First Citizens Bank & Trust Co. Raises Stake in BHP Group Limited (NYSE:BHP)

First Citizens Bank & Trust Co. raised its holdings in BHP Group Limited (NYSE:BHP) by 10.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,273 shares of the mining company’s stock after acquiring an additional 395 shares during the period. First Citizens Bank & Trust Co.’s holdings in BHP Group were worth $209,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Sei Investments Co. grew its holdings in BHP Group by 3.4% during the second quarter. Sei Investments Co. now owns 94,442 shares of the mining company’s stock worth $5,392,000 after acquiring an additional 3,129 shares during the period. AQR Capital Management LLC boosted its position in BHP Group by 269.6% in the 2nd quarter. AQR Capital Management LLC now owns 28,358 shares of the mining company’s stock worth $1,619,000 after purchasing an additional 20,685 shares in the last quarter. Creative Planning grew its stake in shares of BHP Group by 18.6% during the 2nd quarter. Creative Planning now owns 152,943 shares of the mining company’s stock worth $8,732,000 after purchasing an additional 23,965 shares during the period. NewEdge Advisors LLC increased its holdings in shares of BHP Group by 70.3% during the 2nd quarter. NewEdge Advisors LLC now owns 74,424 shares of the mining company’s stock valued at $4,249,000 after purchasing an additional 30,714 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its stake in shares of BHP Group by 79.4% in the 2nd quarter. Sunbelt Securities Inc. now owns 3,830 shares of the mining company’s stock valued at $219,000 after purchasing an additional 1,695 shares during the period. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Price Performance

NYSE:BHP opened at $48.72 on Wednesday. The stock has a 50 day moving average of $50.54 and a two-hundred day moving average of $53.79. BHP Group Limited has a 12 month low of $48.06 and a 12 month high of $63.21. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BHP. StockNews.com cut shares of BHP Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 18th. Jefferies Financial Group cut their price objective on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $53.00.

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.