JPMorgan Chase & Co. Acquires 55,095 Shares of BHP Group Limited (NYSE:BHP)

JPMorgan Chase & Co. increased its holdings in shares of BHP Group Limited (NYSE:BHP) by 10.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 600,086 shares of the mining company’s stock after acquiring an additional 55,095 shares during the period. JPMorgan Chase & Co.’s holdings in BHP Group were worth $37,271,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. 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. Eastern Bank purchased a new stake in shares of BHP Group in the third quarter worth $26,000. Ashton Thomas Private Wealth LLC bought a new position in shares of BHP Group during the second quarter valued at $27,000. Sound Income Strategies LLC raised its position in shares of BHP Group by 124.6% in the 3rd quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock worth $33,000 after purchasing an additional 294 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in BHP Group in the 2nd quarter worth about $47,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

BHP has been the subject of several recent analyst reports. Argus raised shares of BHP Group to a “strong-buy” rating in a report on Thursday, September 19th. Sanford C. Bernstein raised BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 26th. Finally, Jefferies Financial Group lowered their price target on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a report on Monday. Three analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $53.00.

BHP Group Stock Down 0.7 %

BHP opened at $48.49 on Tuesday. BHP Group Limited has a 1-year low of $48.43 and a 1-year high of $66.13. The firm’s 50 day simple moving average is $52.14 and its two-hundred day simple moving average is $54.69. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $122.96 billion, a PE ratio of 10.50 and a beta of 0.95.

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.