Independent Financial Group LLC Takes $525,000 Position in BHP Group Limited Sponsored ADR $BHP

Independent Financial Group LLC purchased a new stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) during the first quarter, Holdings Channel reports. The institutional investor purchased 7,217 shares of the mining company’s stock, valued at approximately $525,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC lifted its position in shares of BHP Group by 230.0% during the first quarter. AQR Capital Management LLC now owns 31,852 shares of the mining company’s stock worth $1,546,000 after acquiring an additional 22,201 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of 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 purchasing an additional 2,331 shares in the last quarter. Invesco Ltd. grew its position in shares of BHP Group by 99.6% in the second quarter. Invesco Ltd. now owns 12,506 shares of the mining company’s stock valued at $601,000 after purchasing an additional 6,241 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of BHP Group by 173.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,774 shares of the mining company’s stock valued at $182,000 after purchasing an additional 2,395 shares during the period. Finally, Guggenheim Capital LLC raised its stake in shares of BHP Group by 13.0% during the 2nd quarter. Guggenheim Capital LLC now owns 16,692 shares of the mining company’s stock valued at $803,000 after purchasing an additional 1,917 shares during the period. 3.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. The Goldman Sachs Group upgraded BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Citigroup reiterated a “neutral” rating on shares of BHP Group in a research report on Monday, June 8th. Berenberg Bank upgraded shares of BHP Group from a “sell” rating to a “hold” rating in a research report on Thursday, April 2nd. Argus set a $95.00 price objective on shares of BHP Group in a research note on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of BHP Group in a research note on Thursday, July 2nd. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, BHP Group has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

BHP Group Trading Down 1.2%

Shares of BHP stock opened at $83.56 on Friday. BHP Group Limited Sponsored ADR has a 52-week low of $49.68 and a 52-week high of $93.83. The business’s fifty day moving average is $84.85 and its 200 day moving average is $77.62. The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.44.

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.