Barclays PLC Acquires 109,337 Shares of BHP Group Limited (NYSE:BHP)

Barclays PLC increased its holdings in BHP Group Limited (NYSE:BHP) by 93.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 226,083 shares of the mining company’s stock after acquiring an additional 109,337 shares during the quarter. Barclays PLC’s holdings in BHP Group were worth $14,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Eastern Bank bought a new position in shares of BHP Group during the third quarter valued at approximately $26,000. Asset Dedication LLC grew its stake in shares of BHP Group by 7,516.7% in the 2nd quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock worth $26,000 after buying an additional 451 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in BHP Group during the 2nd quarter valued at approximately $27,000. Sound Income Strategies LLC raised its stake in BHP Group by 124.6% during the third quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock valued at $33,000 after buying an additional 294 shares during the last quarter. Finally, Addison Advisors LLC boosted its holdings in BHP Group by 1,187.0% in the second quarter. Addison Advisors LLC now owns 592 shares of the mining company’s stock worth $34,000 after acquiring an additional 546 shares in the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

BHP Group Price Performance

NYSE BHP opened at $51.67 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. The company has a market capitalization of $131.02 billion, a price-to-earnings ratio of 11.18 and a beta of 0.95. The stock has a 50-day moving average of $54.80 and a 200 day moving average of $55.65. BHP Group Limited has a one year low of $50.90 and a one year high of $69.11.

Analysts Set New Price Targets

BHP has been the subject of several analyst reports. Sanford C. Bernstein upgraded BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. Jefferies Financial Group cut shares of BHP Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $72.00 to $68.00 in a report on Friday, October 4th. StockNews.com upgraded shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Finally, Argus raised shares of BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $68.00.

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.