Capstone Triton Financial Group LLC Grows Position in Rio Tinto Group (NYSE:RIO)

Capstone Triton Financial Group LLC lifted its holdings in shares of Rio Tinto Group (NYSE:RIO) by 2.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,258 shares of the mining company’s stock after purchasing an additional 576 shares during the quarter. Capstone Triton Financial Group LLC’s holdings in Rio Tinto Group were worth $1,336,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of RIO. Northwest Investment Counselors LLC purchased a new stake in Rio Tinto Group during the first quarter valued at about $26,000. Geneos Wealth Management Inc. raised its holdings in shares of Rio Tinto Group by 55.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 415 shares of the mining company’s stock valued at $26,000 after buying an additional 148 shares in the last quarter. GHP Investment Advisors Inc. bought a new stake in Rio Tinto Group in the 2nd quarter worth approximately $26,000. YHB Investment Advisors Inc. purchased a new stake in Rio Tinto Group in the first quarter worth approximately $29,000. Finally, LifeSteps Financial Inc. bought a new position in Rio Tinto Group during the first quarter valued at approximately $33,000. 19.33% of the stock is currently owned by institutional investors.

Rio Tinto Group Stock Performance

Shares of NYSE RIO opened at $63.58 on Friday. Rio Tinto Group has a 1 year low of $59.35 and a 1 year high of $75.09. The company’s 50-day moving average is $63.10 and its 200 day moving average is $65.66. The company has a current ratio of 1.70, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23.

Rio Tinto Group Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, September 26th. Investors of record on Friday, August 16th will be paid a $1.77 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a yield of 6.8%.

Analyst Ratings Changes

A number of brokerages recently commented on RIO. HSBC upgraded shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a research report on Tuesday, July 23rd. Royal Bank of Canada raised Rio Tinto Group to a “hold” rating in a research note on Wednesday, July 31st. Berenberg Bank cut shares of Rio Tinto Group from a “buy” rating to a “hold” rating in a report on Thursday, June 27th. StockNews.com upgraded shares of Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 6th. Finally, Hsbc Global Res upgraded shares of Rio Tinto Group to a “strong-buy” rating in a report on Tuesday, July 23rd. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

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.