Fulton Bank N.A. Has $470,000 Position in Rio Tinto Group (NYSE:RIO)

Fulton Bank N.A. lifted its holdings in Rio Tinto Group (NYSE:RIO) by 41.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,133 shares of the mining company’s stock after purchasing an additional 2,083 shares during the quarter. Fulton Bank N.A.’s holdings in Rio Tinto Group were worth $470,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of RIO. Wellington Management Group LLP increased its position in shares of Rio Tinto Group by 7.1% during the fourth quarter. Wellington Management Group LLP now owns 24,838,524 shares of the mining company’s stock worth $1,849,476,000 after acquiring an additional 1,644,751 shares in the last quarter. National Bank of Canada FI boosted its position in shares of Rio Tinto Group by 296.2% during the first quarter. National Bank of Canada FI now owns 1,022,765 shares of the mining company’s stock worth $71,382,000 after buying an additional 764,635 shares during the period. SPX Gestao de Recursos Ltda boosted its position in Rio Tinto Group by 560.8% during the 4th quarter. SPX Gestao de Recursos Ltda now owns 791,933 shares of the mining company’s stock worth $58,967,000 after acquiring an additional 672,095 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Rio Tinto Group by 3.1% in the fourth quarter. Fisher Asset Management LLC now owns 16,045,541 shares of the mining company’s stock valued at $1,194,751,000 after purchasing an additional 475,329 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of Rio Tinto Group by 191.3% in the fourth quarter. Van ECK Associates Corp now owns 715,829 shares of the mining company’s stock worth $53,301,000 after purchasing an additional 470,073 shares in the last quarter. 19.33% of the stock is owned by institutional investors.

Rio Tinto Group Trading Down 0.9 %

RIO stock traded down $0.57 during midday trading on Wednesday, reaching $62.49. 2,425,792 shares of the company were exchanged, compared to its average volume of 2,731,061. The business has a 50-day moving average price of $66.41 and a two-hundred day moving average price of $66.82. Rio Tinto Group has a one year low of $58.27 and a one year high of $75.09. The company has a current ratio of 1.70, a quick ratio of 1.17 and a debt-to-equity ratio of 0.23.

Rio Tinto Group Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, September 26th. Stockholders of record on Friday, August 16th will be given a $1.77 dividend. This represents a dividend yield of 6.8%. The ex-dividend date of this dividend is Friday, August 16th.

Analyst Ratings Changes

A number of research analysts recently weighed in on RIO shares. StockNews.com raised shares of Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 21st. Citigroup lowered Rio Tinto Group from a “buy” rating to a “neutral” rating in a report on Monday, May 20th. Hsbc Global Res raised Rio Tinto Group to a “strong-buy” rating in a research report on Tuesday, July 23rd. Royal Bank of Canada raised shares of Rio Tinto Group to a “hold” rating in a research note on Wednesday, July 31st. Finally, HSBC raised shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a research report on Tuesday, July 23rd. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Rio Tinto Group presently has a consensus rating of “Moderate Buy”.

Rio Tinto Group Profile

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.