NewEdge Wealth LLC raised its stake in BHP Group Limited (NYSE:BHP – Free Report) by 3.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,891 shares of the mining company’s stock after purchasing an additional 1,309 shares during the period. NewEdge Wealth LLC’s holdings in BHP Group were worth $2,042,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Knights of Columbus Asset Advisors LLC increased its stake in BHP Group by 4.0% in the second quarter. Knights of Columbus Asset Advisors LLC now owns 4,473 shares of the mining company’s stock valued at $267,000 after purchasing an additional 172 shares in the last quarter. Cape Investment Advisory Inc. increased its position in shares of BHP Group by 37.4% during the third quarter. Cape Investment Advisory Inc. now owns 639 shares of the mining company’s stock worth $36,000 after acquiring an additional 174 shares in the last quarter. Private Advisor Group LLC increased its position in shares of BHP Group by 1.6% during the second quarter. Private Advisor Group LLC now owns 11,007 shares of the mining company’s stock worth $672,000 after acquiring an additional 178 shares in the last quarter. Yousif Capital Management LLC increased its position in shares of BHP Group by 0.4% during the second quarter. Yousif Capital Management LLC now owns 42,666 shares of the mining company’s stock worth $2,546,000 after acquiring an additional 181 shares in the last quarter. Finally, Hoey Investments Inc. increased its position in shares of BHP Group by 13.3% during the third quarter. Hoey Investments Inc. now owns 1,700 shares of the mining company’s stock worth $97,000 after acquiring an additional 200 shares in the last quarter.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 29th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, BHP Group has a consensus rating of “Hold” and an average target price of $1,833.33.
BHP Group Stock Down 2.6 %
BHP Group stock opened at $59.50 on Tuesday. BHP Group Limited has a fifty-two week low of $54.28 and a fifty-two week high of $69.11. The firm’s 50-day simple moving average is $63.80 and its 200 day simple moving average is $60.07. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.95 and a current ratio of 1.23.
About BHP Group
BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.
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