M&T Bank Corp Decreases Holdings in Rio Tinto plc ADR (RIO)

M&T Bank Corp lessened its stake in shares of Rio Tinto plc ADR (NYSE:RIO) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 63,055 shares of the mining company’s stock after selling 948 shares during the quarter. M&T Bank Corp’s holdings in Rio Tinto were worth $3,057,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of RIO. Reilly Financial Advisors LLC grew its stake in shares of Rio Tinto by 57.8% in the fourth quarter. Reilly Financial Advisors LLC now owns 1,365 shares of the mining company’s stock worth $66,000 after purchasing an additional 500 shares during the last quarter. Moody National Bank Trust Division grew its stake in shares of Rio Tinto by 54.3% in the fourth quarter. Moody National Bank Trust Division now owns 2,314 shares of the mining company’s stock worth $112,000 after purchasing an additional 814 shares during the last quarter. Private Capital Group LLC grew its stake in shares of Rio Tinto by 86.6% in the fourth quarter. Private Capital Group LLC now owns 2,426 shares of the mining company’s stock worth $118,000 after purchasing an additional 1,126 shares during the last quarter. Hudock Capital Group LLC grew its stake in shares of Rio Tinto by 16.7% in the fourth quarter. Hudock Capital Group LLC now owns 3,418 shares of the mining company’s stock worth $164,000 after purchasing an additional 490 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of Rio Tinto in the third quarter worth $213,000. 7.14% of the stock is currently owned by hedge funds and other institutional investors.

RIO opened at $56.03 on Monday. The company has a current ratio of 1.77, a quick ratio of 1.41 and a debt-to-equity ratio of 0.27. Rio Tinto plc ADR has a fifty-two week low of $44.62 and a fifty-two week high of $60.72. The stock has a market capitalization of $72.64 billion, a P/E ratio of 11.70 and a beta of 0.85.

Several equities analysts recently issued reports on RIO shares. CLSA lowered shares of Rio Tinto from an “outperform” rating to an “underperform” rating in a report on Thursday. Zacks Investment Research lowered shares of Rio Tinto from a “hold” rating to a “sell” rating in a report on Saturday, January 19th. Credit Suisse Group lowered shares of Rio Tinto from an “outperform” rating to a “neutral” rating in a report on Thursday, December 13th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Rio Tinto in a report on Wednesday, November 7th. Finally, Societe Generale lowered shares of Rio Tinto from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $58.25.

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Rio Tinto Profile

Rio Tinto plc, a mining and metals company, explores for, develops, produces, and processes minerals and metals worldwide. It finds, mines, and processes mineral resources, including aluminum, copper, diamonds, gold, industrial minerals (borates, titanium dioxide, and salt), iron ore, thermal and metallurgical coal, and uranium, as well as sulphuric acid, rhenium, lead carbonate, and selenium.

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Institutional Ownership by Quarter for Rio Tinto (NYSE:RIO)

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