SG Americas Securities LLC Sells 10,289 Shares of Rio Tinto Group (NYSE:RIO)

SG Americas Securities LLC trimmed its holdings in shares of Rio Tinto Group (NYSE:RIO) by 75.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,263 shares of the mining company’s stock after selling 10,289 shares during the quarter. SG Americas Securities LLC’s holdings in Rio Tinto Group were worth $232,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of RIO. Bank of Montreal Can increased its stake in Rio Tinto Group by 237.0% during the 2nd quarter. Bank of Montreal Can now owns 2,472,471 shares of the mining company’s stock worth $164,493,000 after purchasing an additional 1,738,752 shares in the last quarter. National Bank of Canada FI grew its stake in shares of Rio Tinto Group by 296.2% during the 1st quarter. National Bank of Canada FI now owns 1,022,765 shares of the mining company’s stock worth $71,382,000 after acquiring an additional 764,635 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of Rio Tinto Group during the 2nd quarter worth approximately $48,129,000. Palliser Capital UK Ltd grew its stake in shares of Rio Tinto Group by 690.6% during the 2nd quarter. Palliser Capital UK Ltd now owns 499,675 shares of the mining company’s stock worth $32,944,000 after acquiring an additional 436,475 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Rio Tinto Group by 78.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 858,050 shares of the mining company’s stock worth $56,565,000 after acquiring an additional 376,778 shares in the last quarter. 19.33% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

RIO has been the subject of several research reports. Macquarie reaffirmed a “neutral” rating on shares of Rio Tinto Group in a research note on Wednesday, October 16th. HSBC raised shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a research note on Tuesday, July 23rd. Berenberg Bank raised shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Hsbc Global Res raised shares of Rio Tinto Group to a “strong-buy” rating in a research note on Tuesday, July 23rd. Finally, StockNews.com raised shares of Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 6th. Four analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Rio Tinto Group Trading Down 0.6 %

Shares of Rio Tinto Group stock opened at $64.95 on Tuesday. The business has a fifty day simple moving average of $64.70 and a two-hundred day simple moving average of $66.37. Rio Tinto Group has a 1 year low of $59.35 and a 1 year high of $75.09. The company has a quick ratio of 1.16, a current ratio of 1.70 and a debt-to-equity ratio of 0.23.

Rio Tinto Group Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, August 16th were issued a dividend of $1.77 per share. This represents a yield of 6.8%. The ex-dividend date was Friday, August 16th.

About Rio Tinto Group

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.