Nuveen Asset Management LLC Has $13.86 Million Stock Holdings in BHP Group Limited (NYSE:BHP)

Nuveen Asset Management LLC lessened its stake in shares of BHP Group Limited (NYSE:BHP – Get Rating) by 2.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 276,970 shares of the mining company’s stock after selling 8,192 shares during the period. Nuveen Asset Management LLC’s holdings in BHP Group were worth $13,860,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BHP. Fairfield Bush & CO. grew its holdings in BHP Group by 1.1% during the first quarter. Fairfield Bush & CO. now owns 19,463 shares of the mining company’s stock valued at $1,504,000 after purchasing an additional 211 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in BHP Group by 70.0% during the first quarter. Bank of New York Mellon Corp now owns 79,400 shares of the mining company’s stock valued at $6,134,000 after purchasing an additional 32,699 shares during the last quarter. Private Advisor Group LLC grew its holdings in BHP Group by 62.9% during the first quarter. Private Advisor Group LLC now owns 8,865 shares of the mining company’s stock valued at $685,000 after purchasing an additional 3,424 shares during the last quarter. BlackRock Inc. grew its holdings in BHP Group by 18.5% during the first quarter. BlackRock Inc. now owns 1,821,564 shares of the mining company’s stock valued at $140,716,000 after purchasing an additional 283,915 shares during the last quarter. Finally, Yousif Capital Management LLC grew its holdings in BHP Group by 71.7% during the first quarter. Yousif Capital Management LLC now owns 39,175 shares of the mining company’s stock valued at $3,026,000 after purchasing an additional 16,359 shares during the last quarter. Institutional investors and hedge funds own 5.90% of the company’s stock.

BHP Group Stock Down 2.7 %

Shares of BHP stock opened at $64.04 on Tuesday. The company has a quick ratio of 1.28, a current ratio of 1.69 and a debt-to-equity ratio of 0.27. The stock has a fifty day moving average price of $66.15 and a 200 day moving average price of $58.84. BHP Group Limited has a one year low of $46.92 and a one year high of $79.66.

BHP Group Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 30th. Shareholders of record on Friday, March 10th will be paid a dividend of $1.80 per share. The ex-dividend date of this dividend is Thursday, March 9th. This represents a yield of 8.7%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BHP. The Goldman Sachs Group cut BHP Group from a “buy” rating to a “neutral” rating in a research report on Thursday, November 24th. Barclays reduced their price objective on BHP Group from GBX 2,700 ($32.47) to GBX 2,550 ($30.66) in a research report on Wednesday, February 22nd. JPMorgan Chase & Co. increased their price objective on BHP Group from GBX 2,500 ($30.06) to GBX 2,510 ($30.18) in a research report on Wednesday, February 22nd. CLSA cut BHP Group from an “outperform” rating to an “underperform” rating in a research report on Tuesday, January 17th. Finally, UBS Group cut BHP Group from a “neutral” rating to a “sell” rating in a research report on Tuesday, December 13th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $2,211.50.

About BHP Group

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BHP Group Ltd. engages in the exploration, development, production and processing of iron ore, metallurgical coal and copper. It operates through the following segments: Petroleum, Copper, Iron Ore, and Coal. The Petroleum segment explores, develops and produces oil and gas. The Copper segment refers to the mining of copper, silver, lead, zinc, molybdenum, uranium and gold.