Hilltop National Bank Boosts Stock Position in Rio Tinto Group (NYSE:RIO)

Hilltop National Bank lifted its position in Rio Tinto Group (NYSE:RIO) by 295.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,166 shares of the mining company’s stock after buying an additional 871 shares during the quarter. Hilltop National Bank’s holdings in Rio Tinto Group were worth $69,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of RIO. Bank of Montreal Can raised its holdings in shares of Rio Tinto Group by 237.0% in the 2nd quarter. Bank of Montreal Can now owns 2,472,471 shares of the mining company’s stock valued at $164,493,000 after buying an additional 1,738,752 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Rio Tinto Group by 2.9% in the 3rd quarter. Fisher Asset Management LLC now owns 17,528,095 shares of the mining company’s stock valued at $1,247,475,000 after buying an additional 485,731 shares during the period. Mediolanum International Funds Ltd purchased a new stake in Rio Tinto Group during the 3rd quarter worth about $33,590,000. SPX Gestao de Recursos Ltda increased its holdings in Rio Tinto Group by 1,773.2% during the 3rd quarter. SPX Gestao de Recursos Ltda now owns 426,922 shares of the mining company’s stock worth $30,384,000 after purchasing an additional 404,131 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Rio Tinto Group by 78.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 858,050 shares of the mining company’s stock worth $56,565,000 after purchasing an additional 376,778 shares during the period. Hedge funds and other institutional investors own 19.33% of the company’s stock.

Rio Tinto Group Stock Up 0.5 %

Rio Tinto Group stock opened at $58.91 on Friday. Rio Tinto Group has a twelve month low of $57.85 and a twelve month high of $74.24. The stock has a 50 day moving average of $61.51 and a two-hundred day moving average of $63.79. The company has a current ratio of 1.70, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $73.81 billion, a price-to-earnings ratio of 8.55, a PEG ratio of 0.38 and a beta of 0.66.

Analyst Ratings Changes

Several equities research analysts have weighed in on RIO shares. StockNews.com downgraded Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 12th. Berenberg Bank raised Rio Tinto Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Macquarie reissued a “neutral” rating on shares of Rio Tinto Group in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group decreased their target price on Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $73.00.

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.