Jeppson Wealth Management LLC Buys 6,473 Shares of Rio Tinto Group (NYSE:RIO)

Jeppson Wealth Management LLC raised its position in shares of Rio Tinto Group (NYSE:RIO - Free Report) by 47.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,093 shares of the mining company's stock after purchasing an additional 6,473 shares during the period. Jeppson Wealth Management LLC's holdings in Rio Tinto Group were worth $1,182,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Thrivent Financial for Lutherans increased its position in Rio Tinto Group by 25.3% during the second quarter. Thrivent Financial for Lutherans now owns 27,258 shares of the mining company's stock worth $1,797,000 after buying an additional 5,511 shares during the last quarter. AQR Capital Management LLC bought a new position in shares of Rio Tinto Group in the 2nd quarter valued at approximately $518,000. Creative Planning lifted its holdings in Rio Tinto Group by 4.6% in the 2nd quarter. Creative Planning now owns 76,747 shares of the mining company's stock worth $5,060,000 after purchasing an additional 3,360 shares during the last quarter. NewEdge Advisors LLC boosted its position in Rio Tinto Group by 289.4% during the second quarter. NewEdge Advisors LLC now owns 113,800 shares of the mining company's stock worth $7,503,000 after purchasing an additional 84,574 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Rio Tinto Group by 7.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 40,583 shares of the mining company's stock valued at $2,676,000 after purchasing an additional 2,728 shares during the last quarter. Institutional investors own 19.33% of the company's stock.

Rio Tinto Group Stock Down 3.4 %

Shares of RIO traded down $2.13 during trading hours on Tuesday, reaching $59.84. 5,131,452 shares of the company traded hands, compared to its average volume of 3,667,582. Rio Tinto Group has a 1-year low of $57.85 and a 1-year high of $74.24. The stock's fifty day moving average is $61.01 and its 200 day moving average is $63.28. The company has a quick ratio of 1.16, a current ratio of 1.70 and a debt-to-equity ratio of 0.23.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Macquarie restated a "neutral" rating on shares of Rio Tinto Group in a research note on Wednesday, October 16th. Jefferies Financial Group decreased 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 report on Monday, January 6th. StockNews.com lowered Rio Tinto Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Finally, Berenberg Bank raised Rio Tinto Group from a "hold" rating to a "buy" rating in a report on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $73.00.

About Rio Tinto Group

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.