Janney Montgomery Scott LLC Has $908,000 Stake in BHP Group Ltd (BHP)

Janney Montgomery Scott LLC trimmed its stake in BHP Group Ltd (NYSE:BHP) by 1.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,606 shares of the mining company’s stock after selling 234 shares during the period. Janney Montgomery Scott LLC’s holdings in BHP Group were worth $908,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. We Are One Seven LLC bought a new position in shares of BHP Group during the 4th quarter valued at about $32,000. Berman Capital Advisors LLC bought a new position in shares of BHP Group during the 4th quarter valued at about $33,000. Sontag Advisory LLC bought a new position in shares of BHP Group during the 4th quarter valued at about $37,000. Massey Quick Simon & CO. LLC bought a new position in shares of BHP Group during the 1st quarter valued at about $38,000. Finally, Doyle Wealth Management bought a new position in shares of BHP Group during the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 3.81% of the company’s stock.

Shares of NYSE:BHP opened at $52.07 on Monday. The company has a quick ratio of 2.16, a current ratio of 2.55 and a debt-to-equity ratio of 0.43. BHP Group Ltd has a 12 month low of $43.19 and a 12 month high of $57.25. The stock has a market capitalization of $83.62 billion, a P/E ratio of 15.50, a price-to-earnings-growth ratio of 2.61 and a beta of 0.77.

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

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BHP Group Company Profile

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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