Banco Santander S.A. Sells 5,354 Shares of Rio Tinto PLC $RIO

Banco Santander S.A. lessened its position in shares of Rio Tinto PLC (NYSE:RIOFree Report) by 19.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 22,625 shares of the mining company’s stock after selling 5,354 shares during the quarter. Banco Santander S.A.’s holdings in Rio Tinto were worth $1,493,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Salomon & Ludwin LLC boosted its stake in Rio Tinto by 62.2% during the third quarter. Salomon & Ludwin LLC now owns 472 shares of the mining company’s stock worth $31,000 after buying an additional 181 shares in the last quarter. Root Financial Partners LLC bought a new position in shares of Rio Tinto during the 3rd quarter worth about $36,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in shares of Rio Tinto during the 2nd quarter worth about $38,000. MTM Investment Management LLC acquired a new stake in shares of Rio Tinto during the 2nd quarter valued at about $43,000. Finally, Wealth Preservation Advisors LLC bought a new stake in Rio Tinto in the second quarter valued at about $53,000. 19.33% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Rio Tinto

Here are the key news stories impacting Rio Tinto this week:

Rio Tinto Price Performance

RIO stock opened at $99.30 on Friday. The business has a fifty day moving average price of $89.84 and a 200 day moving average price of $75.56. The company has a quick ratio of 0.98, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. Rio Tinto PLC has a fifty-two week low of $51.67 and a fifty-two week high of $101.53.

Rio Tinto Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, April 16th. Stockholders of record on Friday, March 6th will be paid a $2.54 dividend. The ex-dividend date is Friday, March 6th. This represents a dividend yield of 527.0%.

Wall Street Analysts Forecast Growth

RIO has been the subject of a number of analyst reports. Barclays cut shares of Rio Tinto from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, February 24th. HSBC cut Rio Tinto from a “buy” rating to a “hold” rating in a report on Monday, January 26th. DZ Bank lowered Rio Tinto from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Argus increased their price objective on Rio Tinto from $70.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Finally, Zacks Research raised Rio Tinto from a “hold” rating to a “strong-buy” rating in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, Rio Tinto currently has an average rating of “Hold” and an average price target of $85.00.

View Our Latest Research Report on Rio Tinto

Rio Tinto Profile

(Free Report)

Rio Tinto is a global mining and metals company that explores for, mines, processes and markets a wide range of commodities. Its principal products include iron ore, aluminum, copper, diamonds and various other minerals and industrial materials. The company’s activities span the full value chain from exploration and project development to mining, processing, smelting and refining, supplying raw materials to industries such as steelmaking, automotive, packaging, electronics and construction.

The origins of Rio Tinto date back to mining operations in the Rio Tinto region of Spain in the 19th century, and the group has since grown into a multinational enterprise.

See Also

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

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