Union Bancaire Privee UBP SA Invests $1.14 Million in Rio Tinto Group (NYSE:RIO)

Union Bancaire Privee UBP SA acquired a new position in shares of Rio Tinto Group (NYSE:RIO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 19,582 shares of the mining company's stock, valued at approximately $1,140,000.

Other large investors have also recently bought and sold shares of the company. Philip James Wealth Mangement LLC acquired a new stake in Rio Tinto Group during the 3rd quarter valued at $1,345,000. Fisher Asset Management LLC increased its holdings in shares of Rio Tinto Group by 2.9% during the 3rd quarter. Fisher Asset Management LLC now owns 17,528,095 shares of the mining company's stock worth $1,247,475,000 after buying an additional 485,731 shares during the last quarter. Northwest Bancshares Inc. acquired a new position in shares of Rio Tinto Group in the 3rd quarter valued at about $1,440,000. Barclays PLC increased its position in Rio Tinto Group by 225.6% during the 3rd quarter. Barclays PLC now owns 335,637 shares of the mining company's stock worth $23,888,000 after purchasing an additional 232,539 shares in the last quarter. Finally, Marshall Financial Group LLC purchased a new position in shares of Rio Tinto Group in the 4th quarter valued at $810,000. Hedge funds and other institutional investors own 19.33% of the company's stock.

Rio Tinto Group Stock Performance

NYSE RIO traded down $0.52 during trading on Friday, hitting $60.39. 2,143,415 shares of the company traded hands, compared to its average volume of 3,529,715. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.70 and a quick ratio of 1.16. The business has a fifty day simple moving average of $60.87 and a 200 day simple moving average of $63.17. Rio Tinto Group has a 12 month low of $57.85 and a 12 month high of $74.24.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Jefferies Financial Group decreased their price objective 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. Macquarie restated a "neutral" rating on shares of Rio Tinto Group in a research report on Wednesday, October 16th. Finally, StockNews.com downgraded Rio Tinto Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, January 25th. 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 stock. According to data from MarketBeat, Rio Tinto Group currently has a consensus rating of "Moderate Buy" and an average target price 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.