BHP Group Limited (NYSE:BHP) Shares Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC increased its holdings in BHP Group Limited (NYSE:BHP) by 32.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,051 shares of the mining company’s stock after acquiring an additional 3,201 shares during the quarter. Kingsview Wealth Management LLC’s holdings in BHP Group were worth $811,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of BHP. Eastern Bank acquired a new stake in shares of BHP Group during the third quarter worth approximately $26,000. Asset Dedication LLC increased its holdings in BHP Group by 7,516.7% in the second quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock valued at $26,000 after buying an additional 451 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in BHP Group in the second quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in BHP Group during the 2nd quarter worth approximately $27,000. Finally, Sound Income Strategies LLC grew 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 acquiring an additional 294 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analysts Set New Price Targets

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

BHP Group Stock Performance

BHP Group stock opened at $51.80 on Thursday. The company’s 50-day moving average price is $56.37 and its two-hundred day moving average price is $56.27. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. BHP Group Limited has a 52 week low of $50.90 and a 52 week 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.