Glenmede Trust Co. NA Has $518,000 Holdings in Rio Tinto Group (NYSE:RIO)

Glenmede Trust Co. NA cut its stake in shares of Rio Tinto Group (NYSE:RIO) by 35.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,282 shares of the mining company’s stock after selling 3,923 shares during the period. Glenmede Trust Co. NA’s holdings in Rio Tinto Group were worth $518,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers lifted its holdings in Rio Tinto Group by 337.6% during the first quarter. Cetera Investment Advisers now owns 100,319 shares of the mining company’s stock worth $6,394,000 after acquiring an additional 77,394 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Rio Tinto Group by 17.3% during the second quarter. GAMMA Investing LLC now owns 1,624 shares of the mining company’s stock worth $107,000 after acquiring an additional 240 shares in the last quarter. Mather Group LLC. lifted its holdings in Rio Tinto Group by 33.3% during the second quarter. Mather Group LLC. now owns 1,582 shares of the mining company’s stock worth $101,000 after acquiring an additional 395 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its holdings in Rio Tinto Group by 3.9% during the second quarter. Kingswood Wealth Advisors LLC now owns 7,267 shares of the mining company’s stock worth $479,000 after acquiring an additional 273 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its holdings in Rio Tinto Group by 19.0% during the second quarter. Park Avenue Securities LLC now owns 14,981 shares of the mining company’s stock worth $988,000 after acquiring an additional 2,397 shares in the last quarter. 19.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Berenberg Bank upgraded Rio Tinto Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Macquarie reiterated a “neutral” rating on shares of Rio Tinto Group in a report on Wednesday, October 16th. Finally, StockNews.com lowered Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 12th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Rio Tinto Group currently has an average rating of “Moderate Buy”.

Rio Tinto Group Price Performance

Shares of Rio Tinto Group stock opened at $63.51 on Wednesday. The stock’s 50-day moving average is $65.36 and its 200-day moving average is $65.39. Rio Tinto Group has a one year low of $59.35 and a one year high of $75.09. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.70.

About Rio Tinto Group

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.