Rio Tinto Group (NYSE:RIO) Shares Sold by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC lowered its position in Rio Tinto Group (NYSE:RIO) by 7.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,525 shares of the mining company’s stock after selling 540 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Rio Tinto Group were worth $384,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of RIO. Winch Advisory Services LLC acquired a new position in Rio Tinto Group during the third quarter worth $26,000. FSC Wealth Advisors LLC purchased a new stake in shares of Rio Tinto Group during the third quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Rio Tinto Group by 63.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 500 shares of the mining company’s stock worth $29,000 after purchasing an additional 195 shares during the last quarter. Sound Income Strategies LLC lifted its stake 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 valued at $30,000 after buying an additional 173 shares in the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in Rio Tinto Group in the 3rd quarter worth about $38,000. 19.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Rio Tinto Group Stock Up 0.9 %

Rio Tinto Group stock opened at $62.11 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.70. The company has a 50-day moving average price of $60.99 and a 200 day moving average price of $63.41. Rio Tinto Group has a 12-month low of $57.85 and a 12-month high of $74.24.

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.