Charles Schwab Investment Management Inc. Acquires 22,677 Shares of BHP Group Limited (NYSE:BHP)

Charles Schwab Investment Management Inc. increased its holdings in BHP Group Limited (NYSE:BHP) by 17.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 153,170 shares of the mining company’s stock after buying an additional 22,677 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in BHP Group were worth $9,513,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in BHP. Bank of Montreal Can lifted its position in BHP Group by 532.2% during the second quarter. Bank of Montreal Can now owns 2,353,268 shares of the mining company’s stock valued at $134,442,000 after purchasing an additional 1,981,008 shares in the last quarter. XY Capital Ltd lifted its position in shares of BHP Group by 503.6% during the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock valued at $57,245,000 after buying an additional 768,972 shares in the last quarter. Mediolanum International Funds Ltd purchased a new position in shares of BHP Group during the 3rd quarter valued at about $33,458,000. International Assets Investment Management LLC grew its stake in shares of BHP Group by 6,281.5% during the 3rd quarter. International Assets Investment Management LLC now owns 444,664 shares of the mining company’s stock valued at $276,180,000 after acquiring an additional 437,696 shares during the period. Finally, Pathway Financial Advisers LLC increased its holdings in BHP Group by 5,577.6% in the 3rd quarter. Pathway Financial Advisers LLC now owns 263,666 shares of the mining company’s stock worth $16,376,000 after acquiring an additional 259,022 shares in the last quarter. 3.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BHP shares. Argus raised shares of BHP Group to a “strong-buy” rating in a research note on Thursday, September 19th. StockNews.com upgraded BHP Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Jefferies Financial Group downgraded BHP Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $72.00 to $68.00 in a research report on Friday, October 4th. Finally, Sanford C. Bernstein upgraded BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, BHP Group has an average rating of “Moderate Buy” and an average target price of $68.00.

BHP Group Trading Up 4.6 %

BHP Group stock opened at $53.76 on Tuesday. BHP Group Limited has a 12-month low of $50.90 and a 12-month high of $69.11. The firm has a 50-day moving average price of $55.50 and a 200-day moving average price of $55.84. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70.

BHP Group Company 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.