Russell Investments Group Ltd. Grows Stake in BHP Group Limited (NYSE:BHP)

Russell Investments Group Ltd. increased its holdings in BHP Group Limited (NYSE:BHP) by 127.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,650 shares of the mining company’s stock after buying an additional 1,485 shares during the period. Russell Investments Group Ltd.’s holdings in BHP Group were worth $181,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Truist Financial Corp lifted its stake in BHP Group by 3.2% during the fourth quarter. Truist Financial Corp now owns 97,593 shares of the mining company’s stock worth $6,667,000 after purchasing an additional 3,056 shares during the last quarter. Callan Capital LLC purchased a new position in BHP Group during the 4th quarter valued at about $444,000. Syon Capital LLC boosted its position in shares of BHP Group by 14.0% in the 4th quarter. Syon Capital LLC now owns 43,024 shares of the mining company’s stock worth $2,939,000 after purchasing an additional 5,279 shares in the last quarter. Lyell Wealth Management LP grew its stake in shares of BHP Group by 6.9% in the fourth quarter. Lyell Wealth Management LP now owns 59,761 shares of the mining company’s stock worth $4,082,000 after acquiring an additional 3,882 shares during the last quarter. Finally, Yousif Capital Management LLC increased its stake in BHP Group by 7.1% during the 4th quarter. Yousif Capital Management LLC now owns 44,596 shares of the mining company’s stock valued at $3,046,000 after purchasing an additional 2,940 shares in the last quarter. Institutional investors own 3.79% of the company’s stock.

BHP Group Stock Performance

Shares of BHP opened at $58.75 on Friday. BHP Group Limited has a fifty-two week low of $54.28 and a fifty-two week high of $69.11. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.22 and a current ratio of 1.57. The company’s fifty day moving average is $57.98 and its 200 day moving average is $60.32.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on BHP shares. Liberum Capital restated a “hold” rating on shares of BHP Group in a report on Tuesday, March 5th. Citigroup raised shares of BHP Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 14th. Finally, StockNews.com cut shares of BHP Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $50.00.

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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.