BHP Group Limited Sponsored ADR $BHP Stake Lifted by CIBC Asset Management Inc

CIBC Asset Management Inc boosted its stake in BHP Group Limited Sponsored ADR (NYSE:BHP) by 306.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,115 shares of the mining company’s stock after buying an additional 22,714 shares during the period. CIBC Asset Management Inc’s holdings in BHP Group were worth $1,818,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in BHP. SIH Partners LLLP grew its position in shares of BHP Group by 937.5% during the third quarter. SIH Partners LLLP now owns 1,856,704 shares of the mining company’s stock worth $103,511,000 after acquiring an additional 1,677,739 shares during the last quarter. Bank of America Corp DE lifted 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 valued at $193,197,000 after purchasing an additional 697,316 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in BHP Group during the 3rd quarter valued at about $27,234,000. Connor Clark & Lunn Investment Management Ltd. grew its position in BHP Group by 1,769.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 464,133 shares of the mining company’s stock worth $25,875,000 after purchasing an additional 439,304 shares during the last quarter. Finally, Norges Bank bought a new position in BHP Group in the 4th quarter worth about $25,436,000. 3.79% of the stock is currently owned by institutional investors.

BHP Group Price Performance

Shares of NYSE:BHP opened at $83.73 on Tuesday. The company has a 50 day moving average of $81.47 and a 200-day moving average of $71.62. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.44. BHP Group Limited Sponsored ADR has a twelve month low of $45.74 and a twelve month high of $93.70.

Wall Street Analyst Weigh In

BHP has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BHP Group in a report on Friday, May 15th. The Goldman Sachs Group upgraded BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Bank of America downgraded BHP Group from a “buy” rating to a “neutral” rating in a research note on Friday, May 22nd. Citigroup reiterated a “neutral” rating on shares of BHP Group in a research report on Monday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, BHP Group currently has a consensus rating of “Hold” and a consensus 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.