Rio Tinto PLC $RIO Stock Position Raised by Fisher Asset Management LLC

Fisher Asset Management LLC raised its stake in shares of Rio Tinto PLC (NYSE:RIOFree Report) by 3.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 19,120,168 shares of the mining company’s stock after acquiring an additional 557,234 shares during the quarter. Fisher Asset Management LLC’s holdings in Rio Tinto were worth $1,262,122,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Aprio Wealth Management LLC bought a new position in Rio Tinto in the third quarter worth $204,000. Commons Capital LLC acquired a new stake in shares of Rio Tinto during the 3rd quarter valued at about $1,980,000. Aviso Financial Inc. raised its position in Rio Tinto by 3.6% in the third quarter. Aviso Financial Inc. now owns 21,200 shares of the mining company’s stock worth $1,399,000 after purchasing an additional 744 shares in the last quarter. Nicholas Hoffman & Company LLC. lifted its stake in Rio Tinto by 5.2% during the third quarter. Nicholas Hoffman & Company LLC. now owns 3,830 shares of the mining company’s stock worth $253,000 after purchasing an additional 188 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Rio Tinto by 15.1% during the third quarter. American Century Companies Inc. now owns 368,680 shares of the mining company’s stock valued at $24,337,000 after purchasing an additional 48,369 shares in the last quarter. Institutional investors own 19.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on RIO. Royal Bank Of Canada restated a “sector perform” rating on shares of Rio Tinto in a research report on Thursday, January 22nd. Citigroup upgraded shares of Rio Tinto to a “hold” rating in a research note on Tuesday, February 10th. Barclays downgraded shares of Rio Tinto from an “overweight” rating to an “equal weight” rating in a report on Tuesday, February 24th. Erste Group Bank raised shares of Rio Tinto from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Finally, DZ Bank downgraded Rio Tinto from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $85.00.

Check Out Our Latest Report on RIO

More Rio Tinto News

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

Rio Tinto Trading Up 0.2%

Shares of RIO stock opened at $99.30 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 0.98. Rio Tinto PLC has a 12-month low of $51.67 and a 12-month high of $101.53. The firm has a fifty day moving average of $89.84 and a 200-day moving average of $75.64.

Rio Tinto Announces Dividend

The company also recently announced a dividend, which will be paid on Thursday, April 16th. Shareholders of record on Friday, March 6th will be issued a dividend of $2.54 per share. This represents a yield of 527.0%. The ex-dividend date is Friday, March 6th.

Rio Tinto Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Rio Tinto (NYSE:RIO)

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