BHP Group Limited (NYSE:BHP) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in shares of BHP Group Limited (NYSE:BHP - Free Report) by 10.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 600,086 shares of the mining company's stock after buying an additional 55,095 shares during the period. JPMorgan Chase & Co.'s holdings in BHP Group were worth $37,271,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Franklin Resources Inc. raised its stake in shares of BHP Group by 17.4% during the third quarter. Franklin Resources Inc. now owns 316,454 shares of the mining company's stock valued at $18,807,000 after purchasing an additional 46,791 shares during the period. Peapack Gladstone Financial Corp increased its stake in BHP Group by 13.0% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 59,502 shares of the mining company's stock worth $3,695,000 after buying an additional 6,863 shares during the period. Synovus Financial Corp increased its stake in BHP Group by 18.7% during the 3rd quarter. Synovus Financial Corp now owns 7,423 shares of the mining company's stock worth $461,000 after buying an additional 1,168 shares during the period. Tidal Investments LLC boosted its position in BHP Group by 21.8% in the 3rd quarter. Tidal Investments LLC now owns 141,455 shares of the mining company's stock valued at $8,786,000 after buying an additional 25,342 shares during the last quarter. Finally, Optimist Retirement Group LLC lifted its stake in shares of BHP Group by 16.3% in the third quarter. Optimist Retirement Group LLC now owns 38,823 shares of the mining company's stock worth $2,411,000 after acquiring an additional 5,432 shares in the last quarter. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BHP has been the topic of a number of recent analyst reports. Argus upgraded shares of BHP Group to a "strong-buy" rating in a research note on Thursday, September 19th. Sanford C. Bernstein upgraded BHP Group from a "market perform" rating to an "outperform" rating in a research report on Monday, September 16th. StockNews.com raised shares of BHP Group from a "buy" rating to a "strong-buy" rating in a report on Tuesday, November 26th. Finally, Jefferies Financial Group dropped their price objective on shares of BHP Group from $57.00 to $53.00 and set a "hold" rating on the stock in a research note on Monday. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $53.00.

BHP Group Stock Performance

BHP Group stock traded down $0.27 during mid-day trading on Tuesday, hitting $48.22. 1,800,067 shares of the company's stock traded hands, compared to its average volume of 2,541,617. 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 one year low of $48.10 and a one year high of $66.13. The firm has a 50 day moving average price of $52.14 and a 200 day moving average price of $54.69. The company has a market cap of $122.27 billion, a PE ratio of 10.44 and a beta of 0.95.

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.