Synovus Financial Corp Has $461,000 Stock Holdings in BHP Group Limited (NYSE:BHP)

Synovus Financial Corp raised its position in BHP Group Limited (NYSE:BHP) by 18.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,423 shares of the mining company’s stock after acquiring an additional 1,168 shares during the period. Synovus Financial Corp’s holdings in BHP Group were worth $461,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of BHP. Asset Dedication LLC raised its stake in shares of BHP Group by 7,516.7% in the second quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock valued at $26,000 after purchasing an additional 451 shares in the last quarter. Eastern Bank bought a new stake in BHP Group in the 3rd quarter valued at $26,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of BHP Group in the 2nd quarter valued at $27,000. Sound Income Strategies LLC lifted its holdings in shares of BHP Group by 124.6% during the 3rd quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock worth $33,000 after acquiring an additional 294 shares during the period. Finally, Addison Advisors LLC boosted its position in shares of BHP Group by 1,187.0% during the 2nd quarter. Addison Advisors LLC now owns 592 shares of the mining company’s stock valued at $34,000 after acquiring an additional 546 shares in the last quarter. Institutional investors own 3.79% of the company’s stock.

BHP Group Stock Performance

NYSE:BHP opened at $49.40 on Thursday. The stock has a market capitalization of $125.27 billion, a P/E ratio of 10.69 and a beta of 0.95. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. BHP Group Limited has a 1 year low of $49.35 and a 1 year high of $69.11. The firm has a 50 day moving average of $54.28 and a 200-day moving average of $55.50.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Sanford C. Bernstein raised shares of BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. Jefferies Financial Group downgraded BHP Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $72.00 to $68.00 in a research report on Friday, October 4th. StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Finally, Argus raised BHP Group to a “strong-buy” rating in a report on Thursday, September 19th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, BHP Group has an average rating of “Moderate Buy” and an average target price of $68.00.

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.