Rio Tinto PLC $RIO Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its stake in Rio Tinto PLC (NYSE:RIOFree Report) by 3.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,120,168 shares of the mining company’s stock after purchasing an additional 557,234 shares during the quarter. Fisher Asset Management LLC owned about 1.52% of Rio Tinto worth $1,262,122,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aprio Wealth Management LLC acquired a new position in Rio Tinto during the third quarter valued at approximately $204,000. Commons Capital LLC purchased a new stake in shares of Rio Tinto during the third quarter valued at approximately $1,980,000. Aviso Financial Inc. lifted its position in shares of Rio Tinto by 3.6% during 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. grew its holdings in Rio Tinto by 5.2% during the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 3,830 shares of the mining company’s stock valued at $253,000 after purchasing an additional 188 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Rio Tinto by 15.1% during the 3rd quarter. American Century Companies Inc. now owns 368,680 shares of the mining company’s stock worth $24,337,000 after buying an additional 48,369 shares during the period. 19.33% of the stock is currently owned by institutional investors and hedge funds.

More Rio Tinto News

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

Wall Street Analyst Weigh In

RIO has been the topic of a number of analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Rio Tinto in a research report on Thursday, January 22nd. Barclays lowered Rio Tinto from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, February 24th. Morgan Stanley downgraded shares of Rio Tinto from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, January 28th. Citigroup raised shares of Rio Tinto to a “hold” rating in a report on Tuesday, February 10th. Finally, Zacks Research raised shares of Rio Tinto from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $85.00.

Check Out Our Latest Research Report on Rio Tinto

Rio Tinto Stock Up 0.2%

Shares of RIO stock opened at $99.30 on Monday. The business has a 50 day moving average of $89.84 and a two-hundred day moving average of $75.64. Rio Tinto PLC has a 52 week low of $51.67 and a 52 week high of $101.53. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.98 and a current ratio of 1.44.

Rio Tinto Announces Dividend

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

Rio Tinto 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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