Brooklyn Investment Group Buys 1,733 Shares of BHP Group Limited (NYSE:BHP)

Brooklyn Investment Group lifted its position in BHP Group Limited (NYSE:BHP) by 743.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,966 shares of the mining company’s stock after purchasing an additional 1,733 shares during the period. Brooklyn Investment Group’s holdings in BHP Group were worth $96,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fisher Asset Management LLC increased its position in shares of BHP Group by 3.0% in the third quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company’s stock valued at $1,362,996,000 after acquiring an additional 633,290 shares during the period. Wellington Management Group LLP increased its holdings in BHP Group by 13.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock valued at $348,041,000 after purchasing an additional 642,765 shares during the period. Bank of Montreal Can raised its position in BHP Group by 532.2% during the 2nd quarter. Bank of Montreal Can now owns 2,353,268 shares of the mining company’s stock valued at $134,442,000 after purchasing an additional 1,981,008 shares during the last quarter. FMR LLC lifted its holdings in BHP Group by 10.0% in the 3rd quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock worth $89,092,000 after buying an additional 129,908 shares during the period. Finally, XY Capital Ltd grew its position in shares of BHP Group by 503.6% in the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock worth $57,245,000 after buying an additional 768,972 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Jefferies Financial Group dropped their price target on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research note on Monday, January 6th. StockNews.com cut shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $53.00.

BHP Group Stock Performance

BHP opened at $50.06 on Monday. BHP Group Limited has a 12-month low of $48.06 and a 12-month high of $63.21. 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 stock has a fifty day simple moving average of $50.87 and a two-hundred day simple moving average of $54.21.

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.