BHP Group Limited (NYSE:BHP) Position Raised by Cerity Partners LLC

Cerity Partners LLC boosted its position in shares of BHP Group Limited (NYSE:BHP - Free Report) by 25.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,592 shares of the mining company's stock after purchasing an additional 17,191 shares during the period. Cerity Partners LLC's holdings in BHP Group were worth $5,257,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. XY Capital Ltd grew its stake in shares of BHP Group by 503.6% during the third quarter. XY Capital Ltd now owns 921,666 shares of the mining company's stock valued at $57,245,000 after acquiring an additional 768,972 shares in the last quarter. Ausbil Investment Management Ltd acquired a new position in shares of BHP Group in the 3rd quarter valued at approximately $2,360,000. Chartwell Investment Partners LLC purchased a new position in shares of BHP Group during the 3rd quarter valued at approximately $9,830,000. SG Americas Securities LLC grew its position in shares of BHP Group by 477.0% during the second quarter. SG Americas Securities LLC now owns 209,883 shares of the mining company's stock worth $11,982,000 after buying an additional 173,510 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of BHP Group by 269.6% in the second quarter. AQR Capital Management LLC now owns 28,358 shares of the mining company's stock worth $1,619,000 after buying an additional 20,685 shares during the last quarter. Hedge funds and other institutional investors own 3.79% of the company's stock.

BHP Group Price Performance

BHP traded up $0.85 on Friday, hitting $52.65. 1,361,516 shares of the company's stock were exchanged, compared to its average volume of 2,455,369. 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 stock has a fifty day moving average of $56.28 and a two-hundred day moving average of $56.21. BHP Group Limited has a twelve month low of $50.90 and a twelve month high of $69.11.

Analysts Set New Price Targets

BHP has been the subject of several recent analyst reports. Sanford C. Bernstein raised shares of BHP Group from a "market perform" rating to an "outperform" rating in a report on Monday, September 16th. Jefferies Financial Group downgraded BHP Group from a "buy" rating to a "hold" rating and decreased their price target for the stock from $72.00 to $68.00 in a research note on Friday, October 4th. StockNews.com upgraded BHP Group from a "buy" rating to a "strong-buy" rating in a research note on Tuesday. Finally, Argus upgraded BHP Group to a "strong-buy" rating in a research report on Thursday, September 19th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, BHP Group presently has an average rating of "Moderate Buy" and a consensus target price of $68.00.

About BHP Group

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.