MML Investors Services LLC decreased its position in shares of BHP Group Limited (NYSE:BHP – Get Rating) by 29.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,279 shares of the mining company’s stock after selling 11,374 shares during the quarter. MML Investors Services LLC’s holdings in BHP Group were worth $1,365,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership boosted its position in shares of BHP Group by 119.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,338,797 shares of the mining company’s stock worth $798,672,000 after acquiring an additional 5,632,545 shares in the last quarter. Bank of Montreal Can grew its position in BHP Group by 233.4% in the third quarter. Bank of Montreal Can now owns 1,192,159 shares of the mining company’s stock valued at $63,054,000 after acquiring an additional 834,544 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of BHP Group by 53.7% during the 2nd quarter. Franklin Resources Inc. now owns 2,302,142 shares of the mining company’s stock valued at $129,334,000 after purchasing an additional 804,469 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of BHP Group by 96.4% in the 1st quarter. Royal Bank of Canada now owns 1,463,194 shares of the mining company’s stock valued at $113,033,000 after acquiring an additional 718,247 shares during the last quarter. Finally, UBS Group AG boosted its stake in shares of BHP Group by 646.4% during the second quarter. UBS Group AG now owns 525,386 shares of the mining company’s stock valued at $29,516,000 after purchasing an additional 621,544 shares in the last quarter. 5.90% of the stock is currently owned by institutional investors and hedge funds.
BHP Group Stock Performance
Shares of NYSE BHP opened at $63.16 on Thursday. The firm’s 50-day moving average price is $65.96 and its 200-day moving average price is $58.65. The company has a current ratio of 1.69, a quick ratio of 1.28 and a debt-to-equity ratio of 0.27. BHP Group Limited has a 1-year low of $46.92 and a 1-year high of $79.66.
BHP Group Cuts Dividend
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the stock. StockNews.com lowered shares of BHP Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 22nd. Bank of America raised BHP Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 23rd. Deutsche Bank Aktiengesellschaft raised their price objective on BHP Group from GBX 2,200 ($26.55) to GBX 2,300 ($27.75) in a research report on Tuesday, January 10th. Berenberg Bank decreased their target price on shares of BHP Group from GBX 3,000 ($36.20) to GBX 2,900 ($34.99) in a research report on Thursday, February 23rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of BHP Group from GBX 2,500 ($30.17) to GBX 2,510 ($30.29) in a research report on Wednesday, February 22nd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $2,211.50.
About BHP Group
BHP Group Ltd. engages in the exploration, development, production and processing of iron ore, metallurgical coal and copper. It operates through the following segments: Petroleum, Copper, Iron Ore, and Coal. The Petroleum segment explores, develops and produces oil and gas. The Copper segment refers to the mining of copper, silver, lead, zinc, molybdenum, uranium and gold.
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