Bartlett & CO. Wealth Management LLC Sells 540 Shares of Rio Tinto Group (NYSE:RIO)

Bartlett & CO. Wealth Management LLC trimmed its holdings in shares of Rio Tinto Group (NYSE:RIO) by 7.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its position in Rio Tinto Group by 78.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 858,050 shares of the mining company’s stock valued at $56,565,000 after acquiring an additional 376,778 shares in the last quarter. AE Wealth Management LLC lifted its stake in shares of Rio Tinto Group by 4.8% during the 2nd quarter. AE Wealth Management LLC now owns 8,200 shares of the mining company’s stock worth $541,000 after purchasing an additional 378 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in Rio Tinto Group by 25.3% in the second quarter. Thrivent Financial for Lutherans now owns 27,258 shares of the mining company’s stock valued at $1,797,000 after purchasing an additional 5,511 shares during the last quarter. 1832 Asset Management L.P. raised its holdings in Rio Tinto Group by 38.7% in the second quarter. 1832 Asset Management L.P. now owns 17,649 shares of the mining company’s stock worth $1,164,000 after purchasing an additional 4,924 shares in the last quarter. Finally, AQR Capital Management LLC bought a new position in Rio Tinto Group in the second quarter worth about $518,000. Hedge funds and other institutional investors own 19.33% of the company’s stock.

Rio Tinto Group Stock Performance

NYSE:RIO opened at $62.11 on Friday. The company’s fifty day moving average price is $60.99 and its 200-day moving average price is $63.41. The company has a current ratio of 1.70, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23. Rio Tinto Group has a 1-year low of $57.85 and a 1-year high of $74.24.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RIO. Jefferies Financial Group cut their price objective on shares of Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Macquarie reaffirmed a “neutral” rating on shares of Rio Tinto Group in a research report on Wednesday, October 16th. Berenberg Bank upgraded Rio Tinto Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Finally, StockNews.com lowered Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $73.00.

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.