Rep. Bruce Westerman Buys Rio Tinto Group (NYSE:RIO) Stock

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 Stock Up 1.7 %

Shares of NYSE:RIO opened at $58.15 on Friday. Rio Tinto Group has a fifty-two week low of $51.67 and a fifty-two week high of $74.24. The firm’s 50 day moving average price is $60.55 and its 200 day moving average price is $61.91. The company has a quick ratio of 1.16, a current ratio of 1.63 and a debt-to-equity ratio of 0.23. The stock has a market cap of $72.91 billion, a price-to-earnings ratio of 9.02, a price-to-earnings-growth ratio of 0.42 and a beta of 0.66.

Rio Tinto Group Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, April 17th. Stockholders of record on Friday, March 7th were paid a $2.23 dividend. This represents a dividend yield of 7%. 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. Rio Tinto Group’s dividend payout ratio (DPR) is presently 69.15%.

Institutional Trading of Rio Tinto Group

Several institutional investors and hedge funds have recently made changes to their positions in RIO. Rakuten Securities Inc. increased its position in Rio Tinto Group by 74.8% during the fourth quarter. Rakuten Securities Inc. now owns 493 shares of the mining company’s stock worth $29,000 after buying an additional 211 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Rio Tinto Group by 63.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 500 shares of the mining company’s stock worth $29,000 after acquiring an additional 195 shares during the last quarter. Mechanics Financial Corp acquired a new position in shares of Rio Tinto Group in the 4th quarter valued at $29,000. Bfsg LLC raised its position in Rio Tinto Group by 5,754.5% in the 1st quarter. Bfsg LLC now owns 644 shares of the mining company’s stock valued at $39,000 after purchasing an additional 633 shares during the last quarter. Finally, Ameriflex Group Inc. acquired a new stake in Rio Tinto Group during the 4th quarter worth $47,000. 19.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RIO has been the subject of several recent analyst reports. JPMorgan Chase & Co. began coverage on shares of Rio Tinto Group in a research report on Tuesday, March 18th. They set an “overweight” rating for the company. Clarkson Capital raised Rio Tinto Group to a “strong-buy” rating in a report on Friday, February 28th. DZ Bank raised Rio Tinto Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 27th. Morgan Stanley lowered Rio Tinto Group from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, April 9th. Finally, Jefferies Financial Group lowered their price target on Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating for the company in a report on Monday, January 6th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Rio Tinto Group currently has a consensus rating of “Moderate Buy” and an average price target of $73.00.

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.

Rio Tinto Group Company 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.