BHP Group Limited (NYSE:BHP) Shares Sold by SVB Wealth LLC

SVB Wealth LLC cut its stake in BHP Group Limited (NYSE:BHP) by 1.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,837 shares of the mining company’s stock after selling 203 shares during the period. SVB Wealth LLC’s holdings in BHP Group were worth $741,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. 1832 Asset Management L.P. raised its holdings in BHP Group by 26.5% in the first quarter. 1832 Asset Management L.P. now owns 20,621 shares of the mining company’s stock valued at $1,190,000 after acquiring an additional 4,321 shares in the last quarter. Westwood Global Investments LLC raised its holdings in shares of BHP Group by 1.3% during the first quarter. Westwood Global Investments LLC now owns 1,168,988 shares of the mining company’s stock worth $67,439,000 after purchasing an additional 14,691 shares during the period. Stonebridge Capital Advisors LLC raised its holdings in shares of BHP Group by 5.3% during the first quarter. Stonebridge Capital Advisors LLC now owns 87,827 shares of the mining company’s stock worth $5,067,000 after purchasing an additional 4,436 shares during the period. Toronto Dominion Bank raised its holdings in shares of BHP Group by 62.6% during the first quarter. Toronto Dominion Bank now owns 4,115 shares of the mining company’s stock worth $237,000 after purchasing an additional 1,585 shares during the period. Finally, Capital International Investors raised its holdings in shares of BHP Group by 42.4% during the first quarter. Capital International Investors now owns 757,231 shares of the mining company’s stock worth $43,685,000 after purchasing an additional 225,428 shares during the period. 3.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BHP has been the topic of a number of research reports. Citigroup initiated coverage on shares of BHP Group in a report on Friday, May 31st. They set a “buy” rating on the stock. Barclays reissued an “equal weight” rating on shares of BHP Group in a report on Thursday, May 30th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $50.00.

BHP Group Trading Down 0.7 %

Shares of BHP Group stock traded down $0.38 during trading on Monday, hitting $55.01. 2,164,897 shares of the stock were exchanged, compared to its average volume of 2,420,032. The stock’s fifty day moving average is $57.85 and its 200 day moving average is $58.41. The company has a quick ratio of 1.22, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. BHP Group Limited has a 12 month low of $54.21 and a 12 month high of $69.11.

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