MML Investors Services LLC Reduces Stake in BHP Group Limited (NYSE:BHP)

MML Investors Services LLC reduced its position in BHP Group Limited (NYSE:BHP) by 30.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,211 shares of the mining company’s stock after selling 10,355 shares during the period. MML Investors Services LLC’s holdings in BHP Group were worth $1,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of BHP. Bank of Montreal Can boosted its stake in shares of BHP Group by 532.2% in the 2nd quarter. Bank of Montreal Can now owns 2,353,268 shares of the mining company’s stock worth $134,442,000 after buying an additional 1,981,008 shares during the last quarter. XY Capital Ltd boosted its stake in shares of BHP Group by 503.6% in the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock worth $57,245,000 after buying an additional 768,972 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of BHP Group by 13.0% in the 3rd quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock worth $348,041,000 after buying an additional 642,765 shares during the last quarter. Fisher Asset Management LLC lifted its position in BHP Group by 3.0% during the third quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company’s stock valued at $1,362,996,000 after purchasing an additional 633,290 shares in the last quarter. Finally, Mediolanum International Funds Ltd purchased a new position in BHP Group during the third quarter valued at $33,458,000. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Price Performance

NYSE:BHP opened at $51.00 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. The business’s 50-day simple moving average is $54.46 and its two-hundred day simple moving average is $55.54. The stock has a market cap of $129.32 billion, a PE ratio of 11.04 and a beta of 0.95. BHP Group Limited has a 52 week low of $50.73 and a 52 week high of $69.11.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. StockNews.com upgraded BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. Jefferies Financial Group downgraded BHP Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $72.00 to $68.00 in a research report on Friday, October 4th. Argus upgraded BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Finally, Sanford C. Bernstein upgraded BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.00.

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.