Financial Counselors Inc. boosted its stake in Rio Tinto plc ADR Common Stock (NYSE:RIO) by 13.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,004 shares of the mining company’s stock after buying an additional 1,038 shares during the period. Financial Counselors Inc.’s holdings in Rio Tinto plc ADR Common Stock were worth $500,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Gables Capital Management Inc. purchased a new stake in Rio Tinto plc ADR Common Stock in the 1st quarter valued at about $103,000. Whittier Trust Co. increased its stake in Rio Tinto plc ADR Common Stock by 605.9% during the second quarter. Whittier Trust Co. now owns 2,047 shares of the mining company’s stock worth $111,000 after purchasing an additional 1,757 shares during the period. Summit Trail Advisors LLC increased its stake in Rio Tinto plc ADR Common Stock by 5,481.0% during the first quarter. Summit Trail Advisors LLC now owns 137,405 shares of the mining company’s stock worth $137,000 after purchasing an additional 134,943 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Rio Tinto plc ADR Common Stock during the second quarter worth about $166,000. Finally, Bailard Inc. purchased a new stake in Rio Tinto plc ADR Common Stock during the first quarter worth about $212,000. Hedge funds and other institutional investors own 7.48% of the company’s stock.

A number of brokerages have issued reports on RIO. Zacks Investment Research lowered shares of Rio Tinto plc ADR Common Stock from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Jefferies Financial Group set a $67.00 price target on shares of Rio Tinto plc ADR Common Stock and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Royal Bank of Canada lowered shares of Rio Tinto plc ADR Common Stock from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, July 25th. Deutsche Bank reiterated a “neutral” rating on shares of Rio Tinto plc ADR Common Stock in a research note on Monday, July 16th. Finally, HSBC upgraded shares of Rio Tinto plc ADR Common Stock from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. Rio Tinto plc ADR Common Stock has a consensus rating of “Hold” and a consensus target price of $57.06.

Shares of NYSE:RIO opened at $49.53 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.41 and a current ratio of 1.77. The stock has a market cap of $68.02 billion, a price-to-earnings ratio of 10.34 and a beta of 1.13. Rio Tinto plc ADR Common Stock has a 1 year low of $43.88 and a 1 year high of $60.72.

The firm also recently declared a semiannual dividend, which will be paid on Thursday, September 20th. Shareholders of record on Friday, August 10th will be paid a dividend of $1.271 per share. The ex-dividend date of this dividend is Thursday, August 9th. This represents a yield of 4.9%. Rio Tinto plc ADR Common Stock’s dividend payout ratio (DPR) is presently 23.17%.

Rio Tinto plc ADR Common Stock Profile

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.

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Institutional Ownership by Quarter for Rio Tinto plc ADR Common Stock (NYSE:RIO)

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