Ritholtz Wealth Management Acquires 4,547 Shares of BHP Group (NYSE:BHP)

Ritholtz Wealth Management raised its holdings in shares of BHP Group (NYSE:BHP) by 59.0% in the first quarter, Holdings Channel.com reports. The firm owned 12,259 shares of the mining company’s stock after purchasing an additional 4,547 shares during the period. Ritholtz Wealth Management’s holdings in BHP Group were worth $851,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Freedman Financial Associates Inc. bought a new position in shares of BHP Group during the fourth quarter valued at approximately $25,000. Eudaimonia Partners LLC bought a new position in shares of BHP Group during the fourth quarter valued at approximately $25,000. Mcmillion Capital Management Inc. bought a new position in shares of BHP Group during the fourth quarter valued at approximately $26,000. SOA Wealth Advisors LLC. bought a new position in shares of BHP Group during the fourth quarter valued at approximately $26,000. Finally, Fort Pitt Capital Group LLC bought a new position in shares of BHP Group during the fourth quarter valued at approximately $27,000.

Shares of BHP stock opened at $75.25 on Friday. BHP Group has a 12-month low of $46.90 and a 12-month high of $82.07. The company has a quick ratio of 1.09, a current ratio of 1.42 and a debt-to-equity ratio of 0.36. The stock has a 50 day moving average of $74.49. The stock has a market capitalization of $120.85 billion, a PE ratio of 21.02, a P/E/G ratio of 2.75 and a beta of 0.92.

A number of research firms have recently commented on BHP. UBS Group cut shares of BHP Group from a “buy” rating to a “neutral” rating in a report on Tuesday, March 30th. BNP Paribas upgraded shares of BHP Group from an “underperform” rating to a “neutral” rating in a report on Friday, June 4th. BMO Capital Markets reiterated a “market perform” rating on shares of BHP Group in a report on Wednesday, February 17th. Exane BNP Paribas upgraded shares of BHP Group from an “underperform” rating to a “neutral” rating in a report on Friday, June 4th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of BHP Group to a “buy” rating and set a $2,200.00 price target on the stock in a report on Wednesday, May 26th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. BHP Group has an average rating of “Hold” and a consensus price target of $1,138.50.

BHP Group Profile

BHP Group engages in the natural resources business in Australia, Europe, China, Japan, India, South Korea, rest of Asia, North America, South America, and internationally. It operates through Petroleum, Copper, Iron Ore, and Coal segments. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.

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

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