Stifel Financial Corp Has $13 Million Stake in BHP Group Limited (NYSE:BHP)

Stifel Financial Corp reduced its stake in shares of BHP Group Limited (NYSE:BHP - Free Report) by 6.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 209,292 shares of the mining company's stock after selling 14,840 shares during the period. Stifel Financial Corp's holdings in BHP Group were worth $12,999,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BHP. Fisher Asset Management LLC increased its stake in shares of BHP Group by 3.0% during the 3rd quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company's stock worth $1,362,996,000 after purchasing an additional 633,290 shares during the last quarter. Bank of Montreal Can boosted its holdings in BHP Group by 532.2% in the second quarter. Bank of Montreal Can now owns 2,353,268 shares of the mining company's stock worth $134,442,000 after purchasing an additional 1,981,008 shares in the last quarter. FMR LLC increased its position in BHP Group by 10.0% during the third quarter. FMR LLC now owns 1,434,417 shares of the mining company's stock worth $89,092,000 after buying an additional 129,908 shares during the last quarter. Westwood Global Investments LLC raised its holdings in BHP Group by 4.4% during the second quarter. Westwood Global Investments LLC now owns 1,220,251 shares of the mining company's stock valued at $69,664,000 after buying an additional 51,263 shares in the last quarter. Finally, XY Capital Ltd lifted its position in shares of BHP Group by 503.6% in the third quarter. XY Capital Ltd now owns 921,666 shares of the mining company's stock worth $57,245,000 after buying an additional 768,972 shares during the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BHP. Argus raised 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, November 26th. Sanford C. Bernstein raised shares of BHP Group from a "market perform" rating to an "outperform" rating in a report on Monday, September 16th. Finally, Jefferies Financial Group downgraded shares of BHP Group from a "buy" rating to a "hold" rating and dropped their target price for the stock from $72.00 to $68.00 in a 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $68.00.

BHP Group Stock Up 0.3 %

Shares of NYSE:BHP traded up $0.17 on Wednesday, hitting $53.57. The stock had a trading volume of 1,200,173 shares, compared to its average volume of 2,442,352. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. BHP Group Limited has a twelve month low of $50.90 and a twelve month high of $69.11. The firm's 50 day moving average price is $55.32 and its 200-day moving average price is $55.80.

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.