The Manufacturers Life Insurance Company Has $18.22 Million Stake in BHP Group Ltd (NYSE:BHP)

The Manufacturers Life Insurance Company lessened its holdings in shares of BHP Group Ltd (NYSE:BHP) by 2.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 333,339 shares of the mining company’s stock after selling 8,434 shares during the period. The Manufacturers Life Insurance Company’s holdings in BHP Group were worth $18,224,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of BHP. Synovus Financial Corp increased its position in shares of BHP Group by 10.1% in the 4th quarter. Synovus Financial Corp now owns 2,422 shares of the mining company’s stock valued at $117,000 after acquiring an additional 222 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in shares of BHP Group by 16.3% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,589 shares of the mining company’s stock valued at $77,000 after acquiring an additional 223 shares during the period. Signaturefd LLC increased its position in shares of BHP Group by 1.9% in the 1st quarter. Signaturefd LLC now owns 15,689 shares of the mining company’s stock valued at $858,000 after acquiring an additional 289 shares during the period. AlphaMark Advisors LLC increased its position in shares of BHP Group by 25.0% in the 1st quarter. AlphaMark Advisors LLC now owns 1,500 shares of the mining company’s stock valued at $72,000 after acquiring an additional 300 shares during the period. Finally, Godshalk Welsh Capital Management Inc. increased its position in shares of BHP Group by 8.5% in the 4th quarter. Godshalk Welsh Capital Management Inc. now owns 5,100 shares of the mining company’s stock valued at $246,000 after acquiring an additional 400 shares during the period. Hedge funds and other institutional investors own 3.59% of the company’s stock.

BHP has been the topic of several research reports. Goldman Sachs Group downgraded BHP Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 19th. Societe Generale downgraded BHP Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Zacks Investment Research downgraded BHP Group from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Citigroup downgraded BHP Group from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 1st. Finally, Macquarie reissued a “buy” rating on shares of BHP Group in a research report on Tuesday, March 26th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $64.00.

Shares of BHP opened at $54.97 on Friday. The stock has a market cap of $88.28 billion, a price-to-earnings ratio of 16.36, a P/E/G ratio of 2.70 and a beta of 0.75. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.16 and a current ratio of 2.55. BHP Group Ltd has a fifty-two week low of $43.19 and a fifty-two week high of $57.25.

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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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