BHP Group Ltd (BHP) Shares Bought by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC boosted its position in BHP Group Ltd (NYSE:BHP) by 16.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 10,363 shares of the mining company’s stock after acquiring an additional 1,452 shares during the quarter. Checchi Capital Advisers LLC’s holdings in BHP Group were worth $567,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of BHP. We Are One Seven LLC purchased a new position in shares of BHP Group in the 4th quarter worth approximately $32,000. Berman Capital Advisors LLC purchased a new position in shares of BHP Group in the 4th quarter worth approximately $33,000. Sontag Advisory LLC purchased a new position in shares of BHP Group in the 4th quarter worth approximately $37,000. Massey Quick Simon & CO. LLC purchased a new stake in shares of BHP Group during the first quarter worth $38,000. Finally, Doyle Wealth Management purchased a new stake in shares of BHP Group during the fourth quarter worth $39,000. 3.90% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on the company. Zacks Investment Research upgraded BHP Group from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Tuesday, March 26th. Macquarie restated a “buy” rating on shares of BHP Group in a research report on Tuesday, March 26th. UBS Group downgraded BHP Group from a “buy” rating to a “neutral” rating in a research report on Monday, April 22nd. Citigroup downgraded BHP Group from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 1st. Finally, Goldman Sachs Group downgraded BHP Group from a “buy” rating to a “neutral” rating in a research report on Monday, February 11th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $64.00.

NYSE:BHP opened at $51.28 on Friday. The firm has a market cap of $83.13 billion, a price-to-earnings ratio of 15.26, a P/E/G ratio of 2.63 and a beta of 0.77. BHP Group Ltd has a 1 year low of $43.19 and a 1 year high of $57.25. The company has a current ratio of 2.55, a quick ratio of 2.16 and a debt-to-equity ratio of 0.43.

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About BHP Group

BHP Group discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.

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Institutional Ownership by Quarter for BHP Group (NYSE:BHP)

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