Marshall Financial Group LLC Makes New $810,000 Investment in Rio Tinto Group (NYSE:RIO)

Marshall Financial Group LLC purchased a new position in Rio Tinto Group (NYSE:RIO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,774 shares of the mining company’s stock, valued at approximately $810,000.

A number of other large investors have also modified their holdings of the stock. Winch Advisory Services LLC purchased a new position in Rio Tinto Group in the third quarter valued at $26,000. FSC Wealth Advisors LLC purchased a new position in shares of Rio Tinto Group in the 3rd quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Rio Tinto Group by 63.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 500 shares of the mining company’s stock worth $29,000 after buying an additional 195 shares during the period. Sound Income Strategies LLC increased its stake in shares of Rio Tinto Group by 70.9% during the third quarter. Sound Income Strategies LLC now owns 417 shares of the mining company’s stock worth $30,000 after buying an additional 173 shares during the period. Finally, Northwest Investment Counselors LLC purchased a new position in Rio Tinto Group in the third quarter worth approximately $38,000. Hedge funds and other institutional investors own 19.33% of the company’s stock.

Rio Tinto Group Stock Up 0.9 %

Shares of NYSE:RIO opened at $62.11 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23. Rio Tinto Group has a 12 month low of $57.85 and a 12 month high of $74.24. The company’s fifty day moving average price is $61.02 and its 200 day moving average price is $63.37.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RIO. Berenberg Bank raised shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Macquarie reiterated a “neutral” rating on shares of Rio Tinto Group in a research note on Wednesday, October 16th. StockNews.com cut Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Jefferies Financial Group dropped their price objective on Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Rio Tinto Group has an average rating of “Moderate Buy” and a consensus target price of $73.00.

Rio Tinto Group 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.