Investment Movements in Rio Tinto PLC
LPL Financial LLC decreased its holdings in Rio Tinto PLC (NYSE: RIO) by 4.1% during the first quarter, according to its latest SEC filing. The firm held 308,346 shares at quarter's end, following a sale of 13,262 shares. These shares were valued at approximately $18.53 million at that time.
Institutional Investor Activities
Several other institutional investors have also adjusted their positions in Rio Tinto. For instance, Wayfinding Financial LLC and Alpine Bank Wealth Management each acquired new stakes worth $30,000 in the first quarter. Bfsg LLC significantly increased its investment by over 5,750%, now owning 644 shares valued at around $39,000 after adding 633 shares. Additionally, Ameriflex Group Inc. and SJS Investment Consulting Inc. expanded their holdings, with the latter increasing its position by 577.9% to hold 922 shares valued at about $55,000.
Share Ownership and Analyst Ratings
Institutional investors collectively own approximately 19.33% of Rio Tinto's stock. Recent analyst assessments for the company include ratings reasserted by Barclays as 'overweight,' while others like Wall Street Z...