MQS Management LLC Buys Shares of 11,261 BHP Group Limited Sponsored ADR $BHP

MQS Management LLC purchased a new stake in BHP Group Limited Sponsored ADR (NYSE:BHP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,261 shares of the mining company’s stock, valued at approximately $628,000.

Several other institutional investors also recently modified their holdings of BHP. Fisher Asset Management LLC raised its position in shares of BHP Group by 1.9% in the 2nd quarter. Fisher Asset Management LLC now owns 22,842,252 shares of the mining company’s stock valued at $1,098,484,000 after acquiring an additional 429,330 shares during the period. Norges Bank bought a new stake in shares of BHP Group in the 2nd quarter valued at $20,262,000. Townsend & Associates Inc raised its position in shares of BHP Group by 66.6% during the second quarter. Townsend & Associates Inc now owns 600,575 shares of the mining company’s stock worth $31,921,000 after purchasing an additional 240,075 shares during the period. Ameriprise Financial Inc. grew its position in shares of BHP Group by 119.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 424,361 shares of the mining company’s stock valued at $20,408,000 after purchasing an additional 230,848 shares during the period. Finally, Franklin Resources Inc. increased its stake in BHP Group by 48.2% during the 2nd quarter. Franklin Resources Inc. now owns 383,043 shares of the mining company’s stock worth $18,421,000 after purchasing an additional 124,625 shares in the last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Stock Performance

BHP Group stock opened at $72.32 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.46 and a debt-to-equity ratio of 0.43. BHP Group Limited Sponsored ADR has a 1-year low of $39.73 and a 1-year high of $74.98. The company has a fifty day simple moving average of $63.87 and a 200 day simple moving average of $57.89.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BHP shares. Zacks Research raised shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a research report on Wednesday, January 21st. Argus raised shares of BHP Group from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research note on Tuesday, December 30th. Finally, Citigroup reissued a “neutral” rating on shares of BHP Group in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $56.00.

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.