Rio Tinto Group (NYSE:RIO) Shares Sold by WASHINGTON TRUST Co

WASHINGTON TRUST Co reduced its stake in shares of Rio Tinto Group (NYSE:RIO) by 9.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,940 shares of the mining company’s stock after selling 200 shares during the quarter. WASHINGTON TRUST Co’s holdings in Rio Tinto Group were worth $114,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Creative Planning grew its position in shares of Rio Tinto Group by 4.4% in the third quarter. Creative Planning now owns 80,160 shares of the mining company’s stock valued at $5,705,000 after purchasing an additional 3,413 shares during the last quarter. NBC Securities Inc. grew its position in shares of Rio Tinto Group by 24.2% in the third quarter. NBC Securities Inc. now owns 1,207 shares of the mining company’s stock valued at $85,000 after purchasing an additional 235 shares during the last quarter. Vontobel Holding Ltd. grew its position in shares of Rio Tinto Group by 64.0% in the third quarter. Vontobel Holding Ltd. now owns 8,910 shares of the mining company’s stock valued at $634,000 after purchasing an additional 3,476 shares during the last quarter. Bleakley Financial Group LLC acquired a new stake in shares of Rio Tinto Group in the third quarter valued at approximately $221,000. Finally, Stonegate Investment Group LLC grew its position in shares of Rio Tinto Group by 3.4% in the third quarter. Stonegate Investment Group LLC now owns 5,467 shares of the mining company’s stock valued at $389,000 after purchasing an additional 179 shares during the last quarter. 19.33% of the stock is currently owned by institutional investors and hedge funds.

Rio Tinto Group Trading Up 0.1 %

NYSE:RIO opened at $63.38 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.70 and a debt-to-equity ratio of 0.23. Rio Tinto Group has a fifty-two week low of $57.85 and a fifty-two week high of $74.24. The firm’s 50 day moving average is $60.65 and its two-hundred day moving average is $62.94.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Jefferies Financial Group decreased their target price on shares of Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. StockNews.com upgraded shares of Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a research report on Friday. Four research 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. According to MarketBeat.com, Rio Tinto Group has an average rating of “Moderate Buy” and an average price target 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.