Nuveen Asset Management LLC Sells 5,934 Shares of BHP Group Limited (NYSE:BHP)

Nuveen Asset Management LLC trimmed its holdings in shares of BHP Group Limited (NYSE:BHP - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 124,444 shares of the mining company's stock after selling 5,934 shares during the period. Nuveen Asset Management LLC's holdings in BHP Group were worth $6,077,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Sterling Capital Management LLC boosted its holdings in shares of BHP Group by 1.4% during the fourth quarter. Sterling Capital Management LLC now owns 13,856 shares of the mining company's stock worth $677,000 after acquiring an additional 195 shares during the period. Invesco Ltd. lifted its holdings in shares of BHP Group by 1.8% during the fourth quarter. Invesco Ltd. now owns 11,150 shares of the mining company's stock worth $544,000 after buying an additional 198 shares in the last quarter. Kovack Advisors Inc. boosted its position in shares of BHP Group by 5.2% in the fourth quarter. Kovack Advisors Inc. now owns 4,353 shares of the mining company's stock valued at $213,000 after acquiring an additional 215 shares during the period. Passumpsic Savings Bank grew its stake in shares of BHP Group by 7.1% in the fourth quarter. Passumpsic Savings Bank now owns 4,873 shares of the mining company's stock valued at $238,000 after acquiring an additional 325 shares in the last quarter. Finally, Coldstream Capital Management Inc. increased its position in BHP Group by 6.9% during the fourth quarter. Coldstream Capital Management Inc. now owns 5,151 shares of the mining company's stock worth $252,000 after acquiring an additional 332 shares during the period. Institutional investors own 3.79% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports 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 downgraded BHP Group from an "outperform" rating to a "market perform" rating in a research report on Monday, May 19th. Finally, Clarkson Capital raised BHP Group to a "strong-buy" rating in a report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $53.00.

BHP Group Price Performance

Shares of NYSE:BHP traded up $0.68 during midday trading on Wednesday, hitting $49.28. The stock had a trading volume of 700,168 shares, compared to its average volume of 2,541,505. The company's 50-day moving average price is $47.68 and its 200-day moving average price is $49.42. 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 quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $124.95 billion, a P/E ratio of 11.20 and a beta of 0.86.

BHP Group Profile

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.