SG Americas Securities LLC Has $1.47 Million Stake in BHP Group Limited Sponsored ADR $BHP

SG Americas Securities LLC boosted its holdings in BHP Group Limited Sponsored ADR (NYSE:BHP) by 43.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 26,384 shares of the mining company’s stock after acquiring an additional 7,934 shares during the quarter. SG Americas Securities LLC’s holdings in BHP Group were worth $1,471,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Kingstone Capital Partners Texas LLC bought a new position in shares of BHP Group in the second quarter valued at $68,953,000. Fisher Asset Management LLC increased its position in shares of BHP Group by 1.9% during the second quarter. Fisher Asset Management LLC now owns 22,842,252 shares of the mining company’s stock worth $1,098,484,000 after acquiring an additional 429,330 shares in the last quarter. Norges Bank acquired a new stake in shares of BHP Group in the 2nd quarter worth about $20,262,000. Townsend & Associates Inc lifted its position in BHP Group by 66.6% in the 2nd quarter. Townsend & Associates Inc now owns 600,575 shares of the mining company’s stock valued at $31,921,000 after acquiring an additional 240,075 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in BHP Group by 119.3% during 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 last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analyst Ratings Changes

BHP has been the subject of several analyst reports. Zacks Research raised BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of BHP Group in a report on Wednesday, October 8th. Finally, Argus upgraded BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Tuesday, December 30th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, BHP Group presently has an average rating of “Hold” and an average price target of $56.00.

BHP Group Stock Performance

Shares of NYSE BHP opened at $64.91 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 1.46. The stock’s 50 day moving average price is $58.95 and its 200-day moving average price is $55.73. BHP Group Limited Sponsored ADR has a twelve month low of $39.73 and a twelve month high of $66.51.

BHP Group 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.