Blue Trust Inc. Sells 4,414 Shares of Rio Tinto Group (NYSE:RIO)

Blue Trust Inc. trimmed its holdings in shares of Rio Tinto Group (NYSE:RIO - Free Report) by 34.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 8,511 shares of the mining company's stock after selling 4,414 shares during the period. Blue Trust Inc.'s holdings in Rio Tinto Group were worth $501,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jeppson Wealth Management LLC increased its position in Rio Tinto Group by 47.5% in the 4th quarter. Jeppson Wealth Management LLC now owns 20,093 shares of the mining company's stock valued at $1,182,000 after acquiring an additional 6,473 shares in the last quarter. Philip James Wealth Mangement LLC acquired a new stake in Rio Tinto Group in the 3rd quarter valued at about $1,345,000. Fisher Asset Management LLC increased its position in Rio Tinto Group by 2.9% in the 3rd quarter. Fisher Asset Management LLC now owns 17,528,095 shares of the mining company's stock valued at $1,247,475,000 after acquiring an additional 485,731 shares in the last quarter. Northwest Bancshares Inc. acquired a new stake in Rio Tinto Group in the 3rd quarter valued at about $1,440,000. Finally, Barclays PLC increased its position in Rio Tinto Group by 225.6% in the 3rd quarter. Barclays PLC now owns 335,637 shares of the mining company's stock valued at $23,888,000 after acquiring an additional 232,539 shares in the last quarter. 19.33% of the stock is owned by institutional investors.

Rio Tinto Group Price Performance

Rio Tinto Group stock traded down $0.87 during midday trading on Friday, hitting $63.43. 2,258,985 shares of the stock were exchanged, compared to its average volume of 3,209,212. The company has a fifty day simple moving average of $60.61 and a two-hundred day simple moving average of $62.94. Rio Tinto Group has a 52 week low of $57.85 and a 52 week high of $74.24. The company has a quick ratio of 1.16, a current ratio of 1.70 and a debt-to-equity ratio of 0.23.

Analysts Set New Price Targets

Several equities research analysts have recently commented on RIO shares. Jefferies Financial Group lowered their price target on shares of Rio Tinto Group from $83.00 to $73.00 and set a "buy" rating for the company in a research report on Monday, January 6th. StockNews.com upgraded shares of Rio Tinto Group from a "buy" rating to a "strong-buy" rating in a research report on Friday, February 14th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average 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.