Stifel Financial Corp Has $22.69 Million Stock Holdings in Rio Tinto Group (NYSE:RIO)

Stifel Financial Corp cut its stake in Rio Tinto Group (NYSE:RIO - Free Report) by 11.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 318,812 shares of the mining company's stock after selling 42,553 shares during the period. Stifel Financial Corp's holdings in Rio Tinto Group were worth $22,690,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Fisher Asset Management LLC increased its holdings in shares of Rio Tinto Group by 2.9% in the third quarter. Fisher Asset Management LLC now owns 17,528,095 shares of the mining company's stock valued at $1,247,475,000 after buying an additional 485,731 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Rio Tinto Group by 237.0% in the second quarter. Bank of Montreal Can now owns 2,472,471 shares of the mining company's stock valued at $164,493,000 after buying an additional 1,738,752 shares in the last quarter. FMR LLC increased its holdings in shares of Rio Tinto Group by 35.1% in the third quarter. FMR LLC now owns 1,381,766 shares of the mining company's stock valued at $98,340,000 after buying an additional 358,630 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its holdings in shares of Rio Tinto Group by 9.8% in the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 932,151 shares of the mining company's stock valued at $66,341,000 after buying an additional 83,569 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Rio Tinto Group by 78.3% in the second quarter. Dimensional Fund Advisors LP now owns 858,050 shares of the mining company's stock valued at $56,565,000 after buying an additional 376,778 shares in the last quarter. 19.33% of the stock is currently owned by institutional investors.

Rio Tinto Group Price Performance

Shares of NYSE RIO traded up $2.77 during mid-day trading on Monday, reaching $64.88. The company had a trading volume of 5,648,445 shares, compared to its average volume of 2,747,147. Rio Tinto Group has a twelve month low of $59.35 and a twelve month high of $75.09. The company has a current ratio of 1.70, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23. The stock's 50 day moving average is $64.95 and its 200-day moving average is $65.18.

Analyst Ratings Changes

RIO has been the topic of several recent analyst reports. Macquarie reissued a "neutral" rating on shares of Rio Tinto Group in a research note on Wednesday, October 16th. Berenberg Bank raised shares of Rio Tinto Group from a "hold" rating to a "buy" rating in a research note on Wednesday, October 2nd. Finally, StockNews.com downgraded shares of Rio Tinto Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

Rio Tinto Group 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.