Cerity Partners LLC Sells 12,929 Shares of BHP Group Limited (NYSE:BHP)

Cerity Partners LLC cut its stake in shares of BHP Group Limited (NYSE:BHP - Free Report) by 15.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,663 shares of the mining company's stock after selling 12,929 shares during the quarter. Cerity Partners LLC's holdings in BHP Group were worth $3,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. EP Wealth Advisors LLC bought a new position in shares of BHP Group in the third quarter worth approximately $242,000. Barclays PLC boosted its position in BHP Group by 93.7% during 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 period. Coldstream Capital Management Inc. grew its holdings in BHP Group by 17.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,819 shares of the mining company's stock worth $299,000 after acquiring an additional 719 shares during the last quarter. Passumpsic Savings Bank increased its position in shares of BHP Group by 8.3% in the third quarter. Passumpsic Savings Bank now owns 4,548 shares of the mining company's stock valued at $282,000 after acquiring an additional 349 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of BHP Group during the third quarter valued at about $114,000. 3.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BHP has been the topic of several recent analyst 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 cut BHP Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 19th. Finally, Clarkson Capital raised BHP Group to a "strong-buy" rating in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $53.00.

BHP Group Stock Up 2.1 %

Shares of NYSE:BHP traded up $0.96 during trading on Friday, hitting $46.59. The stock had a trading volume of 2,488,560 shares, compared to its average volume of 2,524,296. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. BHP Group Limited has a 12 month low of $39.73 and a 12 month high of $63.21. The company has a market capitalization of $118.14 billion, a PE ratio of 10.59 and a beta of 0.85. The firm's fifty day moving average is $48.47 and its 200 day moving average is $51.29.

BHP Group Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 7th were given a dividend of $1.00 per share. This represents a yield of 4.8%. The ex-dividend date was Friday, March 7th. BHP Group's dividend payout ratio is currently 44.77%.

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.