Bank of Montreal Can Cuts Stake in BHP Group Limited (NYSE:BHP)

Bank of Montreal Can lessened its stake in shares of BHP Group Limited (NYSE:BHP) by 36.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,495,933 shares of the mining company’s stock after selling 857,335 shares during the quarter. Bank of Montreal Can’s holdings in BHP Group were worth $92,763,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of BHP. Russell Investments Group Ltd. grew its position in BHP Group by 10.7% in the first quarter. Russell Investments Group Ltd. now owns 2,934 shares of the mining company’s stock valued at $169,000 after acquiring an additional 284 shares in the last quarter. Toronto Dominion Bank lifted its holdings in BHP Group by 62.6% in the 1st quarter. Toronto Dominion Bank now owns 4,115 shares of the mining company’s stock worth $237,000 after buying an additional 1,585 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its position in BHP Group by 46.1% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 5,120 shares of the mining company’s stock valued at $291,000 after buying an additional 1,616 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of BHP Group during the first quarter valued at about $1,953,000. Finally, Raelipskie Partnership lifted its stake in shares of BHP Group by 15.5% in the first quarter. Raelipskie Partnership now owns 15,977 shares of the mining company’s stock worth $922,000 after acquiring an additional 2,147 shares in the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BHP. Sanford C. Bernstein upgraded BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. Argus raised shares of BHP Group to a “strong-buy” rating in a report on Thursday, September 19th. Jefferies Financial Group lowered shares of BHP Group from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $72.00 to $68.00 in a research note on Friday, October 4th. Finally, StockNews.com upgraded BHP Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Three equities research 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.00.

BHP Group Trading Down 2.4 %

NYSE BHP opened at $51.19 on Wednesday. The company’s 50 day simple moving average is $56.39 and its 200 day simple moving average is $56.30. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. BHP Group Limited has a 12 month low of $50.90 and a 12 month high of $69.11.

BHP Group 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.