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

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

A number of other institutional investors and hedge funds also recently bought and sold shares of BHP. Sound Income Strategies LLC boosted 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 valued at $27,000 after purchasing an additional 291 shares in the last quarter. JFS Wealth Advisors LLC lifted its stake in BHP Group by 68.9% during the third quarter. JFS Wealth Advisors LLC now owns 696 shares of the mining company’s stock valued at $39,000 after purchasing an additional 284 shares during the last quarter. Eagle Bay Advisors LLC bought a new stake in BHP Group during the fourth quarter worth approximately $39,000. Ameriflex Group Inc. boosted its holdings in BHP Group by 100.0% during the third quarter. Ameriflex Group Inc. now owns 718 shares of the mining company’s stock worth $40,000 after buying an additional 359 shares in the last quarter. Finally, Cary Street Partners Financial LLC acquired a new position in BHP Group in the third quarter worth approximately $43,000. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Stock Up 1.2%

NYSE:BHP opened at $83.73 on Tuesday. The business’s fifty day moving average price is $81.47 and its 200 day moving average price is $71.62. 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 1-year low of $45.74 and a 1-year high of $93.70.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a report on Monday. Bank of America cut BHP Group from a “buy” rating to a “neutral” rating in a report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BHP Group in a report on Friday, May 15th. Zacks Research lowered BHP Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. Finally, The Goldman Sachs Group raised BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.