Charles Schwab Investment Management Inc. Has $9.51 Million Holdings in BHP Group Limited (NYSE:BHP)

Charles Schwab Investment Management Inc. increased its position in shares of BHP Group Limited (NYSE:BHP - Free Report) by 17.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 153,170 shares of the mining company's stock after purchasing an additional 22,677 shares during the period. Charles Schwab Investment Management Inc.'s holdings in BHP Group were worth $9,513,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Asset Dedication LLC raised its holdings in shares of BHP Group by 7,516.7% in the 2nd quarter. Asset Dedication LLC now owns 457 shares of the mining company's stock worth $26,000 after buying an additional 451 shares in the last quarter. Eastern Bank bought a new stake in BHP Group in the third quarter valued at $26,000. Ashton Thomas Private Wealth LLC acquired a new position in BHP Group during the second quarter worth $27,000. Sound Income Strategies LLC lifted its holdings in shares of BHP Group by 124.6% during the third quarter. Sound Income Strategies LLC now owns 530 shares of the mining company's stock valued at $33,000 after acquiring an additional 294 shares during the period. Finally, Addison Advisors LLC boosted its stake in shares of BHP Group by 1,187.0% in the 2nd quarter. Addison Advisors LLC now owns 592 shares of the mining company's stock valued at $34,000 after purchasing an additional 546 shares in the last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Stock Performance

NYSE:BHP traded down $0.38 during trading hours on Tuesday, hitting $53.37. 1,481,561 shares of the stock were exchanged, compared to its average volume of 2,445,981. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. The company's 50 day moving average is $55.50 and its two-hundred day moving average is $55.84. BHP Group Limited has a twelve month low of $50.90 and a twelve month high of $69.11.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Sanford C. Bernstein upgraded shares of BHP Group from a "market perform" rating to an "outperform" rating in a research report on Monday, September 16th. Jefferies Financial Group cut shares of BHP Group from a "buy" rating to a "hold" rating and cut their target price for the company 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 report on Tuesday, November 26th. 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 assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $68.00.

BHP Group Company 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.