Advisor Group Inc. lifted its holdings in shares of Rio Tinto PLC (NYSE:RIO) by 4.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,541 shares of the mining company’s stock after acquiring an additional 518 shares during the quarter. Advisor Group Inc.’s holdings in Rio Tinto PLC were worth $484,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. HPM Partners LLC increased its position in shares of Rio Tinto PLC by 1.3% during the second quarter. HPM Partners LLC now owns 10,211 shares of the mining company’s stock worth $432,000 after acquiring an additional 132 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its position in shares of Rio Tinto PLC by 0.5% during the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 30,150 shares of the mining company’s stock worth $1,276,000 after acquiring an additional 150 shares during the last quarter. Bollard Group LLC increased its position in shares of Rio Tinto PLC by 3.0% during the second quarter. Bollard Group LLC now owns 7,196 shares of the mining company’s stock worth $304,000 after acquiring an additional 210 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Rio Tinto PLC by 2.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 11,821 shares of the mining company’s stock worth $500,000 after acquiring an additional 281 shares during the last quarter. Finally, Acrospire Investment Management LLC increased its position in shares of Rio Tinto PLC by 13.0% during the second quarter. Acrospire Investment Management LLC now owns 2,599 shares of the mining company’s stock worth $110,000 after acquiring an additional 299 shares during the last quarter. 6.87% of the stock is currently owned by institutional investors and hedge funds.

Rio Tinto PLC (RIO) opened at 49.08 on Friday. The company has a 50-day moving average price of $47.94 and a 200-day moving average price of $43.33. Rio Tinto PLC has a 1-year low of $31.24 and a 1-year high of $49.89. The firm has a market capitalization of $88.00 billion, a P/E ratio of 14.31 and a beta of 0.95.

The business also recently disclosed a None dividend, which was paid on Thursday, September 21st. Stockholders of record on Friday, August 11th were given a dividend of $1.10 per share. The ex-dividend date was Wednesday, August 9th.

WARNING: This news story was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another site, it was illegally copied and reposted in violation of US & international copyright and trademark law. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/10/08/advisor-group-inc-has-484000-stake-in-rio-tinto-plc-rio.html.

RIO has been the topic of a number of analyst reports. BidaskClub lowered Rio Tinto PLC from a “hold” rating to a “sell” rating in a research report on Saturday, June 17th. ValuEngine lowered Rio Tinto PLC from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. Bank of America Corporation raised Rio Tinto PLC from an “underperform” rating to a “buy” rating in a research report on Friday, June 30th. Axiom Securities reaffirmed a “sell” rating on shares of Rio Tinto PLC in a research report on Thursday, July 13th. Finally, Cowen and Company reaffirmed a “market perform” rating and set a $45.00 target price (down from $47.00) on shares of Rio Tinto PLC in a research report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $50.50.

Rio Tinto PLC Company Profile

Rio Tinto plc is a mining and metals company. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade.

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

Receive News & Stock Ratings for Rio Tinto PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto PLC and related stocks with our FREE daily email newsletter.