Rep. Bruce Westerman Purchases Shares of Rio Tinto Group (NYSE:RIO)

Representative Bruce Westerman (R-Arkansas) recently bought shares of Rio Tinto Group NYSE: RIO. In a filing disclosed on April 16th, the Representative disclosed that they had bought between $1,001 and $15,000 in Rio Tinto Group stock on March 3rd. The trade occurred in the Representative's "FISHER IRA" account.

Representative Bruce Westerman also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of LVMH Moët Hennessy - Louis Vuitton, Société Européenne OTCMKTS: LVMUY on 4/2/2025.
• Purchased $1,001 - $15,000 in shares of Sony Group NYSE: SONY on 3/24/2025.
• Purchased $1,001 - $15,000 in shares of Mitsubishi UFJ Financial Group NYSE: MUFG on 3/21/2025.
• Purchased $1,001 - $15,000 in shares of BP NYSE: BP on 3/21/2025.
• Sold $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 3/20/2025.
• Sold $1,001 - $15,000 in shares of Medtronic NYSE: MDT on 3/20/2025.
• Purchased $1,001 - $15,000 in shares of ASML NASDAQ: ASML on 3/20/2025.
• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 3/20/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 3/20/2025.
• Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 3/20/2025.

Rio Tinto Group Price Performance

Shares of RIO traded up $1.12 during mid-day trading on Wednesday, reaching $60.74. 2,046,915 shares of the stock traded hands, compared to its average volume of 2,855,425. The company has a market cap of $76.17 billion, a price-to-earnings ratio of 9.42, a price-to-earnings-growth ratio of 0.42 and a beta of 0.66. Rio Tinto Group has a 1 year low of $51.67 and a 1 year high of $74.24. The firm has a fifty day moving average price of $60.40 and a 200 day moving average price of $61.70. The company has a current ratio of 1.63, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23.

Rio Tinto Group Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, April 17th. Shareholders of record on Friday, March 7th were paid a $2.23 dividend. The ex-dividend date of this dividend was Friday, March 7th. This is a boost from Rio Tinto Group's previous semi-annual dividend of $1.77. This represents a yield of 7%. Rio Tinto Group's dividend payout ratio is currently 69.15%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Clarkson Capital upgraded Rio Tinto Group to a "strong-buy" rating in a research note on Friday, February 28th. StockNews.com upgraded shares of Rio Tinto Group from a "buy" rating to a "strong-buy" rating in a research report on Sunday. Morgan Stanley lowered shares of Rio Tinto Group from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, April 9th. DZ Bank raised shares of Rio Tinto Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 27th. Finally, JPMorgan Chase & Co. began coverage on shares of Rio Tinto Group in a report on Tuesday, March 18th. They set an "overweight" rating for the company. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $73.00.

Hedge Funds Weigh In On Rio Tinto Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Deutsche Bank AG boosted its holdings in Rio Tinto Group by 143,872.8% during the 4th quarter. Deutsche Bank AG now owns 1,264,081 shares of the mining company's stock valued at $74,341,000 after acquiring an additional 1,263,203 shares during the period. Dynamo Internacional Gestao DE Recursos LTDA. lifted its position in Rio Tinto Group by 119.2% in the fourth quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 129,804 shares of the mining company's stock valued at $2,423,000 after purchasing an additional 807,610 shares during the last quarter. Paloma Partners Management Co purchased a new stake in shares of Rio Tinto Group during the fourth quarter valued at approximately $40,032,000. Palliser Capital UK Ltd grew its holdings in shares of Rio Tinto Group by 213.8% in the fourth quarter. Palliser Capital UK Ltd now owns 989,417 shares of the mining company's stock worth $58,188,000 after purchasing an additional 674,117 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Rio Tinto Group in the fourth quarter worth $29,606,000. Institutional investors own 19.33% of the company's stock.

About Representative Westerman

Bruce Westerman (Republican Party) is a member of the U.S. House, representing Arkansas' 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Westerman (Republican Party) is running for re-election to the U.S. House to represent Arkansas' 4th Congressional District. He declared candidacy for the 2026 election. Westerman earned his BSBAGE in biological and agricultural engineering from the University of Arkansas in 1990 and his MF in forestry from Yale University in 2001. His professional experience includes working as a plant engineer for Riceland Foods and an engineer/forester for Mid-South Engineering Company.

About Rio Tinto Group

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.