43,638 Shares in BHP Group Limited (NYSE:BHP) Bought by FNY Investment Advisers LLC

FNY Investment Advisers LLC purchased a new stake in BHP Group Limited (NYSE:BHP) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 43,638 shares of the mining company’s stock, valued at approximately $2,130,000. BHP Group comprises 1.1% of FNY Investment Advisers LLC’s holdings, making the stock its 23rd biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. Eastern Bank purchased a new position in shares of BHP Group in the 3rd quarter valued at approximately $26,000. Ashton Thomas Private Wealth LLC acquired a new position in BHP Group during the 2nd quarter valued at approximately $27,000. Sound Income Strategies LLC increased its stake 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 purchasing an additional 294 shares in the last quarter. Versant Capital Management Inc purchased a new position in shares of BHP Group in the fourth quarter worth $40,000. Finally, Farmers & Merchants Investments Inc. purchased a new stake in shares of BHP Group during the third quarter valued at $50,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Stock Up 1.5 %

Shares of BHP opened at $49.29 on Tuesday. The company has a market capitalization of $124.99 billion, a price-to-earnings ratio of 10.67 and a beta of 0.95. BHP Group Limited has a 52 week low of $48.06 and a 52 week high of $63.21. The stock’s 50-day moving average price is $51.40 and its 200-day moving average price is $54.41. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Jefferies Financial Group reduced their target price 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. Argus upgraded BHP Group to a “strong-buy” rating in a research note on Thursday, September 19th. StockNews.com upgraded BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Friday. Finally, Sanford C. Bernstein raised shares of BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, BHP Group has an average rating of “Moderate Buy” and a consensus target price 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.