Rio Tinto Group (NYSE:RIO) Shares Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. raised its position in Rio Tinto Group (NYSE:RIO - Free Report) by 85.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,302 shares of the mining company's stock after acquiring an additional 4,292 shares during the quarter. Nomura Holdings Inc.'s holdings in Rio Tinto Group were worth $547,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of RIO. Rakuten Securities Inc. boosted its stake in shares of Rio Tinto Group by 74.8% in the fourth quarter. Rakuten Securities Inc. now owns 493 shares of the mining company's stock valued at $29,000 after purchasing an additional 211 shares during the period. Mechanics Financial Corp purchased a new position in Rio Tinto Group in the 4th quarter valued at approximately $29,000. Golden State Wealth Management LLC acquired a new position in shares of Rio Tinto Group in the fourth quarter worth $47,000. HHM Wealth Advisors LLC acquired a new position in shares of Rio Tinto Group in the fourth quarter worth $50,000. Finally, FSC Wealth Advisors LLC increased its position in shares of Rio Tinto Group by 150.0% during the fourth quarter. FSC Wealth Advisors LLC now owns 1,000 shares of the mining company's stock worth $59,000 after acquiring an additional 600 shares during the period. 19.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. DZ Bank upgraded Rio Tinto Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 27th. Wall Street Zen lowered Rio Tinto Group from a "strong-buy" rating to a "buy" rating in a research report on Monday, April 28th. Clarkson Capital upgraded Rio Tinto Group to a "strong-buy" rating in a research note on Friday, February 28th. Barclays restated an "overweight" rating on shares of Rio Tinto Group in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. began coverage on shares of Rio Tinto Group in a report on Tuesday, March 18th. They issued an "overweight" rating on the stock. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $73.00.

Rio Tinto Group Stock Down 1.3%

Shares of NYSE:RIO traded down $0.80 on Tuesday, hitting $60.78. 4,490,691 shares of the company's stock were exchanged, compared to its average volume of 2,860,290. Rio Tinto Group has a 1-year low of $51.67 and a 1-year high of $72.08. The company has a market capitalization of $76.22 billion, a PE ratio of 9.42, a P/E/G ratio of 0.42 and a beta of 0.73. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.63. The firm's 50-day moving average is $59.55 and its 200 day moving average is $60.82.

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.