Nomura Holdings Inc. Cuts Holdings in BHP Group Limited (NYSE:BHP)

Nomura Holdings Inc. lowered its holdings in shares of BHP Group Limited (NYSE:BHP - Free Report) by 93.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,120 shares of the mining company's stock after selling 160,380 shares during the period. Nomura Holdings Inc.'s holdings in BHP Group were worth $543,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Barclays PLC lifted its position in shares of BHP Group by 93.7% in the third quarter. Barclays PLC now owns 226,083 shares of the mining company's stock valued at $14,042,000 after acquiring an additional 109,337 shares in the last quarter. Park Avenue Securities LLC increased its position in BHP Group by 11.2% during the 4th quarter. Park Avenue Securities LLC now owns 18,080 shares of the mining company's stock worth $883,000 after purchasing an additional 1,824 shares in the last quarter. Ballentine Partners LLC raised its stake in BHP Group by 85.3% in the 4th quarter. Ballentine Partners LLC now owns 13,815 shares of the mining company's stock valued at $675,000 after purchasing an additional 6,359 shares during the last quarter. Royal Fund Management LLC raised its stake in BHP Group by 7.2% in the 4th quarter. Royal Fund Management LLC now owns 18,844 shares of the mining company's stock valued at $921,000 after purchasing an additional 1,261 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in BHP Group by 8.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 166,840 shares of the mining company's stock valued at $8,147,000 after purchasing an additional 12,566 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company's stock.

BHP Group Trading Down 0.3%

Shares of NYSE BHP traded down $0.17 on Tuesday, reaching $49.72. 2,984,242 shares of the company traded hands, compared to its average volume of 2,548,247. The stock has a market capitalization of $126.08 billion, a PE ratio of 11.30 and a beta of 0.86. 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 current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. The company has a 50 day moving average of $47.73 and a 200 day moving average of $49.54.

Wall Street Analysts Forecast Growth

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

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.