BHP Group Limited (NYSE:BHP) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lessened its position in shares of BHP Group Limited (NYSE:BHP) by 36.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,495,933 shares of the mining company’s stock after selling 857,335 shares during the quarter. Bank of Montreal Can owned approximately 0.06% of BHP Group worth $92,763,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in BHP. Fisher Asset Management LLC increased its stake in shares of BHP Group by 3.0% during the 3rd quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company’s stock worth $1,362,996,000 after purchasing an additional 633,290 shares in the last quarter. Westwood Global Investments LLC increased its position in BHP Group by 4.4% during the second quarter. Westwood Global Investments LLC now owns 1,220,251 shares of the mining company’s stock worth $69,664,000 after buying an additional 51,263 shares in the last quarter. XY Capital Ltd raised its holdings in shares of BHP Group by 503.6% in the third quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock worth $57,245,000 after acquiring an additional 768,972 shares during the last quarter. American Century Companies Inc. lifted its position in shares of BHP Group by 6.1% in the second quarter. American Century Companies Inc. now owns 549,394 shares of the mining company’s stock valued at $31,365,000 after acquiring an additional 31,442 shares in the last quarter. Finally, Mediolanum International Funds Ltd acquired a new stake in shares of BHP Group during the third quarter valued at $33,458,000. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Price Performance

BHP Group stock opened at $51.19 on Wednesday. BHP Group Limited has a 12 month low of $50.90 and a 12 month high of $69.11. 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 stock’s 50-day moving average is $56.39 and its 200-day moving average is $56.30.

Analyst Upgrades and Downgrades

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

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.