Assetmark Inc. Buys 6,987 Shares of BHP Group Limited Sponsored ADR $BHP

Assetmark Inc. raised its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 262.9% in the first quarter, Holdings Channel reports. The institutional investor owned 9,645 shares of the mining company’s stock after buying an additional 6,987 shares during the quarter. Assetmark Inc.’s holdings in BHP Group were worth $702,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Morgan Stanley grew its stake in shares of BHP Group by 22.8% in the fourth quarter. Morgan Stanley now owns 13,800,183 shares of the mining company’s stock worth $833,117,000 after acquiring an additional 2,562,747 shares during the last quarter. SIH Partners LLLP raised its position in shares of 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 during the last quarter. Bank of Montreal Can raised its position in shares of 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 during the last quarter. Bank of America Corp DE raised its position in shares of 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 during the last quarter. Finally, Main Street Research LLC bought a new position in BHP Group in the 1st quarter worth about $37,767,000. 3.79% of the stock is owned by institutional investors.

BHP Group Stock Performance

BHP opened at $83.69 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.65. The company’s 50-day simple moving average is $84.83 and its two-hundred day simple moving average is $77.66. BHP Group Limited Sponsored ADR has a 52-week low of $49.68 and a 52-week high of $93.83.

Wall Street Analyst Weigh In

Several analysts recently commented on BHP shares. Wall Street Zen raised shares of BHP Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. Argus set a $95.00 target price on shares of BHP Group in a report on Monday, April 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of BHP Group in a research note on Friday, July 17th. Zacks Research cut shares of BHP Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Finally, The Goldman Sachs Group raised shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, BHP Group currently has a consensus rating of “Hold” and an average target price of $78.00.

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.