BHP Group PLC (BBL) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in shares of BHP Group PLC (NYSE:BBL) by 693.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 680,358 shares of the mining company’s stock after acquiring an additional 594,605 shares during the period. JPMorgan Chase & Co. owned approximately 0.06% of BHP Group worth $29,922,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of BBL. Fisher Asset Management LLC raised its position in shares of BHP Group by 9.1% in the third quarter. Fisher Asset Management LLC now owns 4,518,469 shares of the mining company’s stock valued at $198,722,000 after buying an additional 375,570 shares in the last quarter. Polaris Capital Management LLC raised its position in shares of BHP Group by 8.2% in the third quarter. Polaris Capital Management LLC now owns 4,648,534 shares of the mining company’s stock valued at $204,443,000 after buying an additional 353,046 shares in the last quarter. Trexquant Investment LP raised its position in shares of BHP Group by 910.8% in the third quarter. Trexquant Investment LP now owns 71,798 shares of the mining company’s stock valued at $3,158,000 after buying an additional 64,695 shares in the last quarter. BlackRock Inc. raised its position in shares of BHP Group by 16.9% in the second quarter. BlackRock Inc. now owns 441,703 shares of the mining company’s stock valued at $19,855,000 after buying an additional 63,982 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of BHP Group by 16.6% in the third quarter. Canada Pension Plan Investment Board now owns 338,100 shares of the mining company’s stock valued at $14,870,000 after buying an additional 48,100 shares in the last quarter. Institutional investors own 4.45% of the company’s stock.

A number of research firms have recently weighed in on BBL. Zacks Investment Research downgraded shares of BHP Group from a “buy” rating to a “hold” rating in a research report on Friday, December 14th. Investec upgraded shares of BHP Group from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Finally, ValuEngine upgraded shares of BHP Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $41.50.

Shares of NYSE:BBL opened at $45.07 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.24 and a current ratio of 2.51. BHP Group PLC has a 52-week low of $38.04 and a 52-week high of $47.92.

COPYRIGHT VIOLATION NOTICE: “BHP Group PLC (BBL) Shares Bought by JPMorgan Chase & Co.” was originally published by Enterprise Leader and is the sole property of of Enterprise Leader. If you are accessing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this story can be accessed at https://theenterpriseleader.com/2019/02/06/bhp-group-plc-bbl-shares-bought-by-jpmorgan-chase-co.html.

BHP Group Company Profile

BHP Group Plc, together with its subsidiaries, discovers, acquires, develops, and markets natural resources worldwide. It operates through four segments: Petroleum, Copper, Iron Ore, and Coal. 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.

Further Reading: Understanding the different types of bonds

Want to see what other hedge funds are holding BBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BHP Group PLC (NYSE:BBL).

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

Receive News & Ratings for BHP Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BHP Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply