JPMorgan Chase & Co. Grows Holdings in BHP Group Limited (NYSE:BHP)

JPMorgan Chase & Co. raised its holdings in shares of BHP Group Limited (NYSE:BHP) by 10.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 600,086 shares of the mining company’s stock after acquiring an additional 55,095 shares during the quarter. JPMorgan Chase & Co.’s holdings in BHP Group were worth $37,271,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Asset Dedication LLC increased its holdings in BHP Group by 7,516.7% in the 2nd quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock valued at $26,000 after acquiring an additional 451 shares during the last quarter. Eastern Bank bought a new stake in BHP Group during the third quarter worth approximately $26,000. Ashton Thomas Private Wealth LLC purchased a new stake in BHP Group during the second quarter valued at approximately $27,000. Sound Income Strategies LLC raised its holdings in BHP Group by 124.6% during the 3rd quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock valued at $33,000 after buying an additional 294 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in BHP Group in the second quarter worth $47,000. Institutional investors own 3.79% of the company’s stock.

BHP Group Price Performance

Shares of BHP opened at $48.49 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. The company has a 50 day moving average price of $52.14 and a 200-day moving average price of $54.69. BHP Group Limited has a fifty-two week low of $48.43 and a fifty-two week high of $66.13. The stock has a market capitalization of $122.96 billion, a PE ratio of 10.50 and a beta of 0.95.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Argus raised shares of BHP Group to a “strong-buy” rating in a research note on Thursday, September 19th. StockNews.com upgraded shares of BHP Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 26th. Jefferies Financial Group decreased their price objective on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a report on Monday. Finally, Sanford C. Bernstein raised shares of BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $53.00.

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, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.