The Manufacturers Life Insurance Company Has $12.96 Million Position in BHP Group Limited (NYSE:BHP)

The Manufacturers Life Insurance Company trimmed its holdings in BHP Group Limited (NYSE:BHP - Free Report) by 9.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 208,608 shares of the mining company's stock after selling 22,587 shares during the quarter. The Manufacturers Life Insurance Company's holdings in BHP Group were worth $12,957,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Douglass Winthrop Advisors LLC bought a new position in BHP Group in the 3rd quarter valued at $217,000. Fisher Asset Management LLC boosted its holdings in BHP Group by 3.0% in the third quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company's stock valued at $1,362,996,000 after acquiring an additional 633,290 shares during the last quarter. SevenBridge Financial Group LLC increased its position in BHP Group by 9.1% in the third quarter. SevenBridge Financial Group LLC now owns 17,132 shares of the mining company's stock worth $1,064,000 after purchasing an additional 1,436 shares during the period. Larson Financial Group LLC raised its holdings in BHP Group by 594.2% during the 3rd quarter. Larson Financial Group LLC now owns 2,874 shares of the mining company's stock worth $179,000 after purchasing an additional 2,460 shares during the last quarter. Finally, Kingsview Wealth Management LLC lifted its position in BHP Group by 32.5% during the 3rd quarter. Kingsview Wealth Management LLC now owns 13,051 shares of the mining company's stock valued at $811,000 after purchasing an additional 3,201 shares during the period. 3.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BHP has been the subject of a number of recent research reports. Jefferies Financial Group downgraded shares of BHP Group from a "buy" rating to a "hold" rating and dropped their price target for the stock from $72.00 to $68.00 in a research note on Friday, October 4th. 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 upgraded BHP Group from a "market perform" rating to an "outperform" rating in a research report on Monday, September 16th. Finally, Argus upgraded BHP Group to a "strong-buy" rating in a report on Thursday, September 19th. Three equities research 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $68.00.

BHP Group Stock Up 1.0 %

Shares of BHP Group stock traded up $0.53 during midday trading on Tuesday, hitting $53.38. 1,021,199 shares of the company traded hands, compared to its average volume of 2,448,403. 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 12 month low of $50.90 and a 12 month high of $69.11. The firm's fifty day moving average price is $56.28 and its 200-day moving average price is $56.17.

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.