LSV Asset Management Sells 13,505 Shares of BHP Group Limited Sponsored ADR $BHP

LSV Asset Management reduced its stake in BHP Group Limited Sponsored ADR (NYSE:BHP) by 17.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,595 shares of the mining company’s stock after selling 13,505 shares during the quarter. LSV Asset Management’s holdings in BHP Group were worth $3,960,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BHP. AQR Capital Management LLC lifted its stake in shares of BHP Group by 230.0% in the first quarter. AQR Capital Management LLC now owns 31,852 shares of the mining company’s stock worth $1,546,000 after acquiring an additional 22,201 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of BHP Group by 20.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,594 shares of the mining company’s stock worth $660,000 after acquiring an additional 2,331 shares during the period. Invesco Ltd. lifted its stake in shares of BHP Group by 99.6% in the second quarter. Invesco Ltd. now owns 12,506 shares of the mining company’s stock worth $601,000 after acquiring an additional 6,241 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of BHP Group by 173.7% in the second quarter. EverSource Wealth Advisors LLC now owns 3,774 shares of the mining company’s stock worth $182,000 after acquiring an additional 2,395 shares during the period. Finally, Guggenheim Capital LLC lifted its stake in shares of BHP Group by 13.0% in the second quarter. Guggenheim Capital LLC now owns 16,692 shares of the mining company’s stock worth $803,000 after acquiring an additional 1,917 shares during the period. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Price Performance

Shares of BHP opened at $86.60 on Wednesday. BHP Group Limited Sponsored ADR has a 52-week low of $45.74 and a 52-week high of $91.45. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.65 and a quick ratio of 1.28. The business’s 50 day moving average price is $77.91 and its two-hundred day moving average price is $69.53.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Zacks Research lowered BHP Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 20th. Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a research note on Monday, April 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a research note on Monday, April 20th. Sanford C. Bernstein cut their price objective on BHP Group from $49.50 to $48.00 and set a “market perform” rating on the stock in a research note on Monday, March 9th. Finally, Wall Street Zen raised BHP Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $62.33.

BHP Group Company 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.