Rio Tinto Group (NYSE:RIO) Shares Acquired by Todd Asset Management LLC

Todd Asset Management LLC lifted its holdings in shares of Rio Tinto Group (NYSE:RIO) by 1.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,068,182 shares of the mining company’s stock after buying an additional 10,062 shares during the period. Rio Tinto Group accounts for approximately 1.5% of Todd Asset Management LLC’s holdings, making the stock its 10th largest holding. Todd Asset Management LLC’s holdings in Rio Tinto Group were worth $62,820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. raised its stake in Rio Tinto Group by 63.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 500 shares of the mining company’s stock valued at $29,000 after purchasing an additional 195 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Rio Tinto Group during the 4th quarter worth $47,000. HHM Wealth Advisors LLC purchased a new position in shares of Rio Tinto Group during the 4th quarter worth $50,000. Hara Capital LLC purchased a new position in Rio Tinto Group during the 3rd quarter valued at about $53,000. Finally, Nisa Investment Advisors LLC boosted its holdings in Rio Tinto Group by 49.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 820 shares of the mining company’s stock valued at $58,000 after acquiring an additional 270 shares during the period. 19.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RIO has been the topic of a number of analyst reports. StockNews.com lowered Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday. 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 assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Rio Tinto Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.00.

Rio Tinto Group Trading Down 1.4 %

NYSE:RIO opened at $62.67 on Tuesday. The company has a market cap of $78.52 billion, a PE ratio of 9.72, a P/E/G ratio of 0.42 and a beta of 0.65. Rio Tinto Group has a 52 week low of $57.85 and a 52 week high of $74.24. The company has a quick ratio of 1.16, a current ratio of 1.63 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $60.64 and its two-hundred day moving average is $62.94.

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.