Kestra Private Wealth Services LLC Has $1.20 Million Stock Holdings in Rio Tinto Group (NYSE:RIO)

Kestra Private Wealth Services LLC boosted its position in shares of Rio Tinto Group (NYSE:RIO) by 20.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 20,466 shares of the mining company’s stock after purchasing an additional 3,441 shares during the period. Kestra Private Wealth Services LLC’s holdings in Rio Tinto Group were worth $1,204,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Creative Planning raised its stake in shares of Rio Tinto Group by 4.4% during the 3rd quarter. Creative Planning now owns 80,160 shares of the mining company’s stock worth $5,705,000 after purchasing an additional 3,413 shares in the last quarter. NBC Securities Inc. increased its holdings in Rio Tinto Group by 24.2% in the third quarter. NBC Securities Inc. now owns 1,207 shares of the mining company’s stock worth $85,000 after buying an additional 235 shares during the last quarter. Foster Victor Wealth Advisors LLC raised its position in Rio Tinto Group by 6.7% during the third quarter. Foster Victor Wealth Advisors LLC now owns 3,755 shares of the mining company’s stock valued at $249,000 after acquiring an additional 237 shares in the last quarter. SeaCrest Wealth Management LLC lifted its stake in Rio Tinto Group by 2.5% in the third quarter. SeaCrest Wealth Management LLC now owns 10,041 shares of the mining company’s stock valued at $715,000 after acquiring an additional 248 shares during the last quarter. Finally, Leisure Capital Management grew its position in Rio Tinto Group by 3.7% in the third quarter. Leisure Capital Management now owns 15,947 shares of the mining company’s stock worth $1,135,000 after acquiring an additional 574 shares in the last quarter. Institutional investors and hedge funds own 19.33% of the company’s stock.

Rio Tinto Group Trading Up 0.6 %

Shares of RIO stock opened at $62.02 on Thursday. Rio Tinto Group has a 1 year low of $57.85 and a 1 year high of $74.24. The firm’s fifty day simple moving average is $60.66 and its 200 day simple moving average is $62.96. The company has a quick ratio of 1.16, a current ratio of 1.70 and a debt-to-equity ratio of 0.23.

Wall Street Analysts Forecast Growth

RIO has been the topic of a number of recent research reports. Macquarie restated a “neutral” rating on shares of Rio Tinto Group in a report on Wednesday, October 16th. StockNews.com downgraded shares of Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 25th. Finally, Jefferies Financial Group reduced their target price on Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating for the company in a report on Monday, January 6th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Rio Tinto Group currently has a consensus rating of “Moderate Buy” and an average price target of $73.00.

Rio Tinto Group Company Profile

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.