Park National Corp OH decreased its stake in Rio Tinto Group (NYSE:RIO) by 18.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 31,903 shares of the mining company’s stock after selling 7,015 shares during the quarter. Park National Corp OH’s holdings in Rio Tinto Group were worth $2,477,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Trustcore Financial Services LLC lifted its stake in Rio Tinto Group by 1,280.0% in the 4th quarter. Trustcore Financial Services LLC now owns 345 shares of the mining company’s stock valued at $26,000 after purchasing an additional 320 shares during the last quarter. Glassman Wealth Services raised its stake in shares of Rio Tinto Group by 61.8% during the fourth quarter. Glassman Wealth Services now owns 419 shares of the mining company’s stock valued at $32,000 after acquiring an additional 160 shares during the last quarter. Capital Asset Advisory Services LLC bought a new position in shares of Rio Tinto Group during the fourth quarter valued at $34,000. RMR Wealth Builders bought a new position in shares of Rio Tinto Group during the fourth quarter valued at $36,000. Finally, Pittenger & Anderson Inc. bought a new position in shares of Rio Tinto Group during the fourth quarter valued at $37,000. 7.53% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently issued reports on the stock. Barclays reaffirmed an “equal weight” rating on shares of Rio Tinto Group in a research note on Wednesday. Societe Generale raised shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a research note on Thursday, March 18th. Deutsche Bank Aktiengesellschaft downgraded shares of Rio Tinto Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 13th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Rio Tinto Group in a research note on Wednesday, March 24th. Finally, DZ Bank raised shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a research note on Wednesday, March 31st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $70.00.

RIO opened at $79.96 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.61 and a debt-to-equity ratio of 0.31. The stock has a market cap of $99.79 billion, a PE ratio of 12.64 and a beta of 0.67. The company has a fifty day moving average of $82.33 and a 200-day moving average of $73.12. Rio Tinto Group has a twelve month low of $44.11 and a twelve month high of $92.85.

The business also recently declared a semi-annual dividend, which will be paid on Thursday, April 15th. Shareholders of record on Friday, March 5th will be issued a $0.93 dividend. This represents a yield of 4.4%. The ex-dividend date is Thursday, March 4th. Rio Tinto Group’s payout ratio is 97.63%.

Rio Tinto Group Company Profile

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company offers aluminum, silver, molybdenum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It is also involved in the alumina production; primary aluminum smelting; bauxite mining; alumina refining; and ilmenite, rutile, and zircon mining, as well as provision of gypsum.

Further Reading: How to calculate the intrinsic value of a stock

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

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