BHP Group Limited (NYSE:BHP) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. cut its holdings in shares of BHP Group Limited (NYSE:BHP - Free Report) by 4.9% during the fourth quarter, according to its most recent Form 13F filing 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 period. Ameriprise Financial Inc.'s holdings in BHP Group were worth $8,292,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new stake in shares of BHP Group during the 4th quarter worth approximately $29,000. Union Bancaire Privee UBP SA acquired a new position in BHP Group in the 4th quarter valued at $46,000. Allianz SE acquired a new position in shares of BHP Group during the 4th quarter worth $51,000. Headlands Technologies LLC acquired a new position in shares of BHP Group during the 4th quarter worth $53,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of BHP Group during the 4th quarter worth $54,000. Hedge funds and other institutional investors own 3.79% of the company's stock.

Wall Street Analyst Weigh In

BHP has been the topic of several recent research reports. Sanford C. Bernstein lowered shares of BHP Group from an "outperform" rating to a "market perform" rating in a research report on Monday, May 19th. 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. Finally, Clarkson Capital raised shares of BHP Group to a "strong-buy" rating in a research report on Friday, February 28th. Three research 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's stock. According to MarketBeat, BHP Group currently has an average rating of "Moderate Buy" and a consensus price target of $53.00.

BHP Group Stock Up 1.5%

Shares of BHP stock traded up $0.74 during mid-day trading on Friday, reaching $49.89. 1,973,060 shares of the company were exchanged, compared to its average volume of 2,545,892. BHP Group Limited has a fifty-two week low of $39.73 and a fifty-two week high of $63.21. 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 P/E ratio of 11.34 and a beta of 0.86. The business's 50 day simple moving average is $47.72 and its 200 day simple moving average is $49.67.

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.