Ritholtz Wealth Management Buys 6,673 Shares of BHP Group Limited (NYSE:BHP)

Ritholtz Wealth Management boosted its position in BHP Group Limited (NYSE:BHP) by 10.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 68,330 shares of the mining company’s stock after acquiring an additional 6,673 shares during the quarter. Ritholtz Wealth Management’s holdings in BHP Group were worth $3,337,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bleakley Financial Group LLC lifted its stake in BHP Group by 4.1% in the third quarter. Bleakley Financial Group LLC now owns 5,101 shares of the mining company’s stock valued at $317,000 after purchasing an additional 203 shares during the last quarter. Huntington National Bank raised its stake in shares of BHP Group by 17.5% in the third quarter. Huntington National Bank now owns 1,365 shares of the mining company’s stock valued at $85,000 after buying an additional 203 shares during the period. Essex Savings Bank lifted its position in shares of BHP Group by 3.0% during the 4th quarter. Essex Savings Bank now owns 7,483 shares of the mining company’s stock valued at $365,000 after buying an additional 219 shares during the last quarter. Pinnacle West Asset Management Inc. grew its stake in shares of BHP Group by 2.8% during the 3rd quarter. Pinnacle West Asset Management Inc. now owns 8,150 shares of the mining company’s stock worth $506,000 after acquiring an additional 225 shares during the period. Finally, First Horizon Advisors Inc. increased its holdings in BHP Group by 4.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 6,012 shares of the mining company’s stock worth $373,000 after acquiring an additional 263 shares during the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BHP has been the topic of several recent research reports. Jefferies Financial Group dropped their price objective on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a report on Monday, January 6th. StockNews.com downgraded shares of BHP Group from a “strong-buy” rating to a “buy” rating in a report on Saturday. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $53.00.

BHP Group Trading Up 1.0 %

Shares of BHP opened at $50.06 on Friday. BHP Group Limited has a 52-week low of $48.06 and a 52-week high of $63.21. The stock’s 50-day simple moving average is $50.97 and its 200 day simple moving average is $54.29. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29.

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.