Rathbones Group PLC Has $851,000 Stock Holdings in Rio Tinto PLC $RIO

Rathbones Group PLC trimmed its position in shares of Rio Tinto PLC (NYSE:RIO) by 36.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,125 shares of the mining company’s stock after selling 5,220 shares during the period. Rathbones Group PLC’s holdings in Rio Tinto were worth $851,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Fisher Asset Management LLC grew its stake in shares of Rio Tinto by 2.7% in the 4th quarter. Fisher Asset Management LLC now owns 19,642,744 shares of the mining company’s stock valued at $1,572,009,000 after buying an additional 522,576 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Rio Tinto by 170.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,886,335 shares of the mining company’s stock valued at $311,023,000 after acquiring an additional 2,451,140 shares in the last quarter. Bank of America Corp DE raised its position in Rio Tinto by 6.6% during the first quarter. Bank of America Corp DE now owns 3,623,294 shares of the mining company’s stock valued at $338,017,000 after acquiring an additional 225,016 shares in the last quarter. Bank of Montreal Can lifted its stake in Rio Tinto by 8.6% in the fourth quarter. Bank of Montreal Can now owns 2,221,469 shares of the mining company’s stock valued at $177,784,000 after acquiring an additional 175,833 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in Rio Tinto by 102.6% in the fourth quarter. Deutsche Bank AG now owns 2,216,935 shares of the mining company’s stock valued at $177,421,000 after acquiring an additional 1,122,667 shares during the last quarter. Institutional investors and hedge funds own 19.33% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on RIO. Sanford C. Bernstein increased their price target on shares of Rio Tinto from $82.00 to $83.50 and gave the stock an “outperform” rating in a research note on Monday, April 27th. Royal Bank Of Canada lowered shares of Rio Tinto from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, June 3rd. Citigroup reiterated a “neutral” rating on shares of Rio Tinto in a report on Thursday, July 9th. Weiss Ratings raised shares of Rio Tinto from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 30th. Finally, Morgan Stanley lowered Rio Tinto from an “equal weight” rating to an “underweight” rating in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $105.50.

Rio Tinto Stock Performance

NYSE RIO opened at $101.61 on Thursday. The company has a current ratio of 1.42, a quick ratio of 0.93 and a debt-to-equity ratio of 0.29. The firm has a 50-day simple moving average of $97.12 and a 200 day simple moving average of $96.52. Rio Tinto PLC has a twelve month low of $60.09 and a twelve month high of $112.58.

Rio Tinto Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, September 24th. Shareholders of record on Friday, August 14th will be issued a $2.11 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a yield of 438.0%.

Key Headlines Impacting Rio Tinto

Here are the key news stories impacting Rio Tinto this week:

• Positive Sentiment: Rio Tinto’s reported $3 billion asset sale has attracted interest from private-equity firms including Blackstone and KKR. A successful sale could generate cash, simplify the portfolio and support capital returns or debt reduction. Rio Tinto’s $3B asset sale lures private equity giants including Blackstone, KKR
• Positive Sentiment: European markets closed higher amid generally solid corporate earnings and easing geopolitical concerns, providing a supportive backdrop for large-cap miners such as Rio Tinto. European Stocks Close Higher Tuesday on Earnings Strength, Hormuz Talks
• Neutral Sentiment: Rio Tinto is reportedly unlikely to revive merger discussions with Glencore in the near term because of the existing standstill agreement. This removes near-term deal speculation while also reducing the risks associated with pursuing a major combination. Market Chatter: Rio Tinto Unlikely to Revisit Merger Talks With Glencore Soon
• Negative Sentiment: Investors purchased 7,236 Rio Tinto put options, roughly 85% above typical daily volume. The activity signals increased demand for downside protection or bearish positioning, although it does not necessarily predict a fundamental deterioration.
• Negative Sentiment: Rio Tinto’s Bell Bay aluminum smelter was reportedly excluded from Australia’s green-aluminum support program, potentially leaving the facility at a competitive disadvantage and increasing pressure on its economics. Rio Tinto’s Bell Bay Smelter Excluded from Australia’s Green Aluminum Support Scheme
• Negative Sentiment: Rio Tinto’s iron-ore leadership reportedly warned that a union membership drive could influence where future investment is allocated, highlighting potential labor-cost, operational and capital-allocation risks. Rio Tinto’s iron ore boss spells out why unions’ membership drive a reason to divert investment

About Rio Tinto

Rio Tinto is a global mining and metals company that explores for, mines, processes and markets a wide range of commodities. Its principal products include iron ore, aluminum, copper, diamonds and various other minerals and industrial materials. The company’s activities span the full value chain from exploration and project development to mining, processing, smelting and refining, supplying raw materials to industries such as steelmaking, automotive, packaging, electronics and construction.

The origins of Rio Tinto date back to mining operations in the Rio Tinto region of Spain in the 19th century, and the group has since grown into a multinational enterprise.