Independent Advisor Alliance Sells 825 Shares of BHP Group Limited (NYSE:BHP)

Independent Advisor Alliance trimmed its holdings in BHP Group Limited (NYSE:BHP) by 8.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,903 shares of the mining company’s stock after selling 825 shares during the period. Independent Advisor Alliance’s holdings in BHP Group were worth $553,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Pinnacle West Asset Management Inc. boosted its holdings in BHP Group by 2.6% in the second quarter. Pinnacle West Asset Management Inc. now owns 7,925 shares of the mining company’s stock worth $452,000 after purchasing an additional 200 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of BHP Group by 0.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 27,500 shares of the mining company’s stock valued at $1,570,000 after acquiring an additional 202 shares during the last quarter. Bleakley Financial Group LLC raised its stake in shares of BHP Group by 4.1% in the 3rd quarter. Bleakley Financial Group LLC now owns 5,101 shares of the mining company’s stock valued at $317,000 after acquiring an additional 203 shares in the last quarter. Huntington National Bank lifted its holdings in BHP Group by 17.5% in the 3rd quarter. Huntington National Bank now owns 1,365 shares of the mining company’s stock worth $85,000 after purchasing an additional 203 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC boosted its position in BHP Group by 1.1% during the second quarter. Moody Lynn & Lieberson LLC now owns 19,208 shares of the mining company’s stock worth $1,097,000 after purchasing an additional 208 shares during the period. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analysts Set New Price Targets

BHP has been the topic of a number of recent analyst reports. Jefferies Financial Group lowered shares of BHP Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $72.00 to $68.00 in a research report on Friday, October 4th. Argus raised shares of BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Finally, Sanford C. Bernstein raised BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $68.00.

BHP Group Stock Up 1.2 %

NYSE:BHP opened at $51.80 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. BHP Group Limited has a one year low of $50.90 and a one year high of $69.11. The company has a fifty day moving average price of $56.37 and a 200 day moving average price of $56.27.

About BHP Group

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.