Truist Financial Corp grew its stake in shares of Rio Tinto Group (NYSE:RIO – Get Rating) by 19.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 196,474 shares of the mining company’s stock after purchasing an additional 31,320 shares during the period. Truist Financial Corp’s holdings in Rio Tinto Group were worth $10,817,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in RIO. Bank of New York Mellon Corp boosted its position in shares of Rio Tinto Group by 23.9% during the 1st quarter. Bank of New York Mellon Corp now owns 61,529 shares of the mining company’s stock worth $4,947,000 after purchasing an additional 11,879 shares in the last quarter. Cetera Advisor Networks LLC raised its stake in shares of Rio Tinto Group by 33.8% during the 1st quarter. Cetera Advisor Networks LLC now owns 6,549 shares of the mining company’s stock worth $527,000 after buying an additional 1,654 shares during the last quarter. BlackRock Inc. raised its stake in shares of Rio Tinto Group by 19.4% during the 1st quarter. BlackRock Inc. now owns 1,539,846 shares of the mining company’s stock worth $123,803,000 after buying an additional 250,480 shares during the last quarter. Vontobel Holding Ltd. acquired a new position in shares of Rio Tinto Group during the 1st quarter worth $499,000. Finally, Cetera Investment Advisers raised its stake in shares of Rio Tinto Group by 141.7% during the 1st quarter. Cetera Investment Advisers now owns 13,466 shares of the mining company’s stock worth $1,083,000 after buying an additional 7,894 shares during the last quarter. 10.43% of the stock is currently owned by hedge funds and other institutional investors.
Rio Tinto Group Stock Performance
NYSE RIO opened at $74.15 on Tuesday. Rio Tinto Group has a 12 month low of $50.92 and a 12 month high of $84.69. The company has a 50-day moving average of $67.20 and a 200-day moving average of $60.87. The company has a quick ratio of 1.34, a current ratio of 1.79 and a debt-to-equity ratio of 0.21.
Analyst Upgrades and Downgrades
Rio Tinto Group Company 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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