BHP Group Limited Sponsored ADR $BHP Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 778.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 290,301 shares of the mining company’s stock after acquiring an additional 257,261 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in BHP Group were worth $18,511,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sound Income Strategies LLC raised its position in shares of BHP Group by 222.1% during the 4th quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock worth $27,000 after acquiring an additional 291 shares in the last quarter. JFS Wealth Advisors LLC raised its position in shares of BHP Group by 68.9% during the 3rd quarter. JFS Wealth Advisors LLC now owns 696 shares of the mining company’s stock worth $39,000 after acquiring an additional 284 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of BHP Group during the 4th quarter worth about $39,000. Ameriflex Group Inc. raised its position in shares of BHP Group by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 718 shares of the mining company’s stock worth $40,000 after acquiring an additional 359 shares in the last quarter. Finally, Cary Street Partners Financial LLC acquired a new stake in shares of BHP Group during the 3rd quarter worth about $43,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on BHP shares. Argus set a $95.00 target price on BHP Group in a research report on Monday, April 27th. The Goldman Sachs Group raised BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a research report on Monday, April 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BHP Group in a research report on Friday. Finally, Zacks Research lowered BHP Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $62.33.

BHP Group Stock Down 2.6%

Shares of BHP stock opened at $81.87 on Wednesday. The business’s 50 day moving average is $76.61 and its two-hundred day moving average is $68.51. BHP Group Limited Sponsored ADR has a twelve month low of $45.74 and a twelve month high of $91.45. The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.44.

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.