First Citizens Bank & Trust Co. Grows Stake in BHP Group Limited (NYSE:BHP)

First Citizens Bank & Trust Co. raised its stake in shares of BHP Group Limited (NYSE:BHP) by 10.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,273 shares of the mining company’s stock after purchasing an additional 395 shares during the period. First Citizens Bank & Trust Co.’s holdings in BHP Group were worth $209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Crossmark Global Holdings Inc. lifted its position in BHP Group by 8.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 166,840 shares of the mining company’s stock worth $8,147,000 after buying an additional 12,566 shares during the last quarter. Royal Fund Management LLC lifted its holdings in shares of BHP Group by 7.2% in the 4th quarter. Royal Fund Management LLC now owns 18,844 shares of the mining company’s stock worth $921,000 after acquiring an additional 1,261 shares during the last quarter. Ballentine Partners LLC boosted its stake in shares of BHP Group by 85.3% during the 4th quarter. Ballentine Partners LLC now owns 13,815 shares of the mining company’s stock worth $675,000 after purchasing an additional 6,359 shares during the period. Strong Tower Advisory Services grew its holdings in BHP Group by 8.5% during the 4th quarter. Strong Tower Advisory Services now owns 33,321 shares of the mining company’s stock valued at $1,627,000 after purchasing an additional 2,601 shares during the last quarter. Finally, J2 Capital Management Inc purchased a new stake in BHP Group in the 4th quarter worth about $223,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Analyst Upgrades and Downgrades

BHP has been the topic of a number of analyst reports. Jefferies Financial Group cut their target price on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 18th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.

BHP Group Stock Performance

BHP opened at $48.72 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. The business’s fifty day simple moving average is $50.54 and its 200-day simple moving average is $53.79. BHP Group Limited has a 12-month low of $48.06 and a 12-month high of $63.21.

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.