Sei Investments Co. Reduces Stock Holdings in BHP Group Limited Sponsored ADR $BHP

Sei Investments Co. lowered its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 13.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,230 shares of the mining company’s stock after selling 11,216 shares during the quarter. Sei Investments Co.’s holdings in BHP Group were worth $5,254,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of BHP. Morgan Stanley grew its position in shares of BHP Group by 22.8% in the 4th quarter. Morgan Stanley now owns 13,800,183 shares of the mining company’s stock valued at $833,117,000 after buying an additional 2,562,747 shares during the last quarter. SIH Partners LLLP lifted its position in BHP Group by 937.5% in the third quarter. SIH Partners LLLP now owns 1,856,704 shares of the mining company’s stock valued at $103,511,000 after acquiring an additional 1,677,739 shares during the last quarter. Bank of Montreal Can lifted its position in BHP Group by 264.4% in the fourth quarter. Bank of Montreal Can now owns 1,358,585 shares of the mining company’s stock valued at $82,018,000 after acquiring an additional 985,794 shares during the last quarter. Bank of America Corp DE boosted its stake in BHP Group by 25.2% in the third quarter. Bank of America Corp DE now owns 3,465,421 shares of the mining company’s stock valued at $193,197,000 after acquiring an additional 697,316 shares in the last quarter. Finally, Main Street Research LLC acquired a new position in BHP Group in the first quarter valued at $37,767,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BHP. Bank of America cut their target price on BHP Group from $93.00 to $91.00 and set a “neutral” rating on the stock in a research report on Monday, June 22nd. Zacks Research downgraded BHP Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. The Goldman Sachs Group upgraded BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Citigroup reiterated a “neutral” rating on shares of BHP Group in a research note on Monday, June 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of BHP Group in a research note on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $78.00.

BHP Group Price Performance

NYSE BHP opened at $87.48 on Wednesday. The firm’s fifty day moving average is $84.87 and its two-hundred day moving average is $78.79. BHP Group Limited Sponsored ADR has a one year low of $51.13 and a one year high of $93.83. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.65.

BHP Group Company Profile

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.