HighTower Advisors LLC Boosts Stake in BHP Group Limited Sponsored ADR $BHP

HighTower Advisors LLC increased its position in BHP Group Limited Sponsored ADR (NYSE:BHP) by 74.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 140,630 shares of the mining company’s stock after acquiring an additional 60,170 shares during the period. HighTower Advisors LLC’s holdings in BHP Group were worth $6,826,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Costello Asset Management INC bought a new stake in shares of BHP Group in the first quarter worth $26,000. WFA Asset Management Corp bought a new stake in shares of BHP Group in the first quarter worth $26,000. Alpine Bank Wealth Management bought a new stake in shares of BHP Group in the first quarter worth $27,000. Compagnie Lombard Odier SCmA bought a new stake in shares of BHP Group in the first quarter worth $32,000. Finally, Vermillion Wealth Management Inc. bought a new stake in shares of BHP Group in the fourth quarter worth $74,000. Institutional investors own 3.79% of the company’s stock.

BHP Group Price Performance

BHP stock opened at $53.42 on Tuesday. BHP Group Limited Sponsored ADR has a one year low of $39.73 and a one year high of $63.21. The company’s fifty day moving average price is $50.87 and its 200-day moving average price is $49.53. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. The company has a market capitalization of $135.46 billion, a PE ratio of 12.14 and a beta of 0.80.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on BHP shares. BMO Capital Markets cut BHP Group from an “outperform” rating to a “market perform” rating in a research report on Sunday, July 27th. Sanford C. Bernstein lowered shares of BHP Group from an “outperform” rating to a “market perform” rating in a research report on Monday, May 19th. Berenberg Bank reiterated a “sell” rating and issued a $44.00 price target on shares of BHP Group in a research report on Thursday, July 24th. Argus lowered shares of BHP Group from a “buy” rating to a “hold” rating in a research report on Friday, June 13th. Finally, Macquarie lowered shares of BHP Group from an “outperform” rating to a “neutral” rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $48.50.

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