Kovitz Investment Group Partners LLC Makes New $648,000 Investment in BHP Group Limited (NYSE:BHP)

Kovitz Investment Group Partners LLC purchased a new position in BHP Group Limited (NYSE:BHP) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,435 shares of the mining company’s stock, valued at approximately $648,000.

A number of other institutional investors have also bought and sold shares of the business. Fisher Asset Management LLC increased its stake in BHP Group by 3.0% in the 3rd quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company’s stock worth $1,362,996,000 after buying an additional 633,290 shares in the last quarter. Wellington Management Group LLP increased its stake in BHP Group by 13.0% in the 3rd quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock worth $348,041,000 after buying an additional 642,765 shares in the last quarter. Bank of Montreal Can increased its stake in BHP Group by 532.2% in the 2nd quarter. Bank of Montreal Can now owns 2,353,268 shares of the mining company’s stock worth $134,442,000 after buying an additional 1,981,008 shares in the last quarter. FMR LLC increased its stake in BHP Group by 10.0% in the 3rd quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock worth $89,092,000 after buying an additional 129,908 shares in the last quarter. Finally, Westwood Global Investments LLC increased its stake in BHP Group by 4.4% in the 2nd quarter. Westwood Global Investments LLC now owns 1,220,251 shares of the mining company’s stock worth $69,664,000 after buying an additional 51,263 shares in the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Trading Down 2.1 %

Shares of NYSE:BHP opened at $52.45 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. BHP Group Limited has a 12 month low of $50.90 and a 12 month high of $69.11. The company has a 50-day moving average price of $55.15 and a 200 day moving average price of $55.78.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on BHP shares. Jefferies Financial Group lowered BHP Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $72.00 to $68.00 in a research report on Friday, October 4th. StockNews.com upgraded BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. Argus upgraded BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Finally, Sanford C. Bernstein upgraded BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $68.00.

BHP Group Profile

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, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.