Larson Financial Group LLC Buys 2,460 Shares of BHP Group Limited (NYSE:BHP)

Larson Financial Group LLC grew its holdings in BHP Group Limited (NYSE:BHP) by 594.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,874 shares of the mining company’s stock after purchasing an additional 2,460 shares during the period. Larson Financial Group LLC’s holdings in BHP Group were worth $179,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Kingsview Wealth Management LLC increased its stake in BHP Group by 32.5% in the third quarter. Kingsview Wealth Management LLC now owns 13,051 shares of the mining company’s stock worth $811,000 after purchasing an additional 3,201 shares during the period. Cerity Partners LLC increased its stake in BHP Group by 25.5% in the third quarter. Cerity Partners LLC now owns 84,592 shares of the mining company’s stock worth $5,257,000 after purchasing an additional 17,191 shares during the period. Meridian Wealth Management LLC purchased a new stake in BHP Group in the third quarter worth $294,000. Charles Schwab Investment Management Inc. increased its stake in BHP Group by 17.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 153,170 shares of the mining company’s stock worth $9,513,000 after purchasing an additional 22,677 shares during the period. Finally, Moran Wealth Management LLC increased its stake in BHP Group by 0.3% in the third quarter. Moran Wealth Management LLC now owns 458,591 shares of the mining company’s stock worth $28,483,000 after purchasing an additional 1,238 shares during the period. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in 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 upgraded BHP Group to a “strong-buy” rating in a research note on Thursday, September 19th. Jefferies Financial Group lowered BHP Group from a “buy” rating to a “hold” rating and cut their price target for the company 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 analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, BHP Group currently has an average rating of “Moderate Buy” and a consensus target price of $68.00.

BHP Group Trading Up 1.2 %

Shares of BHP stock opened at $51.80 on Thursday. BHP Group Limited has a 1-year low of $50.90 and a 1-year high of $69.11. The stock’s 50-day moving average is $56.37 and its 200 day moving average is $56.27. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38.

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.