FNY Investment Advisers LLC Makes New $2.13 Million Investment in BHP Group Limited (NYSE:BHP)

FNY Investment Advisers LLC acquired a new position in BHP Group Limited (NYSE:BHP - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 43,638 shares of the mining company's stock, valued at approximately $2,130,000. BHP Group accounts for 1.1% of FNY Investment Advisers LLC's investment portfolio, making the stock its 23rd largest position.

Other institutional investors have also added to or reduced their stakes in the company. Eastern Bank purchased a new position in shares of BHP Group during the 3rd quarter valued at about $26,000. Ashton Thomas Private Wealth LLC purchased a new position in BHP Group during the second quarter valued at approximately $27,000. Sound Income Strategies LLC boosted its position in shares of BHP Group by 124.6% in the third quarter. Sound Income Strategies LLC now owns 530 shares of the mining company's stock worth $33,000 after purchasing an additional 294 shares during the period. Versant Capital Management Inc purchased a new stake in shares of BHP Group in the fourth quarter worth $40,000. Finally, Farmers & Merchants Investments Inc. bought a new stake in shares of BHP Group during the 3rd quarter valued at $50,000. 3.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BHP. Jefferies Financial Group dropped their target price on shares of BHP Group from $57.00 to $53.00 and set a "hold" rating for the company in a report on Monday, January 6th. Argus raised BHP Group to a "strong-buy" rating in a research note on Thursday, September 19th. Sanford C. Bernstein raised BHP Group from a "market perform" rating to an "outperform" rating in a research note on Monday, September 16th. Finally, StockNews.com upgraded BHP Group from a "buy" rating to a "strong-buy" rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, BHP Group currently has an average rating of "Moderate Buy" and a consensus target price of $53.00.

BHP Group Price Performance

NYSE:BHP traded up $0.36 during trading hours on Tuesday, reaching $49.66. The stock had a trading volume of 1,635,950 shares, compared to its average volume of 2,314,794. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. The stock has a market capitalization of $125.93 billion, a PE ratio of 10.75 and a beta of 0.95. BHP Group Limited has a 52 week low of $48.06 and a 52 week high of $63.21. The company has a 50 day moving average price of $51.26 and a two-hundred day moving average price of $54.35.

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.