Gleason Group Inc. Buys 280 Shares of BHP Group Limited (NYSE:BHP)

Gleason Group Inc. grew its stake in BHP Group Limited (NYSE:BHP) by 2.0% during the 1st quarter, HoldingsChannel reports. The firm owned 14,435 shares of the mining company’s stock after acquiring an additional 280 shares during the quarter. Gleason Group Inc.’s holdings in BHP Group were worth $701,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Deutsche Bank AG grew its stake in shares of BHP Group by 160.0% in the 4th quarter. Deutsche Bank AG now owns 1,950 shares of the mining company’s stock valued at $95,000 after purchasing an additional 1,200 shares during the period. Principal Securities Inc. grew its position in BHP Group by 15.4% during the 4th quarter. Principal Securities Inc. now owns 7,809 shares of the mining company’s stock worth $381,000 after acquiring an additional 1,043 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in BHP Group by 15.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,382 shares of the mining company’s stock worth $702,000 after acquiring an additional 1,959 shares during the last quarter. Rhumbline Advisers grew its position in BHP Group by 3.4% during the 4th quarter. Rhumbline Advisers now owns 18,846 shares of the mining company’s stock worth $920,000 after acquiring an additional 628 shares during the last quarter. Finally, Pacific Heights Asset Management LLC grew its position in BHP Group by 56.3% during the 4th quarter. Pacific Heights Asset Management LLC now owns 250,000 shares of the mining company’s stock worth $12,208,000 after acquiring an additional 90,000 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors.

BHP Group Stock Down 0.5%

NYSE:BHP opened at $49.57 on Friday. The stock’s fifty day moving average price is $47.73 and its two-hundred day moving average price is $49.38. BHP Group Limited has a 52-week low of $39.73 and a 52-week high of $63.21. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. The company has a market cap of $125.70 billion, a price-to-earnings ratio of 11.27 and a beta of 0.82.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on BHP shares. Sanford C. Bernstein lowered BHP Group from an “outperform” rating to a “market perform” rating in a research report on Monday, May 19th. Clarkson Capital upgraded BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. Finally, Wall Street Zen lowered BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target 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.