Keybank National Association OH Buys 6,208 Shares of BHP Group Limited Sponsored ADR $BHP

Keybank National Association OH grew its position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 35.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,623 shares of the mining company’s stock after acquiring an additional 6,208 shares during the quarter. Keybank National Association OH’s holdings in BHP Group were worth $1,718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in BHP. Morgan Stanley lifted its position in shares of BHP Group by 22.8% during the fourth quarter. Morgan Stanley now owns 13,800,183 shares of the mining company’s stock valued at $833,117,000 after purchasing an additional 2,562,747 shares in the last quarter. SIH Partners LLLP grew its position in BHP Group by 937.5% in the 3rd quarter. SIH Partners LLLP now owns 1,856,704 shares of the mining company’s stock worth $103,511,000 after purchasing an additional 1,677,739 shares in the last quarter. Bank of Montreal Can grew its position in BHP Group by 264.4% in the 4th quarter. Bank of Montreal Can now owns 1,358,585 shares of the mining company’s stock worth $82,018,000 after purchasing an additional 985,794 shares in the last quarter. Bank of America Corp DE grew its position in BHP Group by 25.2% in the 3rd quarter. Bank of America Corp DE now owns 3,465,421 shares of the mining company’s stock worth $193,197,000 after purchasing an additional 697,316 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in BHP Group in the 3rd quarter valued at about $27,234,000. Institutional investors own 3.79% of the company’s stock.

BHP Group Trading Down 3.5%

BHP stock traded down $2.90 during mid-day trading on Tuesday, hitting $80.74. The company had a trading volume of 328,811 shares, compared to its average volume of 3,471,840. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.65. BHP Group Limited Sponsored ADR has a 12 month low of $49.23 and a 12 month high of $93.83. The stock’s fifty day moving average price is $85.09 and its two-hundred day moving average price is $75.48.

Analyst Upgrades and Downgrades

BHP has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a research report on Monday, April 20th. Berenberg Bank raised BHP Group from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a research report on Monday, June 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of BHP Group in a report on Thursday. Finally, Wall Street Zen raised BHP Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, BHP Group presently has an average rating of “Moderate Buy” and a consensus target price of $69.50.

About BHP Group

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.