Baader Bank Aktiengesellschaft lifted its position in BHP Group Limited (NYSE:BHP – Free Report) by 25.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,785 shares of the mining company’s stock after buying an additional 1,970 shares during the period. Baader Bank Aktiengesellschaft’s holdings in BHP Group were worth $477,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in shares of BHP Group by 269.6% during the second quarter. AQR Capital Management LLC now owns 28,358 shares of the mining company’s stock worth $1,619,000 after acquiring an additional 20,685 shares in the last quarter. Creative Planning raised its stake in shares of BHP Group by 18.6% in the 2nd quarter. Creative Planning now owns 152,943 shares of the mining company’s stock valued at $8,732,000 after purchasing an additional 23,965 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of BHP Group by 70.3% in the second 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. Sunbelt Securities Inc. boosted its position in shares of BHP Group by 79.4% during the second quarter. Sunbelt Securities Inc. now owns 3,830 shares of the mining company’s stock worth $219,000 after buying an additional 1,695 shares during the period. Finally, Cetera Investment Advisers grew its holdings in shares of BHP Group by 2.1% during the second quarter. Cetera Investment Advisers now owns 55,676 shares of the mining company’s stock worth $3,179,000 after buying an additional 1,137 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. StockNews.com downgraded BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Friday. Jefferies Financial Group decreased their target price on shares of 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 issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $53.00.
BHP Group Trading Up 2.0 %
Shares of BHP Group stock opened at $49.75 on Friday. The stock has a market cap of $126.14 billion, a P/E ratio of 11.15 and a beta of 0.95. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. BHP Group Limited has a 12-month low of $48.06 and a 12-month high of $63.21. The business’s 50 day moving average is $50.39 and its 200-day moving average is $53.68.
BHP Group 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.
Recommended Stories
- Five stocks we like better than BHP Group
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- How Growth Investors Find High-Growth Stocks and Maximize Returns
- Trading Stocks: RSI and Why it’s Useful
- Meta’s AI & Smart Glasses Could Drive 20%+ Upside in 2025
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- NVIDIA’s Slide Continues: Can Retail Investors Stop the Fall?
Want to see what other hedge funds are holding BHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BHP Group Limited (NYSE:BHP – Free Report).
Receive News & Ratings for BHP Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BHP Group and related companies with MarketBeat.com's FREE daily email newsletter.