Ameriprise Financial Inc. boosted its position in BHP Billiton Limited (NYSE:BHP) by 0.7% during the first quarter, Holdings Channel reports. The fund owned 210,692 shares of the mining company’s stock after buying an additional 1,508 shares during the period. Ameriprise Financial Inc.’s holdings in BHP Billiton Limited were worth $7,654,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new position in BHP Billiton Limited during the fourth quarter worth about $4,063,000. Vicus Capital increased its position in BHP Billiton Limited by 110.5% in the first quarter. Vicus Capital now owns 77,786 shares of the mining company’s stock worth $2,825,000 after buying an additional 40,827 shares during the last quarter. Conning Inc. purchased a new position in BHP Billiton Limited during the first quarter worth about $317,000. Comerica Bank increased its position in BHP Billiton Limited by 2.0% in the first quarter. Comerica Bank now owns 93,880 shares of the mining company’s stock worth $3,287,000 after buying an additional 1,824 shares during the last quarter. Finally, Cohen Capital Management Inc. purchased a new position in BHP Billiton Limited during the first quarter worth about $131,000. Institutional investors and hedge funds own 2.99% of the company’s stock.
Shares of BHP Billiton Limited (NYSE BHP) opened at 33.94 on Friday. BHP Billiton Limited has a 12-month low of $25.75 and a 12-month high of $41.79. The company’s 50-day moving average price is $35.29 and its 200 day moving average price is $37.28. The firm has a market capitalization of $90.31 billion, a PE ratio of 36.42 and a beta of 1.12.
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BHP has been the subject of a number of research reports. HSBC Holdings plc upgraded BHP Billiton Limited from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $41.79 to $25.75 in a report on Wednesday, April 19th. Credit Suisse Group reiterated a “hold” rating on shares of BHP Billiton Limited in a report on Thursday, February 23rd. Zacks Investment Research downgraded BHP Billiton Limited from a “strong-buy” rating to a “hold” rating in a report on Friday, April 21st. Goldman Sachs Group, Inc. (The) downgraded BHP Billiton Limited from a “neutral” rating to a “sell” rating in a report on Tuesday, April 25th. Finally, Investec upgraded BHP Billiton Limited from a “hold” rating to a “buy” rating in a report on Friday, March 17th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $35.13.
BHP Billiton Limited Company Profile
BHP Billiton Limited is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas.
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