Capstone Triton Financial Group LLC Acquires 576 Shares of Rio Tinto Group (NYSE:RIO)

Capstone Triton Financial Group LLC raised its holdings in shares of Rio Tinto Group (NYSE:RIO) by 2.9% in the second quarter, Holdings Channel.com reports. The firm owned 20,258 shares of the mining company’s stock after purchasing an additional 576 shares during the period. Capstone Triton Financial Group LLC’s holdings in Rio Tinto Group were worth $1,336,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Northwest Investment Counselors LLC bought a new position in Rio Tinto Group during the 1st quarter valued at approximately $26,000. Geneos Wealth Management Inc. raised 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 worth $26,000 after purchasing an additional 148 shares during the last quarter. GHP Investment Advisors Inc. bought a new position in Rio Tinto Group in the 2nd quarter worth about $26,000. YHB Investment Advisors Inc. purchased a new stake in Rio Tinto Group during the 1st quarter valued at about $29,000. Finally, LifeSteps Financial Inc. bought a new stake in Rio Tinto Group during the 1st quarter valued at about $33,000. Institutional investors own 19.33% of the company’s stock.

Rio Tinto Group Trading Down 2.5 %

RIO opened at $63.58 on Friday. Rio Tinto Group has a 12-month low of $59.35 and a 12-month 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 debt-to-equity ratio of 0.23, a current ratio of 1.70 and a quick ratio of 1.16.

Rio Tinto Group Cuts Dividend

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

Analyst Ratings Changes

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