Rio Tinto Group (NYSE:RIO) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC increased its stake in Rio Tinto Group (NYSE:RIO - Free Report) by 409.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,476 shares of the mining company's stock after acquiring an additional 22,882 shares during the period. SG Americas Securities LLC's holdings in Rio Tinto Group were worth $1,711,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in RIO. Walker Asset Management LLC lifted its holdings in Rio Tinto Group by 4.8% in the first quarter. Walker Asset Management LLC now owns 4,326 shares of the mining company's stock worth $260,000 after buying an additional 200 shares during the period. SJS Investment Consulting Inc. lifted its stake in shares of Rio Tinto Group by 577.9% in the first quarter. SJS Investment Consulting Inc. now owns 922 shares of the mining company's stock worth $55,000 after buying an additional 786 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Rio Tinto Group by 36.8% in the 1st quarter. GAMMA Investing LLC now owns 2,546 shares of the mining company's stock worth $153,000 after purchasing an additional 685 shares in the last quarter. Farther Finance Advisors LLC raised its position in Rio Tinto Group by 24.2% in the 1st quarter. Farther Finance Advisors LLC now owns 4,023 shares of the mining company's stock worth $242,000 after buying an additional 785 shares during the last quarter. Finally, Courier Capital LLC lifted its stake in Rio Tinto Group by 72.3% during the 1st quarter. Courier Capital LLC now owns 21,174 shares of the mining company's stock valued at $1,272,000 after acquiring an additional 8,885 shares during the period. Institutional investors own 19.33% of the company's stock.

Rio Tinto Group Stock Up 0.5%

Shares of NYSE RIO traded up $0.30 during midday trading on Monday, reaching $58.30. 3,408,664 shares of the company's stock traded hands, compared to its average volume of 2,944,358. The company has a market cap of $73.11 billion, a price-to-earnings ratio of 9.04, a P/E/G ratio of 0.42 and a beta of 0.68. The stock's 50 day simple moving average is $59.46 and its 200-day simple moving average is $60.56. The company has a quick ratio of 1.16, a current ratio of 1.63 and a debt-to-equity ratio of 0.23. Rio Tinto Group has a one year low of $51.67 and a one year high of $72.08.

Analysts Set New Price Targets

Several analysts recently commented on RIO shares. Wall Street Zen lowered Rio Tinto Group from a "strong-buy" rating to a "buy" rating in a report on Monday, April 28th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Rio Tinto Group in a research report on Tuesday, June 3rd. Barclays reissued an "overweight" rating on shares of Rio Tinto Group in a report on Wednesday, April 16th. JPMorgan Chase & Co. assumed coverage on shares of Rio Tinto Group in a report on Tuesday, March 18th. They set an "overweight" rating for the company. Finally, DZ Bank upgraded shares of Rio Tinto Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 27th. Four analysts have rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $73.00.

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.