Marks Group Wealth Management Inc Cuts Position in BHP Group Limited (NYSE:BHP)

Marks Group Wealth Management Inc reduced its position in BHP Group Limited (NYSE:BHP) by 42.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,896 shares of the mining company’s stock after selling 3,553 shares during the period. Marks Group Wealth Management Inc’s holdings in BHP Group were worth $239,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Eastern Bank acquired a new position in BHP Group during the third quarter valued at approximately $26,000. Farmers & Merchants Investments Inc. purchased a new position in shares of BHP Group in the 3rd quarter valued at $50,000. Versant Capital Management Inc acquired a new position in shares of BHP Group during the 4th quarter valued at $40,000. Union Bancaire Privee UBP SA purchased a new stake in BHP Group during the 4th quarter worth $46,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in BHP Group in the 4th quarter valued at $54,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Analyst Upgrades and Downgrades

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

BHP Group Trading Up 1.0 %

Shares of BHP stock opened at $50.69 on Thursday. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. The company’s fifty day moving average price is $49.98 and its two-hundred day moving average price is $53.29. BHP Group Limited has a 12 month low of $48.06 and a 12 month high of $63.21.

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.