Keybank National Association OH Grows Stock Position in BHP Group Limited Sponsored ADR $BHP

Keybank National Association OH raised its position in BHP Group Limited Sponsored ADR (NYSE:BHP) by 35.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 23,623 shares of the mining company’s stock after acquiring an additional 6,208 shares during the period. Keybank National Association OH’s holdings in BHP Group were worth $1,718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Bayban bought a new position in shares of BHP Group during the 4th quarter worth $25,000. Sound Income Strategies LLC boosted its position in BHP Group by 222.1% during the fourth quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock worth $27,000 after purchasing an additional 291 shares during the period. Hilton Head Capital Partners LLC purchased a new position in shares of BHP Group in the fourth quarter worth about $26,000. Garton & Associates Financial Advisors LLC bought a new stake in shares of BHP Group in the fourth quarter valued at approximately $26,000. Finally, Eagle Bay Advisors LLC purchased a new stake in shares of BHP Group during the 4th quarter valued at approximately $39,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Stock Performance

Shares of BHP Group stock traded down $2.90 on Tuesday, hitting $80.74. 328,811 shares of the company traded hands, compared to its average volume of 3,471,840. BHP Group Limited Sponsored ADR has a 12-month low of $49.23 and a 12-month 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. The firm’s 50-day simple moving average is $85.09 and its 200 day simple moving average is $75.48.

Analyst Ratings Changes

BHP has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of BHP Group in a research report on Thursday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a report on Monday, April 20th. Sanford C. Bernstein lowered their price target on shares of BHP Group from $49.50 to $48.00 and set a “market perform” rating on the stock in a report on Monday, March 9th. Argus set a $95.00 target price on BHP Group in a research report on Monday, April 27th. Finally, Zacks Research raised BHP Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 23rd. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.50.

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.