Newbridge Financial Services Group Inc. Takes Position in BHP Group Limited (NYSE:BHP)

Newbridge Financial Services Group Inc. acquired a new position in BHP Group Limited (NYSE:BHP) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,109 shares of the mining company’s stock, valued at approximately $54,000.

Other institutional investors have also recently made changes to their positions in the company. Entropy Technologies LP acquired a new stake in BHP Group during the 4th quarter worth about $800,000. Kingsview Wealth Management LLC grew its holdings in BHP Group by 7.3% during the fourth quarter. Kingsview Wealth Management LLC now owns 14,000 shares of the mining company’s stock worth $684,000 after acquiring an additional 949 shares during the period. Redwood Wealth Management Group LLC raised its position in BHP Group by 6.7% during the fourth quarter. Redwood Wealth Management Group LLC now owns 5,324 shares of the mining company’s stock valued at $260,000 after acquiring an additional 335 shares in the last quarter. Burford Brothers Inc. raised its position in BHP Group by 3.6% during the fourth quarter. Burford Brothers Inc. now owns 9,926 shares of the mining company’s stock valued at $485,000 after acquiring an additional 341 shares in the last quarter. Finally, Caprock Group LLC lifted its holdings in BHP Group by 7.3% in the fourth quarter. Caprock Group LLC now owns 32,553 shares of the mining company’s stock valued at $1,590,000 after acquiring an additional 2,223 shares during the period. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Price Performance

Shares of BHP stock opened at $50.82 on Tuesday. BHP Group Limited has a 1-year low of $48.06 and a 1-year high of $63.21. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. The stock has a 50 day simple moving average of $50.08 and a 200-day simple moving average of $53.35.

Analyst Ratings Changes

A number of brokerages have recently commented on BHP. 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 research note on Monday, January 6th. StockNews.com lowered shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $53.00.

About BHP Group

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.