Kestra Advisory Services LLC Increases Stake in BHP Group Limited (NYSE:BHP)

Kestra Advisory Services LLC raised its position in BHP Group Limited (NYSE:BHPGet Rating) by 25.0% during the third quarter, HoldingsChannel reports. The firm owned 31,386 shares of the mining company’s stock after buying an additional 6,272 shares during the quarter. Kestra Advisory Services LLC’s holdings in BHP Group were worth $1,571,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BHP. Arrowstreet Capital Limited Partnership increased its position in shares of BHP Group by 119.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,338,797 shares of the mining company’s stock valued at $798,672,000 after purchasing an additional 5,632,545 shares during the last quarter. Franklin Resources Inc. increased its position in shares of BHP Group by 53.7% in the 2nd quarter. Franklin Resources Inc. now owns 2,302,142 shares of the mining company’s stock valued at $129,334,000 after purchasing an additional 804,469 shares during the last quarter. Royal Bank of Canada increased its position in shares of BHP Group by 96.4% in the 1st quarter. Royal Bank of Canada now owns 1,463,194 shares of the mining company’s stock valued at $113,033,000 after purchasing an additional 718,247 shares during the last quarter. UBS Group AG increased its position in shares of BHP Group by 646.4% in the 2nd quarter. UBS Group AG now owns 525,386 shares of the mining company’s stock valued at $29,516,000 after purchasing an additional 621,544 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of BHP Group by 2,079.3% in the 1st quarter. Wellington Management Group LLP now owns 629,610 shares of the mining company’s stock valued at $48,638,000 after purchasing an additional 600,720 shares during the last quarter. 5.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. CLSA downgraded shares of BHP Group from an “outperform” rating to an “underperform” rating in a research report on Tuesday, January 17th. UBS Group downgraded shares of BHP Group from a “neutral” rating to a “sell” rating in a research report on Tuesday, December 13th. JPMorgan Chase & Co. increased their target price on shares of BHP Group from GBX 2,450 ($29.90) to GBX 2,500 ($30.51) in a research report on Friday. Deutsche Bank Aktiengesellschaft increased their target price on shares of BHP Group from GBX 2,200 ($26.85) to GBX 2,300 ($28.07) in a research report on Tuesday, January 10th. Finally, StockNews.com raised shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 6th. Four analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, BHP Group presently has a consensus rating of “Hold” and a consensus target price of $1,901.52.

BHP Group Stock Performance

Shares of NYSE:BHP opened at $69.46 on Monday. The firm has a fifty day moving average price of $62.84 and a 200 day moving average price of $55.93. The company has a current ratio of 1.69, a quick ratio of 1.40 and a debt-to-equity ratio of 0.28. BHP Group Limited has a 1-year low of $46.92 and a 1-year high of $79.66.

BHP Group Profile

(Get Rating)

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.

Further Reading

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

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