BHP Group Limited (NYSE:BHP) Shares Bought by Ballentine Partners LLC

Ballentine Partners LLC boosted its holdings in BHP Group Limited (NYSE:BHP - Free Report) by 85.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,815 shares of the mining company's stock after buying an additional 6,359 shares during the quarter. Ballentine Partners LLC's holdings in BHP Group were worth $675,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Barclays PLC grew its position in shares of BHP Group by 93.7% in the 3rd quarter. Barclays PLC now owns 226,083 shares of the mining company's stock valued at $14,042,000 after buying an additional 109,337 shares during the last quarter. FMR LLC boosted its stake in BHP Group by 10.0% in the third quarter. FMR LLC now owns 1,434,417 shares of the mining company's stock valued at $89,092,000 after acquiring an additional 129,908 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of BHP Group by 10.1% during the third quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company's stock worth $37,271,000 after purchasing an additional 55,095 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of BHP Group by 17.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 153,170 shares of the mining company's stock worth $9,513,000 after purchasing an additional 22,677 shares in the last quarter. Finally, XY Capital Ltd lifted its holdings in shares of BHP Group by 503.6% in the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company's stock valued at $57,245,000 after purchasing an additional 768,972 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Stock Performance

Shares of BHP stock traded up $0.42 during midday trading on Thursday, hitting $49.49. The company had a trading volume of 2,488,796 shares, compared to its average volume of 2,583,763. The stock has a market cap of $125.49 billion, a price-to-earnings ratio of 11.12 and a beta of 0.95. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. The company's 50 day simple moving average is $50.68 and its 200 day simple moving average is $54.01. BHP Group Limited has a 52-week low of $48.06 and a 52-week high of $63.21.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BHP. Jefferies Financial Group decreased their price objective on BHP Group from $57.00 to $53.00 and set a "hold" rating for the company in a report on Monday, January 6th. StockNews.com cut shares of BHP Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, January 18th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $53.00.

BHP Group Profile

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.