First Hawaiian Bank Purchases New Holdings in BHP Group Limited (NYSE:BHP)

First Hawaiian Bank acquired a new position in BHP Group Limited (NYSE:BHPGet Rating) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,593 shares of the mining company’s stock, valued at approximately $354,000.

Several other large investors have also made changes to their positions in BHP. Segantii Capital Management Ltd purchased a new stake in BHP Group in the 4th quarter valued at about $25,031,000. CQS US LLC grew its stake in BHP Group by 61.1% in the fourth quarter. CQS US LLC now owns 885,640 shares of the mining company’s stock worth $53,307,000 after purchasing an additional 335,937 shares in the last quarter. Bank of Montreal Can increased its holdings in BHP Group by 67.6% during the 4th quarter. Bank of Montreal Can now owns 711,448 shares of the mining company’s stock worth $42,886,000 after purchasing an additional 287,063 shares during the period. Cannon Global Investment Management LLC raised its position in BHP Group by 115.0% during the 4th quarter. Cannon Global Investment Management LLC now owns 412,787 shares of the mining company’s stock valued at $24,912,000 after purchasing an additional 220,754 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of BHP Group by 76.9% in the 4th quarter. SG Americas Securities LLC now owns 387,213 shares of the mining company’s stock worth $23,368,000 after buying an additional 168,330 shares during the period. Institutional investors and hedge funds own 6.73% of the company’s stock.

Shares of BHP stock opened at $54.75 on Friday. The business has a fifty day moving average of $66.22 and a 200 day moving average of $66.90. BHP Group Limited has a 1 year low of $51.88 and a 1 year high of $80.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.71 and a current ratio of 1.92.

A number of research firms recently weighed in on BHP. Barclays lowered their price objective on shares of BHP Group from GBX 2,700 ($33.07) to GBX 2,400 ($29.40) in a research note on Wednesday, May 25th. HSBC started coverage on shares of BHP Group in a research note on Friday, March 18th. They issued a “hold” rating for the company. JPMorgan Chase & Co. dropped their target price on BHP Group from GBX 2,640 ($32.34) to GBX 2,590 ($31.72) in a research report on Wednesday. Liberum Capital cut BHP Group from a “hold” rating to a “sell” rating in a research note on Wednesday, May 4th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on BHP Group from GBX 2,400 ($29.40) to GBX 2,250 ($27.56) in a research note on Tuesday, May 31st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, BHP Group currently has an average rating of “Hold” and an average target price of $1,717.62.

BHP Group Company Profile (Get Rating)

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, rest of Asia, North America, South America, and internationally. It operates through Petroleum, Copper, Iron Ore, and Coal segments. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.

See Also

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

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