Ritholtz Wealth Management Buys 15,393 Shares of BHP Group Limited Sponsored ADR $BHP

Ritholtz Wealth Management boosted its stake in BHP Group Limited Sponsored ADR (NYSE:BHP) by 66.7% during the third quarter, HoldingsChannel reports. The firm owned 38,473 shares of the mining company’s stock after buying an additional 15,393 shares during the period. Ritholtz Wealth Management’s holdings in BHP Group were worth $2,145,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC increased its holdings in shares of BHP Group by 230.0% in the 1st quarter. AQR Capital Management LLC now owns 31,852 shares of the mining company’s stock worth $1,546,000 after buying an additional 22,201 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in BHP Group by 20.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,594 shares of the mining company’s stock valued at $660,000 after acquiring an additional 2,331 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in BHP Group by 3.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 75,593 shares of the mining company’s stock valued at $3,819,000 after purchasing an additional 2,513 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in BHP Group during the second quarter worth about $68,953,000. Finally, Bridge Creek Capital Management LLC boosted its holdings in shares of BHP Group by 1.2% in the 2nd quarter. Bridge Creek Capital Management LLC now owns 52,296 shares of the mining company’s stock worth $2,515,000 after purchasing an additional 625 shares in the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Stock Performance

NYSE BHP opened at $64.91 on Friday. BHP Group Limited Sponsored ADR has a fifty-two week low of $39.73 and a fifty-two week high of $66.51. The stock has a 50 day simple moving average of $58.95 and a two-hundred day simple moving average of $55.78. The company has a current ratio of 1.46, a quick ratio of 1.11 and a debt-to-equity ratio of 0.43.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BHP. Argus raised BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a report on Tuesday, December 30th. Zacks Research raised shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a research note on Wednesday, October 8th. Two equities research 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 stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $56.00.

About BHP Group

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.