Whittier Trust Co. of Nevada Inc. Purchases 485 Shares of Rio Tinto Group (NYSE:RIO)

Whittier Trust Co. of Nevada Inc. increased its position in shares of Rio Tinto Group (NYSE:RIO) by 19.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,025 shares of the mining company’s stock after acquiring an additional 485 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Rio Tinto Group were worth $215,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of RIO. Bank of Montreal Can grew its holdings in shares of Rio Tinto Group by 237.0% during the second 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 during the last quarter. Natixis Advisors LLC grew its holdings in Rio Tinto Group by 8.7% during the 2nd quarter. Natixis Advisors LLC now owns 695,731 shares of the mining company’s stock worth $45,870,000 after acquiring an additional 55,967 shares during the last quarter. First City Capital Management Inc. increased its position in Rio Tinto Group by 118.5% in the 2nd quarter. First City Capital Management Inc. now owns 15,178 shares of the mining company’s stock valued at $1,001,000 after acquiring an additional 8,230 shares during the period. QRG Capital Management Inc. raised its stake in shares of Rio Tinto Group by 38.1% during the second quarter. QRG Capital Management Inc. now owns 95,497 shares of the mining company’s stock valued at $6,296,000 after acquiring an additional 26,329 shares during the last quarter. Finally, Capstone Investment Advisors LLC acquired a new position in shares of Rio Tinto Group during the first quarter worth $1,734,000. Institutional investors and hedge funds own 19.33% of the company’s stock.

Analyst Ratings Changes

RIO has been the subject of several analyst reports. Berenberg Bank raised Rio Tinto Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. StockNews.com raised Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 6th. Royal Bank of Canada raised shares of Rio Tinto Group to a “hold” rating in a research report on Wednesday, July 31st. Macquarie restated a “neutral” rating on shares of Rio Tinto Group in a research report on Wednesday, October 16th. Finally, Hsbc Global Res upgraded shares of Rio Tinto Group to a “strong-buy” rating in a research report on Tuesday, July 23rd. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Rio Tinto Group Trading Down 1.5 %

Rio Tinto Group stock opened at $64.49 on Thursday. Rio Tinto Group has a 12-month low of $59.35 and a 12-month high of $75.09. The firm’s fifty day moving average is $64.77 and its 200 day moving average is $66.37. 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 business also recently disclosed a semi-annual dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, August 16th were given a dividend of $1.77 per share. The ex-dividend date was Friday, August 16th. This represents a dividend yield of 6.8%.

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.