Janney Montgomery Scott LLC Sells 3,720 Shares of BHP Group Limited (NYSE:BHP)

Janney Montgomery Scott LLC lowered its position in BHP Group Limited (NYSE:BHP) by 9.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,505 shares of the mining company’s stock after selling 3,720 shares during the period. Janney Montgomery Scott LLC’s holdings in BHP Group were worth $1,783,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Eastern Bank bought a new stake in shares of BHP Group during the 3rd quarter valued at about $26,000. Sound Income Strategies LLC boosted its holdings in shares of BHP Group by 124.6% in the third quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock worth $33,000 after buying an additional 294 shares during the last quarter. Versant Capital Management Inc bought a new stake in BHP Group during the fourth quarter valued at approximately $40,000. Farmers & Merchants Investments Inc. purchased a new stake in BHP Group during the third quarter valued at approximately $50,000. Finally, Viking Fund Management LLC raised its position in BHP Group by 72.4% in the third quarter. Viking Fund Management LLC now owns 1,000 shares of the mining company’s stock worth $62,000 after acquiring an additional 420 shares during the period. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

BHP has been the subject of several analyst reports. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Friday. 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 report on Monday, January 6th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, BHP Group currently has a consensus rating of “Moderate Buy” and an average target price of $53.00.

BHP Group Price Performance

Shares of BHP stock opened at $49.12 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. BHP Group Limited has a one year low of $48.06 and a one year high of $63.21. The company’s fifty day moving average price is $50.28 and its 200-day moving average price is $53.57.

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.