Rio Tinto Group (NYSE:RIO) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its stake in shares of Rio Tinto Group (NYSE:RIO - Free Report) by 75.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,263 shares of the mining company's stock after selling 10,289 shares during the quarter. SG Americas Securities LLC's holdings in Rio Tinto Group were worth $232,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RIO. Bank of Montreal Can boosted its holdings in Rio Tinto Group by 237.0% in the second quarter. Bank of Montreal Can now owns 2,472,471 shares of the mining company's stock valued at $164,493,000 after purchasing an additional 1,738,752 shares during the last quarter. Natixis Advisors LLC grew its position in shares of Rio Tinto Group by 8.7% during the second quarter. Natixis Advisors LLC now owns 695,731 shares of the mining company's stock worth $45,870,000 after buying an additional 55,967 shares in the last quarter. First City Capital Management Inc. increased its stake in shares of Rio Tinto Group by 118.5% in the second quarter. First City Capital Management Inc. now owns 15,178 shares of the mining company's stock worth $1,001,000 after buying an additional 8,230 shares during the last quarter. QRG Capital Management Inc. raised its holdings in Rio Tinto Group by 38.1% in the second quarter. QRG Capital Management Inc. now owns 95,497 shares of the mining company's stock valued at $6,296,000 after acquiring an additional 26,329 shares in the last quarter. Finally, Capstone Investment Advisors LLC bought a new position in Rio Tinto Group during the 1st quarter valued at $1,734,000. 19.33% of the stock is owned by institutional investors and hedge funds.

Rio Tinto Group Price Performance

NYSE:RIO traded up $0.53 during mid-day trading on Tuesday, hitting $65.48. The stock had a trading volume of 1,743,839 shares, compared to its average volume of 2,771,553. The company has a current ratio of 1.70, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23. The company has a 50 day simple moving average of $64.73 and a 200-day simple moving average of $66.38. Rio Tinto Group has a 52 week low of $59.35 and a 52 week high of $75.09.

Rio Tinto Group Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, August 16th were issued a dividend of $1.77 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a dividend yield of 6.8%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. StockNews.com raised shares of Rio Tinto Group from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 6th. Royal Bank of Canada raised Rio Tinto Group to a "hold" rating in a report on Wednesday, July 31st. Macquarie reaffirmed a "neutral" rating on shares of Rio Tinto Group in a report on Wednesday, October 16th. Berenberg Bank upgraded shares of Rio Tinto Group from a "hold" rating to a "buy" rating in a research report on Wednesday, October 2nd. Finally, HSBC raised shares of Rio Tinto Group from a "hold" rating to a "buy" rating in a report on Tuesday, July 23rd. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Rio Tinto Group currently has an average 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.