Janney Montgomery Scott LLC Sells 22,189 Shares of BHP Group Limited Sponsored ADR $BHP

Janney Montgomery Scott LLC cut its holdings in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 9.5% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 210,867 shares of the mining company’s stock after selling 22,189 shares during the quarter. Janney Montgomery Scott LLC’s holdings in BHP Group were worth $15,338,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BHP. Bayban purchased a new stake in BHP Group in the fourth quarter worth $25,000. Sound Income Strategies LLC boosted its holdings in BHP Group by 222.1% in the fourth quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock valued at $27,000 after acquiring an additional 291 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new position in BHP Group during the 4th quarter valued at $26,000. Garton & Associates Financial Advisors LLC purchased a new position in BHP Group during the 4th quarter valued at $26,000. Finally, Eagle Bay Advisors LLC bought a new position in BHP Group in the 4th quarter worth $39,000. Institutional investors own 3.79% of the company’s stock.

Analyst Ratings Changes

BHP has been the subject of several research analyst reports. Argus set a $95.00 target price on shares of BHP Group in a research report on Monday, April 27th. DZ Bank upgraded shares of BHP Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Sanford C. Bernstein decreased their price target on shares of BHP Group from $49.50 to $48.00 and set a “market perform” rating for the company in a research note on Monday, March 9th. Berenberg Bank upgraded shares of BHP Group from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. Finally, Wall Street Zen raised BHP Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $69.50.

BHP Group Price Performance

BHP Group stock opened at $82.26 on Thursday. BHP Group Limited Sponsored ADR has a 12 month low of $49.07 and a 12 month high of $93.83. The business’s fifty day simple moving average is $84.92 and its two-hundred day simple moving average is $75.15. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.65 and a quick ratio of 1.28.

BHP Group Profile

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.