Portfolio Design Labs LLC Acquires New Holdings in BHP Group Limited (NYSE:BHP)

Portfolio Design Labs LLC acquired a new stake in shares of BHP Group Limited (NYSE:BHP) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,724 shares of the mining company’s stock, valued at approximately $231,000.

A number of other institutional investors also recently added to or reduced their stakes in BHP. XY Capital Ltd boosted its position in BHP Group by 503.6% during the third quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock valued at $57,245,000 after purchasing an additional 768,972 shares in the last quarter. Wellington Management Group LLP raised its stake in BHP Group by 13.0% in the third quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock valued at $348,041,000 after buying an additional 642,765 shares during the last quarter. Fisher Asset Management LLC raised its stake in BHP Group by 3.0% in the third quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company’s stock valued at $1,362,996,000 after buying an additional 633,290 shares during the last quarter. Mediolanum International Funds Ltd purchased a new stake in BHP Group in the third quarter valued at about $33,458,000. Finally, International Assets Investment Management LLC raised its stake in BHP Group by 6,281.5% in the third quarter. International Assets Investment Management LLC now owns 444,664 shares of the mining company’s stock valued at $276,180,000 after buying an additional 437,696 shares during the last quarter. Institutional investors own 3.79% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on BHP shares. StockNews.com cut BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 31st. Jefferies Financial Group decreased 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. Three 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $53.00.

BHP Group Price Performance

Shares of NYSE:BHP opened at $50.69 on Thursday. BHP Group Limited has a 52-week low of $48.06 and a 52-week high of $63.21. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. The business has a 50-day moving average price of $49.98 and a 200-day moving average price of $53.29.

BHP Group Profile

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.