Wilmington Savings Fund Society FSB Buys Shares of 3,057 Rio Tinto Group (NYSE:RIO)

Wilmington Savings Fund Society FSB acquired a new position in shares of Rio Tinto Group (NYSE:RIO) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,057 shares of the mining company’s stock, valued at approximately $218,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Rio Tinto Group by 15.7% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 70,177 shares of the mining company’s stock valued at $4,627,000 after purchasing an additional 9,520 shares in the last quarter. Nisa Investment Advisors LLC purchased a new stake in Rio Tinto Group during the 2nd quarter worth about $36,000. Focus Financial Network Inc. boosted its position in shares of Rio Tinto Group by 8.7% during the 2nd quarter. Focus Financial Network Inc. now owns 5,824 shares of the mining company’s stock worth $383,000 after acquiring an additional 468 shares in the last quarter. Chevy Chase Trust Holdings LLC purchased a new position in shares of Rio Tinto Group in the 2nd quarter valued at about $73,000. Finally, &PARTNERS acquired a new stake in shares of Rio Tinto Group during the 2nd quarter worth about $420,000. 19.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on RIO. StockNews.com lowered shares of Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 12th. Macquarie reiterated a “neutral” rating on shares of Rio Tinto Group in a research note on Wednesday, October 16th. Finally, Berenberg Bank upgraded shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating, four 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 presently has a consensus rating of “Moderate Buy”.

Rio Tinto Group Price Performance

Shares of Rio Tinto Group stock opened at $59.34 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.70 and a quick ratio of 1.16. Rio Tinto Group has a 1 year low of $59.19 and a 1 year high of $75.09. The company’s fifty day moving average is $63.89 and its two-hundred day moving average is $64.77.

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.