Allspring Global Investments Holdings LLC Has $1.88 Million Stake in BHP Group Limited Sponsored ADR $BHP

Allspring Global Investments Holdings LLC lifted its position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 34.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,811 shares of the mining company’s stock after buying an additional 6,674 shares during the period. Allspring Global Investments Holdings LLC’s holdings in BHP Group were worth $1,879,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Bayban bought a new stake in BHP Group during the 4th quarter worth about $25,000. Whipplewood Advisors LLC increased its position in shares of BHP Group by 8,320.0% in the first quarter. Whipplewood Advisors LLC now owns 421 shares of the mining company’s stock valued at $31,000 after acquiring an additional 416 shares during the last quarter. Sound Income Strategies LLC increased its position in shares of 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 during the last quarter. Hilton Head Capital Partners LLC bought a new stake in BHP Group during the fourth quarter worth about $26,000. Finally, Garton & Associates Financial Advisors LLC bought a new stake in BHP Group during the fourth quarter worth about $26,000. 3.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on BHP. Bank of America dropped their price target on shares of BHP Group from $93.00 to $91.00 and set a “neutral” rating on the stock in a research report on Monday, June 22nd. DZ Bank upgraded shares of BHP Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Wall Street Zen raised shares of BHP Group from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Citigroup reiterated a “neutral” rating on shares of BHP Group in a research note on Monday, June 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, BHP Group presently has a consensus rating of “Hold” and an average price target of $78.00.

BHP Group Stock Up 0.0%

NYSE:BHP opened at $83.69 on Friday. The stock has a 50 day simple moving average of $84.83 and a 200 day simple moving average of $77.66. BHP Group Limited Sponsored ADR has a 1-year low of $49.68 and a 1-year high of $93.83. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.65 and a quick ratio of 1.28.

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.