International Assets Investment Management LLC Sells 437,126 Shares of BHP Group Limited (NYSE:BHP)

International Assets Investment Management LLC lessened its position in shares of BHP Group Limited (NYSE:BHP) by 98.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,538 shares of the mining company’s stock after selling 437,126 shares during the period. International Assets Investment Management LLC’s holdings in BHP Group were worth $371,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Eastern Bank bought a new position in shares of BHP Group during the 3rd quarter worth approximately $26,000. Ashton Thomas Private Wealth LLC acquired a new stake in BHP Group in the second quarter valued at approximately $27,000. Sound Income Strategies LLC increased its holdings in shares of BHP Group by 124.6% during the third quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock valued at $33,000 after acquiring an additional 294 shares in the last quarter. Versant Capital Management Inc bought a new position in shares of BHP Group in the 4th quarter worth $40,000. Finally, Farmers & Merchants Investments Inc. bought a new position in shares of BHP Group in the third quarter valued at $50,000. Institutional investors own 3.79% of the company’s stock.

BHP Group Stock Performance

Shares of BHP opened at $48.62 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. The stock has a market capitalization of $123.29 billion, a price-to-earnings ratio of 10.52 and a beta of 0.95. BHP Group Limited has a 52-week low of $48.06 and a 52-week high of $64.04. The stock’s 50-day simple moving average is $51.53 and its 200 day simple moving average is $54.48.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BHP. Jefferies Financial Group cut their price target on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research note on Monday, January 6th. StockNews.com raised shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Friday. Sanford C. Bernstein upgraded BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. Finally, Argus upgraded shares of BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, BHP Group currently has an average rating of “Moderate Buy” and an average price target 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.