FSC Wealth Advisors LLC Has $59,000 Stock Holdings in Rio Tinto Group (NYSE:RIO)

FSC Wealth Advisors LLC grew its holdings in shares of Rio Tinto Group (NYSE:RIO) by 150.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,000 shares of the mining company’s stock after purchasing an additional 600 shares during the quarter. FSC Wealth Advisors LLC’s holdings in Rio Tinto Group were worth $59,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Armstrong Advisory Group Inc. raised its position in shares of Rio Tinto Group by 9.6% in the third quarter. Armstrong Advisory Group Inc. now owns 1,808 shares of the mining company’s stock valued at $129,000 after purchasing an additional 159 shares during the period. Sound Income Strategies LLC raised its holdings in Rio Tinto Group by 70.9% in the 3rd quarter. Sound Income Strategies LLC now owns 417 shares of the mining company’s stock worth $30,000 after acquiring an additional 173 shares during the period. Concurrent Investment Advisors LLC raised its holdings in Rio Tinto Group by 4.3% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 4,261 shares of the mining company’s stock worth $303,000 after acquiring an additional 175 shares during the period. Fiduciary Financial Group LLC lifted its position in Rio Tinto Group by 3.7% during the 3rd quarter. Fiduciary Financial Group LLC now owns 4,945 shares of the mining company’s stock worth $330,000 after acquiring an additional 178 shares during the last quarter. 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. Institutional investors and hedge funds own 19.33% of the company’s stock.

Rio Tinto Group Stock Down 0.2 %

Shares of NYSE RIO opened at $61.97 on Tuesday. Rio Tinto Group has a one year low of $57.85 and a one year high of $74.24. The business has a fifty day simple moving average of $61.02 and a 200 day simple moving average of $63.32. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.70.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RIO. StockNews.com cut Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Berenberg Bank upgraded Rio Tinto Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Jefferies Financial Group lowered their price objective on shares of Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, Macquarie reiterated a “neutral” rating on shares of Rio Tinto Group in a research note on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Rio Tinto Group currently 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.