Bessemer Group Inc. Sells 643 Shares of BHP Group Limited Sponsored ADR (NYSE:BHP)

Bessemer Group Inc. reduced its holdings in BHP Group Limited Sponsored ADR (NYSE:BHP) by 8.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 6,624 shares of the mining company’s stock after selling 643 shares during the quarter. Bessemer Group Inc.’s holdings in BHP Group were worth $321,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Sowell Financial Services LLC purchased a new position in shares of BHP Group in the 1st quarter valued at approximately $280,000. Deutsche Bank AG lifted its stake in shares of BHP Group by 160.0% in the 4th quarter. Deutsche Bank AG now owns 1,950 shares of the mining company’s stock valued at $95,000 after purchasing an additional 1,200 shares during the period. Oppenheimer & Co. Inc. lifted its stake in shares of BHP Group by 9.4% in the 1st quarter. Oppenheimer & Co. Inc. now owns 27,124 shares of the mining company’s stock valued at $1,317,000 after purchasing an additional 2,333 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in shares of BHP Group by 15.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,382 shares of the mining company’s stock valued at $702,000 after purchasing an additional 1,959 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of BHP Group by 0.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 73,080 shares of the mining company’s stock valued at $3,547,000 after purchasing an additional 521 shares during the period. 3.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on BHP. Sanford C. Bernstein cut BHP Group from an “outperform” rating to a “market perform” rating in a research note on Monday, May 19th. Argus cut BHP Group from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $53.00.

BHP Group Stock Up 4.1%

Shares of NYSE:BHP opened at $50.67 on Thursday. The stock has a fifty day simple moving average of $48.97 and a two-hundred day simple moving average of $48.89. The stock has a market capitalization of $128.49 billion, a price-to-earnings ratio of 11.52 and a beta of 0.80. BHP Group Limited Sponsored ADR has a 12-month low of $39.73 and a 12-month high of $63.21. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40.

BHP Group Profile

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.