Rio Tinto Group (NYSE:RIO) Shares Sold by Barclays PLC

Barclays PLC lessened its holdings in Rio Tinto Group (NYSE:RIOGet Rating) by 19.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 303,549 shares of the mining company’s stock after selling 74,431 shares during the period. Barclays PLC’s holdings in Rio Tinto Group were worth $16,713,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of RIO. Coastline Trust Co boosted its position in shares of Rio Tinto Group by 1.0% in the 2nd quarter. Coastline Trust Co now owns 17,361 shares of the mining company’s stock valued at $1,059,000 after purchasing an additional 180 shares during the period. Cullen Frost Bankers Inc. lifted its position in Rio Tinto Group by 8.9% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,195 shares of the mining company’s stock worth $134,000 after acquiring an additional 180 shares during the period. GPS Wealth Strategies Group LLC lifted its position in Rio Tinto Group by 12.4% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,681 shares of the mining company’s stock worth $103,000 after acquiring an additional 185 shares during the period. YorkBridge Wealth Partners LLC lifted its position in Rio Tinto Group by 2.9% during the 3rd quarter. YorkBridge Wealth Partners LLC now owns 7,100 shares of the mining company’s stock worth $391,000 after acquiring an additional 203 shares during the period. Finally, Hudock Inc. lifted its position in Rio Tinto Group by 5.6% during the 2nd quarter. Hudock Inc. now owns 3,950 shares of the mining company’s stock worth $240,000 after acquiring an additional 209 shares during the period. Institutional investors and hedge funds own 10.43% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on RIO. Berenberg Bank raised Rio Tinto Group from a “sell” rating to a “buy” rating in a research report on Thursday, January 12th. UBS Group cut Rio Tinto Group from a “neutral” rating to a “sell” rating in a research report on Tuesday, December 13th. CLSA cut Rio Tinto Group from an “outperform” rating to an “underperform” rating in a report on Tuesday, January 17th. Barclays raised Rio Tinto Group from an “underweight” rating to an “equal weight” rating in a report on Thursday, January 12th. Finally, Morgan Stanley raised their price target on Rio Tinto Group from GBX 5,750 ($71.19) to GBX 5,790 ($71.69) in a report on Monday. Four research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $4,360.00.

Rio Tinto Group Stock Up 0.3 %

NYSE RIO opened at $78.99 on Wednesday. Rio Tinto Group has a 1-year low of $50.92 and a 1-year high of $87.00. The business has a 50 day moving average price of $71.18 and a 200 day moving average price of $62.16. The company has a quick ratio of 1.34, a current ratio of 1.79 and a debt-to-equity ratio of 0.21.

Rio Tinto Group Profile

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Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company offers aluminum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and lithium. It also owns and operates open pit and underground mines, mills, refineries, smelters, power stations, and research and service facilities.

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Institutional Ownership by Quarter for Rio Tinto Group (NYSE:RIO)

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