Principal Financial Group Inc. Invests $3.77 Million in BHP Group Limited (NYSE:BHP)

Principal Financial Group Inc. purchased a new position in shares of BHP Group Limited (NYSE:BHP) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 65,266 shares of the mining company’s stock, valued at approximately $3,765,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in BHP. International Assets Investment Management LLC increased its position in BHP Group by 6,529.2% during the 4th quarter. International Assets Investment Management LLC now owns 464,771 shares of the mining company’s stock worth $31,749,000 after purchasing an additional 457,760 shares in the last quarter. Shorepath Capital Management LLC acquired a new position in BHP Group during the 4th quarter worth approximately $4,354,000. Moran Wealth Management LLC increased its position in BHP Group by 10.3% during the 4th quarter. Moran Wealth Management LLC now owns 449,667 shares of the mining company’s stock worth $30,717,000 after purchasing an additional 42,021 shares in the last quarter. Addenda Capital Inc. increased its position in BHP Group by 27.1% during the 1st quarter. Addenda Capital Inc. now owns 112,562 shares of the mining company’s stock worth $6,494,000 after purchasing an additional 23,968 shares in the last quarter. Finally, XY Capital Ltd increased its position in BHP Group by 422.1% during the 4th quarter. XY Capital Ltd now owns 127,566 shares of the mining company’s stock worth $8,714,000 after purchasing an additional 103,134 shares in the last quarter. Institutional investors own 3.79% of the company’s stock.

BHP Group Price Performance

BHP opened at $59.49 on Friday. BHP Group Limited has a twelve month low of $54.28 and a twelve month high of $69.11. The company has a current ratio of 1.57, a quick ratio of 1.22 and a debt-to-equity ratio of 0.43. The company has a fifty day moving average of $58.02 and a 200-day moving average of $59.60.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BHP shares. Barclays reiterated an “equal weight” rating on shares of BHP Group in a research report on Thursday, May 30th. Citigroup initiated coverage on shares of BHP Group in a research report on Friday, May 31st. They issued a “buy” rating for the company. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, BHP Group presently has an average rating of “Hold” and a consensus price target of $50.00.

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.