Virtu Financial LLC Makes New Investment in BHP Group Limited Sponsored ADR $BHP

Virtu Financial LLC bought a new position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,191 shares of the mining company’s stock, valued at approximately $615,000.

Several other hedge funds have also modified their holdings of BHP. Sound Income Strategies LLC raised its position in BHP Group by 222.1% in the 4th quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock worth $27,000 after purchasing an additional 291 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new position in BHP Group during the 4th quarter worth $26,000. Garton & Associates Financial Advisors LLC bought a new position in BHP Group in the 4th quarter valued at $26,000. Eagle Bay Advisors LLC bought a new position in BHP Group in the 4th quarter valued at $39,000. Finally, JFS Wealth Advisors LLC increased its stake in shares of BHP Group by 68.9% in the 3rd quarter. JFS Wealth Advisors LLC now owns 696 shares of the mining company’s stock valued at $39,000 after buying an additional 284 shares during the period. 3.79% of the stock is owned by institutional investors.

BHP Group Stock Performance

BHP stock opened at $85.71 on Tuesday. The business’s fifty day moving average is $84.53 and its 200-day moving average is $74.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.65 and a quick ratio of 1.28. BHP Group Limited Sponsored ADR has a twelve month low of $45.74 and a twelve month high of $93.83.

Wall Street Analysts Forecast Growth

BHP has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of BHP Group in a research report on Friday, May 15th. Wall Street Zen lowered BHP Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Bank of America dropped their price objective on BHP Group from $93.00 to $91.00 and set a “neutral” rating for the company in a report on Monday. Citigroup restated a “neutral” rating on shares of BHP Group in a research report on Monday, June 8th. Finally, Sanford C. Bernstein reduced their target price on shares of 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. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $69.50.

BHP Group 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.