored ADR (NYSE:BHP) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,907 shares of the mining company’s stock, valued at approximately $793,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fisher Asset Management LLC grew its stake in BHP Group by 1.1% in the 4th quarter. Fisher Asset Management LLC now owns 23,402,474 shares of the mining company’s stock valued at $1,412,807,000 after acquiring an additional 252,825 shares during the last quarter. Morgan Stanley increased its holdings in BHP Group by 22.8% during the 4th quarter. Morgan Stanley now owns 13,800,183 shares of the mining company’s stock valued at $833,117,000 after acquiring an additional 2,562,747 shares in the last quarter. Bank of America Corp DE raised its position in BHP Group by 25.2% during the third quarter. Bank of America Corp DE now owns 3,465,421 shares of the mining company’s stock worth $193,197,000 after acquiring an additional 697,316 shares during the last quarter. Northern Trust Corp raised its position in BHP Group by 5.3% during the third quarter. Northern Trust Corp now owns 2,443,560 shares of the mining company’s stock worth $136,228,000 after acquiring an additional 123,382 shares during the last quarter. Finally, SIH Partners LLLP lifted its holdings in shares of BHP Group by 937.5% in the third quarter. SIH Partners LLLP now owns 1,856,704 shares of the mining company’s stock valued at $103,511,000 after purchasing an additional 1,677,739 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Argus set a $95.00 price target on shares of BHP Group in a research report on Monday, April 27th. The Goldman Sachs Group upgraded BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Wall Street Zen upgraded BHP Group from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Berenberg Bank upgraded BHP Group from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. Finally, Bank of America dropped their price target on BHP Group from $93.00 to $91.00 and set a “neutral” rating for the company in a research report on Monday, June 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $69.50.

BHP Group Stock Up 0.1%

NYSE:BHP opened at $80.72 on Monday. BHP Group Limited Sponsored ADR has a 12-month low of $49.68 and a 12-month high of $93.83. The company’s 50-day moving average is $85.32 and its two-hundred day moving average is $76.99. 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.