Bank of Montreal Can decreased its stake in BHP Group Limited (NYSE:BHP – Get Rating) by 58.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 357,615 shares of the mining company's stock after selling 493,665 shares during the period. Bank of Montreal Can's holdings in BHP Group were worth $21,028,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of BHP. Integrated Advisors Network LLC purchased a new stake in shares of BHP Group in the first quarter worth about $234,000. Atria Investments LLC purchased a new position in BHP Group in the first quarter valued at about $1,081,000. National Asset Management Inc. boosted its holdings in BHP Group by 31.0% in the first quarter. National Asset Management Inc. now owns 13,464 shares of the mining company's stock valued at $1,041,000 after purchasing an additional 3,189 shares during the last quarter. Sterling Investment Advisors Ltd. purchased a new position in BHP Group in the first quarter valued at about $54,000. Finally, Mount Yale Investment Advisors LLC purchased a new position in BHP Group in the first quarter valued at about $731,000. Hedge funds and other institutional investors own 6.53% of the company's stock.

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BHP Group Price Performance

BHP opened at $58.74 on Monday. The business has a fifty day simple moving average of $51.51 and a 200-day simple moving average of $55.75. BHP Group Limited has a fifty-two week low of $46.92 and a fifty-two week high of $79.66. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.40.

Analysts Set New Price Targets

A number of research analysts recently commented on BHP shares. JPMorgan Chase & Co. increased their price target on BHP Group from GBX 2,310 ($27.14) to GBX 2,330 ($27.38) in a report on Thursday, October 20th. Barclays increased their price target on BHP Group from GBX 2,200 ($25.85) to GBX 2,250 ($26.44) in a report on Friday, October 21st. Deutsche Bank Aktiengesellschaft reduced their price target on BHP Group from GBX 2,200 ($25.85) to GBX 2,100 ($24.68) in a report on Wednesday, October 5th. Credit Suisse Group upped their price objective on BHP Group from GBX 2,200 ($25.85) to GBX 2,300 ($27.03) in a research note on Wednesday, August 17th. Finally, StockNews.com upgraded BHP Group from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, November 15th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $1,904.11.

BHP Group Company Profile

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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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.

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