Jeppson Wealth Management LLC Buys 6,473 Shares of Rio Tinto Group (NYSE:RIO)

Jeppson Wealth Management LLC lifted its stake in shares of Rio Tinto Group (NYSE:RIO) by 47.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,093 shares of the mining company’s stock after buying an additional 6,473 shares during the quarter. Jeppson Wealth Management LLC’s holdings in Rio Tinto Group were worth $1,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Winch Advisory Services LLC purchased a new stake in Rio Tinto Group in the third quarter worth $26,000. FSC Wealth Advisors LLC bought a new stake in shares of Rio Tinto Group during the 3rd quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of 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 worth $29,000 after buying an additional 195 shares during the period. Sound Income Strategies LLC increased its stake in shares of 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 in the last quarter. Finally, Northwest Investment Counselors LLC purchased a new position in Rio Tinto Group during the 3rd quarter valued at about $38,000. 19.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on RIO. Macquarie reaffirmed a “neutral” rating on shares of Rio Tinto Group in a research note on Wednesday, October 16th. Berenberg Bank raised Rio Tinto Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. StockNews.com downgraded Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Jefferies Financial Group reduced their price target on Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating for the company in a report on Monday, January 6th. Four equities research 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 data from MarketBeat.com, Rio Tinto Group has a consensus rating of “Moderate Buy” and an average price target of $73.00.

Rio Tinto Group Price Performance

RIO stock opened at $61.97 on Tuesday. The stock’s 50 day simple moving average is $61.02 and its 200 day simple moving average is $63.32. The company has a quick ratio of 1.16, a current ratio of 1.70 and a debt-to-equity ratio of 0.23. Rio Tinto Group has a 12-month low of $57.85 and a 12-month high of $74.24.

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.