Blue Trust Inc. Sells 10,856 Shares of BHP Group Limited (NYSE:BHP)

Blue Trust Inc. reduced its stake in BHP Group Limited (NYSE:BHP - Free Report) by 71.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,439 shares of the mining company's stock after selling 10,856 shares during the quarter. Blue Trust Inc.'s holdings in BHP Group were worth $217,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC raised its position in BHP Group by 93.7% in the 3rd quarter. Barclays PLC now owns 226,083 shares of the mining company's stock valued at $14,042,000 after buying an additional 109,337 shares during the last quarter. FMR LLC increased its position in shares of BHP Group by 10.0% during the 3rd quarter. FMR LLC now owns 1,434,417 shares of the mining company's stock valued at $89,092,000 after purchasing an additional 129,908 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of BHP Group by 10.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company's stock valued at $37,271,000 after purchasing an additional 55,095 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of BHP Group by 17.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 153,170 shares of the mining company's stock valued at $9,513,000 after purchasing an additional 22,677 shares during the last quarter. Finally, XY Capital Ltd increased its position in shares of BHP Group by 503.6% during the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company's stock valued at $57,245,000 after purchasing an additional 768,972 shares during the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

BHP Group Stock Down 1.1 %

Shares of BHP stock traded down $0.58 on Friday, hitting $51.53. 1,000,533 shares of the stock were exchanged, compared to its average volume of 2,406,222. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. BHP Group Limited has a one year low of $48.06 and a one year high of $63.21. The firm's 50 day moving average is $49.81 and its two-hundred day moving average is $53.16.

Analyst Ratings Changes

Several brokerages have recently issued reports on BHP. Jefferies Financial Group decreased their target price on BHP Group from $57.00 to $53.00 and set a "hold" rating for the company in a research report on Monday, January 6th. StockNews.com lowered BHP Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $53.00.

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.