Rothschild Investment LLC Invests $464,000 in Rio Tinto Group (NYSE:RIO)

Rothschild Investment LLC purchased a new stake in Rio Tinto Group (NYSE:RIO) during the second quarter, according to its most recent filing with the SEC. The firm purchased 7,033 shares of the mining company’s stock, valued at approximately $464,000.

Several other hedge funds and other institutional investors have also bought and sold shares of RIO. Russell Investments Group Ltd. boosted its holdings in Rio Tinto Group by 0.4% during the first quarter. Russell Investments Group Ltd. now owns 39,964 shares of the mining company’s stock worth $2,547,000 after purchasing an additional 147 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings 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 acquiring an additional 148 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Rio Tinto Group by 8.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,922 shares of the mining company’s stock valued at $143,000 after acquiring an additional 150 shares during the last quarter. Optas LLC raised its holdings in Rio Tinto Group by 4.2% during the first quarter. Optas LLC now owns 3,833 shares of the mining company’s stock worth $244,000 after acquiring an additional 154 shares in the last quarter. Finally, Eagle Bluffs Wealth Management LLC boosted its position in Rio Tinto Group by 1.1% during the second quarter. Eagle Bluffs Wealth Management LLC now owns 14,997 shares of the mining company’s stock valued at $989,000 after purchasing an additional 163 shares during the last quarter. Institutional investors own 19.33% of the company’s stock.

Rio Tinto Group Stock Down 0.1 %

Shares of RIO opened at $63.27 on Monday. The company’s 50-day moving average is $64.67 and its 200-day moving average is $66.09. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.70 and a quick ratio of 1.16. Rio Tinto Group has a fifty-two week low of $59.80 and a fifty-two week high of $75.09.

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 issued a $1.77 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a yield of 6.8%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RIO. StockNews.com lowered Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Royal Bank of Canada raised shares of Rio Tinto Group to a “hold” rating in a research report on Wednesday, July 31st. Citigroup downgraded shares of Rio Tinto Group from a “buy” rating to a “neutral” rating in a research report on Monday, May 20th. Berenberg Bank lowered shares of Rio Tinto Group from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. Finally, Hsbc Global Res upgraded shares of Rio Tinto Group to a “strong-buy” rating in a research note on Tuesday, July 23rd. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently 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.