Sumitomo Mitsui Trust Group Inc. Purchases 1,627 Shares of BHP Group Limited Sponsored ADR (NYSE:BHP)

Sumitomo Mitsui Trust Group Inc. boosted its position in BHP Group Limited Sponsored ADR (NYSE:BHP) by 1.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 90,361 shares of the mining company’s stock after acquiring an additional 1,627 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in BHP Group were worth $4,386,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of BHP. Northern Trust Corp raised its position in shares of BHP Group by 58.5% in the fourth quarter. Northern Trust Corp now owns 2,294,562 shares of the mining company’s stock valued at $112,043,000 after purchasing an additional 846,963 shares during the period. Balyasny Asset Management L.P. raised its holdings in BHP Group by 1,898.9% during the 4th quarter. Balyasny Asset Management L.P. now owns 707,405 shares of the mining company’s stock valued at $34,543,000 after acquiring an additional 672,016 shares during the period. Raymond James Financial Inc. bought a new stake in BHP Group during the 4th quarter valued at $25,878,000. Norges Bank bought a new stake in shares of BHP Group during the 4th quarter valued at $20,574,000. Finally, SPX Gestao de Recursos Ltda bought a new stake in shares of BHP Group during the 4th quarter valued at $9,323,000. Institutional investors own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BHP. Argus lowered BHP Group from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. Sanford C. Bernstein cut BHP Group from an “outperform” rating to a “market perform” rating in a research report on Monday, May 19th. Three 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

BHP Group Trading Down 0.6%

BHP Group stock opened at $50.42 on Friday. The stock has a market cap of $127.85 billion, a P/E ratio of 11.46 and a beta of 0.80. BHP Group Limited Sponsored ADR has a fifty-two week low of $39.73 and a fifty-two week high of $63.21. The firm’s fifty day moving average price is $49.04 and its 200-day moving average price is $48.88. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70.

BHP Group Company 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.