Northcape Wealth Management LLC Lowers Stock Position in BHP Group Limited (NYSE:BHP)

Northcape Wealth Management LLC cut its holdings in BHP Group Limited (NYSE:BHP) by 3.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 40,684 shares of the mining company’s stock after selling 1,346 shares during the quarter. Northcape Wealth Management LLC’s holdings in BHP Group were worth $1,987,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BHP. Eastern Bank purchased a new stake in BHP Group in the third quarter worth about $26,000. Sierra Ocean LLC bought a new stake in shares of BHP Group in the 4th quarter worth approximately $29,000. Versant Capital Management Inc purchased a new stake in shares of BHP Group in the 4th quarter worth approximately $40,000. Union Bancaire Privee UBP SA bought a new position in BHP Group during the 4th quarter valued at approximately $46,000. Finally, Farmers & Merchants Investments Inc. purchased a new position in BHP Group during the third quarter valued at $50,000. 3.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BHP has been the topic of a number of recent research reports. Jefferies Financial Group cut their target price on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. StockNews.com downgraded shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 31st. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, BHP Group has an average rating of “Moderate Buy” and an average price target of $53.00.

BHP Group Trading Up 0.7 %

BHP Group stock opened at $51.93 on Wednesday. BHP Group Limited has a 12 month low of $48.06 and a 12 month high of $63.21. The stock has a fifty day simple moving average of $49.86 and a two-hundred day simple moving average of $53.18. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29.

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.