BHP Group Limited (NYSE:BHP) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lessened its holdings in shares of BHP Group Limited (NYSE:BHP - Free Report) by 36.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,495,933 shares of the mining company's stock after selling 857,335 shares during the period. Bank of Montreal Can owned 0.06% of BHP Group worth $92,763,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BHP. Asset Dedication LLC grew its position in shares of BHP Group by 7,516.7% in the second quarter. Asset Dedication LLC now owns 457 shares of the mining company's stock valued at $26,000 after purchasing an additional 451 shares in the last quarter. Eastern Bank acquired a new position in BHP Group during the third quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in BHP Group in the 2nd quarter valued at $27,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of BHP Group in the 2nd quarter worth $27,000. Finally, Sound Income Strategies LLC raised its holdings in shares of BHP Group by 124.6% during the 3rd quarter. Sound Income Strategies LLC now owns 530 shares of the mining company's stock worth $33,000 after acquiring an additional 294 shares during the period. Hedge funds and other institutional investors own 3.79% of the company's stock.

Wall Street Analyst Weigh In

BHP has been the subject of a number of 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. Argus raised shares of BHP Group to a "strong-buy" rating in a research note on Thursday, September 19th. StockNews.com raised shares of BHP Group from a "buy" rating to a "strong-buy" rating in a research report on Tuesday. Finally, Jefferies Financial Group lowered BHP Group from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $72.00 to $68.00 in a research report on Friday, October 4th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $68.00.

BHP Group Stock Performance

Shares of BHP traded up $0.50 during trading on Wednesday, reaching $51.69. 118,484 shares of the company traded hands, compared to its average volume of 2,448,088. The stock has a 50-day simple moving average of $56.39 and a 200-day simple moving average of $56.30. BHP Group Limited has a twelve month low of $50.90 and a twelve month high of $69.11. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29.

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.