The Manufacturers Life Insurance Company Increases Holdings in BHP Group Limited Sponsored ADR $BHP

The Manufacturers Life Insurance Company increased its position in BHP Group Limited Sponsored ADR (NYSE:BHP) by 36.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 113,707 shares of the mining company’s stock after purchasing an additional 30,294 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in BHP Group were worth $8,271,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Morgan Stanley lifted its holdings 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 worth $833,117,000 after buying an additional 2,562,747 shares during the period. SIH Partners LLLP increased its stake in shares of BHP Group by 937.5% during the third quarter. SIH Partners LLLP now owns 1,856,704 shares of the mining company’s stock valued at $103,511,000 after buying an additional 1,677,739 shares during the period. Bank of Montreal Can raised its holdings in shares of 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 in the last quarter. Bank of America Corp DE raised its holdings in shares of 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 bought a new stake in shares of BHP Group in the first quarter valued at about $37,767,000. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Zacks Research cut shares of BHP Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a research report on Friday, July 17th. Wall Street Zen lowered shares of BHP Group from a “buy” rating to a “hold” rating in a report on Saturday. The Goldman Sachs Group upgraded shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of BHP Group in a report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $78.00.

BHP Group Trading Up 4.8%

Shares of BHP stock opened at $87.48 on Wednesday. BHP Group Limited Sponsored ADR has a 1-year low of $51.13 and a 1-year high of $93.83. The stock’s 50-day moving average is $84.87 and its 200 day moving average is $78.79. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.44.

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.