Ameriprise Financial Inc. Reduces Stock Position in BHP Group Limited (NYSE:BHP)

Ameriprise Financial Inc. lowered its stake in shares of BHP Group Limited (NYSE:BHP - Free Report) by 4.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 169,554 shares of the mining company's stock after selling 8,715 shares during the quarter. Ameriprise Financial Inc.'s holdings in BHP Group were worth $8,292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of BHP. Northern Trust Corp grew its holdings in BHP Group by 58.5% in the fourth quarter. Northern Trust Corp now owns 2,294,562 shares of the mining company's stock worth $112,043,000 after purchasing an additional 846,963 shares during the period. Raymond James Financial Inc. bought a new position in shares of BHP Group in the fourth quarter worth approximately $25,878,000. Norges Bank bought a new position in shares of BHP Group in the fourth quarter worth approximately $20,574,000. Fisher Asset Management LLC lifted its stake in shares of BHP Group by 1.3% in the fourth quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company's stock worth $1,085,253,000 after buying an additional 280,258 shares in the last quarter. Finally, SPX Gestao de Recursos Ltda bought a new position in shares of BHP Group in the fourth quarter worth approximately $9,323,000. Hedge funds and other institutional investors own 3.79% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BHP. Wall Street Zen downgraded shares of BHP Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 19th. Clarkson Capital upgraded shares of BHP Group to a "strong-buy" rating in a research report on Friday, February 28th. Finally, Sanford C. Bernstein downgraded shares of BHP Group from an "outperform" rating to a "market perform" rating in a research report on Monday, May 19th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $53.00.

BHP Group Price Performance

Shares of NYSE BHP traded up $0.74 during midday trading on Monday, reaching $49.89. The stock had a trading volume of 1,973,060 shares, compared to its average volume of 2,546,495. The stock has a 50-day moving average of $47.72 and a 200-day moving average of $49.54. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. The company has a market capitalization of $126.52 billion, a price-to-earnings ratio of 11.34 and a beta of 0.86. BHP Group Limited has a 12-month low of $39.73 and a 12-month high of $63.21.

About BHP Group

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