LSV Asset Management Has $3.96 Million Holdings in BHP Group Limited Sponsored ADR $BHP

LSV Asset Management cut its holdings in BHP Group Limited Sponsored ADR (NYSE:BHP) by 17.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 65,595 shares of the mining company’s stock after selling 13,505 shares during the quarter. LSV Asset Management’s holdings in BHP Group were worth $3,960,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of BHP. AQR Capital Management LLC increased its holdings in shares of BHP Group by 230.0% during the first quarter. AQR Capital Management LLC now owns 31,852 shares of the mining company’s stock valued at $1,546,000 after acquiring an additional 22,201 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of BHP Group by 20.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,594 shares of the mining company’s stock valued at $660,000 after acquiring an additional 2,331 shares in the last quarter. Invesco Ltd. increased its holdings in shares of BHP Group by 99.6% during the second quarter. Invesco Ltd. now owns 12,506 shares of the mining company’s stock valued at $601,000 after acquiring an additional 6,241 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of BHP Group by 173.7% during the second quarter. EverSource Wealth Advisors LLC now owns 3,774 shares of the mining company’s stock valued at $182,000 after acquiring an additional 2,395 shares in the last quarter. Finally, Guggenheim Capital LLC increased its holdings in shares of BHP Group by 13.0% during the second quarter. Guggenheim Capital LLC now owns 16,692 shares of the mining company’s stock valued at $803,000 after acquiring an additional 1,917 shares in the last quarter. Institutional investors own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Sanford C. Bernstein decreased their price objective on BHP Group from $49.50 to $48.00 and set a “market perform” rating for the company in a report on Monday, March 9th. The Goldman Sachs Group upgraded BHP Group from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Argus set a $95.00 price objective on BHP Group in a report on Monday, April 27th. Weiss Ratings restated a “hold (c)” rating on shares of BHP Group in a report on Monday, April 20th. Finally, Wall Street Zen upgraded BHP Group from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $62.33.

BHP Group Stock Performance

Shares of BHP Group stock opened at $86.60 on Wednesday. The stock has a fifty day simple moving average of $77.91 and a 200 day simple moving average of $69.53. BHP Group Limited Sponsored ADR has a 12-month low of $45.74 and a 12-month high of $91.45. The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.44.

About BHP Group

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.