Rio Tinto Group (NYSE:RIO) Shares Acquired by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC increased its stake in shares of Rio Tinto Group (NYSE:RIO) by 13.8% during the 4th quarter, Holdings Channel reports. The fund owned 7,662 shares of the mining company’s stock after purchasing an additional 931 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Rio Tinto Group were worth $451,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Bank of Montreal Can grew its stake in shares of Rio Tinto Group by 237.0% during the 2nd quarter. Bank of Montreal Can now owns 2,472,471 shares of the mining company’s stock worth $164,493,000 after purchasing an additional 1,738,752 shares during the period. Philip James Wealth Mangement LLC acquired a new stake in Rio Tinto Group during the third quarter valued at $1,345,000. Fisher Asset Management LLC increased its holdings in Rio Tinto Group by 2.9% in the third quarter. Fisher Asset Management LLC now owns 17,528,095 shares of the mining company’s stock valued at $1,247,475,000 after buying an additional 485,731 shares in the last quarter. Barclays PLC raised its position in shares of Rio Tinto Group by 225.6% in the third quarter. Barclays PLC now owns 335,637 shares of the mining company’s stock worth $23,888,000 after acquiring an additional 232,539 shares during the period. Finally, Northwest Bancshares Inc. purchased a new stake in shares of Rio Tinto Group during the 3rd quarter worth about $1,440,000. 19.33% of the stock is currently owned by hedge funds and other institutional investors.

Rio Tinto Group Stock Performance

NYSE RIO opened at $61.00 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.70 and a quick ratio of 1.16. The stock’s fifty day moving average is $60.98 and its two-hundred day moving average is $63.56. Rio Tinto Group has a fifty-two week low of $57.85 and a fifty-two week high of $74.24.

Wall Street Analyst Weigh In

Several analysts have commented on the company. StockNews.com raised Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a report on Friday. Jefferies Financial Group cut their price target on shares of Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating for the company in a report on Monday, January 6th. Berenberg Bank raised shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Finally, Macquarie reissued a “neutral” rating on shares of Rio Tinto Group in a research note on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.