Synovus Financial Corp Acquires 700 Shares of BHP Group Limited (NYSE:BHP)

Synovus Financial Corp boosted its position in BHP Group Limited (NYSE:BHPGet Rating) by 16.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,943 shares of the mining company’s stock after purchasing an additional 700 shares during the period. Synovus Financial Corp’s holdings in BHP Group were worth $277,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Kestra Private Wealth Services LLC grew its position in BHP Group by 3.7% in the 1st quarter. Kestra Private Wealth Services LLC now owns 4,184 shares of the mining company’s stock worth $323,000 after purchasing an additional 149 shares in the last quarter. Emfo LLC grew its position in BHP Group by 0.4% in the 1st quarter. Emfo LLC now owns 48,180 shares of the mining company’s stock worth $3,722,000 after purchasing an additional 195 shares in the last quarter. CI Investments Inc. grew its position in BHP Group by 33.3% in the 1st quarter. CI Investments Inc. now owns 800 shares of the mining company’s stock worth $62,000 after purchasing an additional 200 shares in the last quarter. Wolff Wiese Magana LLC grew its position in BHP Group by 71.2% in the 1st quarter. Wolff Wiese Magana LLC now owns 488 shares of the mining company’s stock worth $38,000 after purchasing an additional 203 shares in the last quarter. Finally, Fairfield Bush & CO. grew its position in BHP Group by 1.1% in the 1st quarter. Fairfield Bush & CO. now owns 19,463 shares of the mining company’s stock worth $1,504,000 after purchasing an additional 211 shares in the last quarter. 6.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on BHP. JPMorgan Chase & Co. upped their price objective on shares of BHP Group from GBX 2,310 ($27.14) to GBX 2,330 ($27.38) in a research report on Thursday, October 20th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of BHP Group from GBX 2,200 ($25.85) to GBX 2,100 ($24.68) in a research note on Wednesday, October 5th. Barclays boosted their target price on shares of BHP Group from GBX 2,200 ($25.85) to GBX 2,250 ($26.44) in a research note on Friday, October 21st. Credit Suisse Group boosted their target price on shares of BHP Group from GBX 2,200 ($25.85) to GBX 2,300 ($27.03) in a research note on Wednesday, August 17th. Finally, StockNews.com upgraded shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 15th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $1,904.11.

BHP Group Stock Up 0.2 %

Shares of BHP stock opened at $58.74 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.40 and a current ratio of 1.69. The firm’s 50 day moving average is $51.51 and its 200 day moving average is $55.75. BHP Group Limited has a 12 month low of $46.92 and a 12 month high of $79.66.

BHP Group Profile

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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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.

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

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