Macquarie Group Ltd. increased its position in Rio Tinto plc ADR (NYSE:RIO) by 2.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 94,729 shares of the mining company’s stock after purchasing an additional 1,957 shares during the quarter. Macquarie Group Ltd.’s holdings in Rio Tinto were worth $5,256,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of RIO. Fisher Asset Management LLC bought a new position in Rio Tinto in the 2nd quarter valued at about $227,812,000. Boston Partners raised its holdings in Rio Tinto by 2,390.4% in the 2nd quarter. Boston Partners now owns 3,204,017 shares of the mining company’s stock valued at $177,759,000 after acquiring an additional 3,075,360 shares during the period. Point72 Asset Management L.P. bought a new position in Rio Tinto in the 1st quarter valued at about $41,784,000. Sei Investments Co. raised its holdings in Rio Tinto by 70.6% in the 1st quarter. Sei Investments Co. now owns 885,779 shares of the mining company’s stock valued at $45,644,000 after acquiring an additional 366,553 shares during the period. Finally, Capital Fund Management S.A. raised its holdings in Rio Tinto by 373.8% in the 2nd quarter. Capital Fund Management S.A. now owns 435,301 shares of the mining company’s stock valued at $24,150,000 after acquiring an additional 343,420 shares during the period. 7.12% of the stock is currently owned by institutional investors.

Shares of RIO opened at $52.21 on Wednesday. Rio Tinto plc ADR has a 12 month low of $45.62 and a 12 month high of $60.72. The company has a market cap of $68.11 billion, a PE ratio of 10.94 and a beta of 1.12. The company has a current ratio of 1.77, a quick ratio of 1.41 and a debt-to-equity ratio of 0.27.

The firm also recently announced a semiannual dividend, which was paid on Thursday, September 20th. Stockholders of record on Friday, August 10th were issued a dividend of $1.271 per share. The ex-dividend date of this dividend was Thursday, August 9th. This represents a dividend yield of 4.9%. Rio Tinto’s dividend payout ratio is presently 53.03%.

Several brokerages have recently commented on RIO. Jefferies Financial Group set a $67.00 target price on shares of Rio Tinto and gave the stock a “buy” rating in a report on Wednesday, August 1st. HSBC raised shares of Rio Tinto from a “hold” rating to a “buy” rating in a report on Thursday, June 21st. Zacks Investment Research raised shares of Rio Tinto from a “sell” rating to a “buy” rating and set a $64.00 target price on the stock in a report on Wednesday, June 20th. ValuEngine cut shares of Rio Tinto from a “buy” rating to a “hold” rating in a report on Saturday, June 2nd. Finally, Investec cut shares of Rio Tinto from a “buy” rating to a “hold” rating in a report on Friday, June 15th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. Rio Tinto has a consensus rating of “Hold” and a consensus target price of $57.06.

About Rio Tinto

Rio Tinto plc, a mining and metals company, explores for, develops, produces, and processes minerals and metals worldwide. It finds, mines, and processes mineral resources, including aluminum, copper, diamonds, gold, industrial minerals (borates, titanium dioxide, and salt), iron ore, thermal and metallurgical coal, and uranium, as well as sulphuric acid, rhenium, lead carbonate, and selenium.

Further Reading: Exchange-Traded Funds (ETFs)

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

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