Keybank National Association OH Cuts Stock Position in Rio Tinto Group (NYSE:RIO)

Keybank National Association OH lessened its stake in Rio Tinto Group (NYSE:RIOGet Rating) by 7.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,240 shares of the mining company’s stock after selling 2,293 shares during the period. Keybank National Association OH’s holdings in Rio Tinto Group were worth $1,610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Coastline Trust Co grew its stake in Rio Tinto Group by 1.0% in the second quarter. Coastline Trust Co now owns 17,361 shares of the mining company’s stock valued at $1,059,000 after purchasing an additional 180 shares during the last quarter. Cullen Frost Bankers Inc. grew its stake in shares of Rio Tinto Group by 8.9% during the second quarter. Cullen Frost Bankers Inc. now owns 2,195 shares of the mining company’s stock worth $134,000 after acquiring an additional 180 shares during the last quarter. GPS Wealth Strategies Group LLC grew its stake in shares of Rio Tinto Group by 12.4% during the second quarter. GPS Wealth Strategies Group LLC now owns 1,681 shares of the mining company’s stock worth $103,000 after acquiring an additional 185 shares during the last quarter. Rothschild Investment Corp IL grew its stake in shares of Rio Tinto Group by 3.8% during the second quarter. Rothschild Investment Corp IL now owns 5,400 shares of the mining company’s stock worth $329,000 after acquiring an additional 200 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC grew its stake in shares of Rio Tinto Group by 2.9% during the third quarter. YorkBridge Wealth Partners LLC now owns 7,100 shares of the mining company’s stock worth $391,000 after acquiring an additional 203 shares during the last quarter. Hedge funds and other institutional investors own 10.43% of the company’s stock.

Rio Tinto Group Stock Performance

Shares of RIO opened at $74.07 on Monday. Rio Tinto Group has a 52-week low of $50.92 and a 52-week high of $84.69. The firm’s fifty day moving average is $66.78 and its two-hundred day moving average is $60.77. The company has a quick ratio of 1.34, a current ratio of 1.79 and a debt-to-equity ratio of 0.21.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Morgan Stanley decreased their target price on Rio Tinto Group from GBX 6,040 ($72.77) to GBX 5,700 ($68.67) in a report on Thursday, December 8th. Deutsche Bank Aktiengesellschaft lifted their target price on Rio Tinto Group from GBX 5,700 ($68.67) to GBX 5,800 ($69.88) in a report on Wednesday, November 23rd. UBS Group downgraded Rio Tinto Group from a “neutral” rating to a “sell” rating in a report on Tuesday, December 13th. Citigroup lowered shares of Rio Tinto Group from a “buy” rating to a “neutral” rating in a research report on Thursday, December 1st. Finally, JPMorgan Chase & Co. lowered shares of Rio Tinto Group from a “neutral” rating to an “underweight” rating in a research note on Tuesday, December 13th. Five research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $3,856.67.

Rio Tinto Group Company Profile

(Get Rating)

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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Institutional Ownership by Quarter for Rio Tinto Group (NYSE:RIO)

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