Baird Financial Group Inc. increased its holdings in shares of Rio Tinto Group (NYSE:RIO – Get Rating) by 2.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,758 shares of the mining company’s stock after purchasing an additional 423 shares during the period. Baird Financial Group Inc.’s holdings in Rio Tinto Group were worth $1,328,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in RIO. Park Avenue Securities LLC grew its stake in Rio Tinto Group by 114.2% during the first quarter. Park Avenue Securities LLC now owns 13,163 shares of the mining company’s stock worth $1,058,000 after purchasing an additional 7,018 shares during the period. Integrated Advisors Network LLC bought a new position in Rio Tinto Group in the first quarter worth approximately $620,000. DAVENPORT & Co LLC boosted its holdings in Rio Tinto Group by 9.5% in the first quarter. DAVENPORT & Co LLC now owns 45,133 shares of the mining company’s stock worth $3,629,000 after acquiring an additional 3,922 shares in the last quarter. National Asset Management Inc. boosted its holdings in Rio Tinto Group by 461.2% in the first quarter. National Asset Management Inc. now owns 25,814 shares of the mining company’s stock worth $2,076,000 after acquiring an additional 21,214 shares in the last quarter. Finally, JFS Wealth Advisors LLC boosted its holdings in Rio Tinto Group by 413.6% in the first quarter. JFS Wealth Advisors LLC now owns 642 shares of the mining company’s stock worth $52,000 after acquiring an additional 517 shares in the last quarter. Institutional investors and hedge funds own 10.05% of the company’s stock.
Rio Tinto Group Stock Up 0.4 %
NYSE:RIO opened at $65.19 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.79 and a quick ratio of 1.34. The business has a fifty day simple moving average of $56.71 and a two-hundred day simple moving average of $60.92. Rio Tinto Group has a 1 year low of $50.92 and a 1 year high of $84.69.
Analysts Set New Price Targets
Rio Tinto Group Profile
Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company offers aluminum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and lithium. It also owns and operates open pit and underground mines, mills, refineries, smelters, power stations, and research and service facilities.
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