Rio Tinto Group (NYSE:RIO) Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC raised its holdings in shares of Rio Tinto Group (NYSE:RIO) by 11.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,137 shares of the mining company’s stock after acquiring an additional 4,480 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Rio Tinto Group were worth $2,759,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. GHP Investment Advisors Inc. acquired a new stake in shares of Rio Tinto Group in the 2nd quarter valued at about $26,000. Northwest Investment Counselors LLC acquired a new stake in shares of Rio Tinto Group in the 1st quarter valued at about $26,000. Geneos Wealth Management Inc. boosted its position in shares of Rio Tinto Group by 55.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 415 shares of the mining company’s stock valued at $26,000 after purchasing an additional 148 shares during the period. YHB Investment Advisors Inc. acquired a new stake in shares of Rio Tinto Group in the 1st quarter valued at about $29,000. Finally, LifeSteps Financial Inc. acquired a new stake in shares of Rio Tinto Group in the 1st quarter valued at about $33,000. 19.33% of the stock is owned by institutional investors and hedge funds.

Rio Tinto Group Stock Down 2.5 %

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 business has a 50 day moving average price of $63.10 and a 200 day moving average price of $65.66. 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 business also recently declared a semi-annual dividend, which will be paid on Thursday, September 26th. Shareholders of record on Friday, August 16th will be given a dividend of $1.77 per share. This represents a yield of 6.8%. The ex-dividend date of this dividend is Friday, August 16th.

Analyst Ratings Changes

RIO has been the subject of a number of recent research reports. Royal Bank of Canada raised Rio Tinto Group to a “hold” rating in a research report on Wednesday, July 31st. HSBC raised Rio Tinto Group from a “hold” rating to a “buy” rating in a research report on Tuesday, July 23rd. Hsbc Global Res raised Rio Tinto Group to a “strong-buy” rating in a research report on Tuesday, July 23rd. Berenberg Bank downgraded Rio Tinto Group from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. Finally, StockNews.com raised Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 6th. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Rio Tinto Group 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.