BHP Group Ltd (BHP) Shares Bought by Raymond James & Associates

Raymond James & Associates increased its holdings in shares of BHP Group Ltd (NYSE:BHP) by 7.4% in the 1st quarter, Holdings Channel reports. The firm owned 345,953 shares of the mining company’s stock after acquiring an additional 23,950 shares during the quarter. Raymond James & Associates’ holdings in BHP Group were worth $18,913,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cypress Capital Management LLC grew its stake in shares of BHP Group by 2.3% in the 1st quarter. Cypress Capital Management LLC now owns 45,155 shares of the mining company’s stock valued at $2,469,000 after purchasing an additional 1,000 shares during the period. Moors & Cabot Inc. bought a new stake in shares of BHP Group in the 1st quarter valued at approximately $362,000. Victory Capital Management Inc. grew its stake in shares of BHP Group by 24.3% in the 1st quarter. Victory Capital Management Inc. now owns 228,620 shares of the mining company’s stock valued at $12,499,000 after purchasing an additional 44,756 shares during the period. Boston Partners grew its stake in shares of BHP Group by 1.3% in the 1st quarter. Boston Partners now owns 46,044 shares of the mining company’s stock valued at $2,517,000 after purchasing an additional 612 shares during the period. Finally, Vicus Capital grew its stake in shares of BHP Group by 6.9% in the 1st quarter. Vicus Capital now owns 178,658 shares of the mining company’s stock valued at $9,767,000 after purchasing an additional 11,481 shares during the period. 3.81% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on BHP shares. Jefferies Financial Group upgraded BHP Group from a “hold” rating to a “buy” rating in a research report on Monday, January 28th. JPMorgan Chase & Co. lowered BHP Group from a “neutral” rating to an “underweight” rating in a research report on Monday, February 4th. They noted that the move was a valuation call. Goldman Sachs Group lowered BHP Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 19th. CLSA lowered BHP Group from an “outperform” rating to an “underperform” rating in a research report on Thursday, February 7th. Finally, Societe Generale lowered BHP Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $64.00.

NYSE BHP opened at $52.34 on Wednesday. The company has a market cap of $84.03 billion, a P/E ratio of 15.58, a price-to-earnings-growth ratio of 2.61 and a beta of 0.77. BHP Group Ltd has a one year low of $43.19 and a one year high of $57.25. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.16 and a current ratio of 2.55.

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BHP Group Profile

BHP Group discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.

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Institutional Ownership by Quarter for BHP Group (NYSE:BHP)

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