Financial Management Professionals Inc. Raises Stock Position in BHP Group Limited (NYSE:BHP)

Financial Management Professionals Inc. raised its holdings in BHP Group Limited (NYSE:BHPFree Report) by 16.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,502 shares of the mining company’s stock after purchasing an additional 932 shares during the quarter. Financial Management Professionals Inc.’s holdings in BHP Group were worth $317,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BHP. Bleakley Financial Group LLC boosted its stake in shares of BHP Group by 4.1% in the third quarter. Bleakley Financial Group LLC now owns 5,101 shares of the mining company’s stock worth $317,000 after buying an additional 203 shares during the last quarter. Huntington National Bank grew its stake in shares of BHP Group by 17.5% during the 3rd quarter. Huntington National Bank now owns 1,365 shares of the mining company’s stock worth $85,000 after purchasing an additional 203 shares during the period. Essex Savings Bank increased its holdings in shares of BHP Group by 3.0% during the 4th quarter. Essex Savings Bank now owns 7,483 shares of the mining company’s stock valued at $365,000 after purchasing an additional 219 shares in the last quarter. Pinnacle West Asset Management Inc. lifted its stake in shares of BHP Group by 2.8% in the 3rd quarter. Pinnacle West Asset Management Inc. now owns 8,150 shares of the mining company’s stock valued at $506,000 after purchasing an additional 225 shares during the period. Finally, First Horizon Advisors Inc. increased its holdings in BHP Group by 4.6% in the third quarter. First Horizon Advisors Inc. now owns 6,012 shares of the mining company’s stock valued at $373,000 after buying an additional 263 shares in the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Trading Up 1.0 %

Shares of BHP Group stock opened at $50.06 on Friday. The business has a 50 day simple moving average of $50.87 and a two-hundred day simple moving average of $54.24. BHP Group Limited has a 12 month low of $48.06 and a 12 month high of $63.21. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Jefferies Financial Group cut their price target on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research note on Monday, January 6th. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $53.00.

View Our Latest Analysis on BHP Group

BHP Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for BHP Group (NYSE:BHP)

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