National Bank of Canada FI Has $8.55 Million Position in BHP Group Limited (NYSE:BHP)

National Bank of Canada FI lifted its holdings in shares of BHP Group Limited (NYSE:BHP - Free Report) by 11.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 137,678 shares of the mining company's stock after acquiring an additional 13,807 shares during the period. National Bank of Canada FI's holdings in BHP Group were worth $8,551,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Asset Dedication LLC raised its stake 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 acquiring an additional 451 shares during the last quarter. Eastern Bank bought a new position in BHP Group in the 3rd quarter valued at $26,000. Ashton Thomas Private Wealth LLC acquired a new position in BHP Group in the second quarter worth $27,000. Sound Income Strategies LLC grew 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 worth $33,000 after purchasing an additional 294 shares during the last quarter. Finally, Addison Advisors LLC grew its holdings in BHP Group by 1,187.0% during the 2nd quarter. Addison Advisors LLC now owns 592 shares of the mining company's stock worth $34,000 after acquiring an additional 546 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BHP. Argus raised BHP Group to a "strong-buy" rating in a report on Thursday, September 19th. Jefferies Financial Group downgraded 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 research report on Friday, October 4th. Sanford C. Bernstein upgraded BHP Group from a "market perform" rating to an "outperform" rating in a research report on Monday, September 16th. Finally, StockNews.com upgraded shares of BHP Group from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, November 26th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $68.00.

BHP Group Stock Down 2.1 %

NYSE BHP traded down $1.11 on Thursday, reaching $52.45. The company had a trading volume of 1,732,875 shares, compared to its average volume of 2,440,952. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. BHP Group Limited has a 52 week low of $50.90 and a 52 week high of $69.11. The stock's 50 day moving average is $55.15 and its 200-day moving average is $55.78.

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.