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 Stock Up 1.7 %

NYSE RIO traded up $0.99 on Friday, reaching $58.15. 2,747,506 shares of the stock traded hands, compared to its average volume of 2,872,026. Rio Tinto Group has a 12 month low of $51.67 and a 12 month high of $74.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.63. The company has a fifty day moving average price of $60.62 and a 200-day moving average price of $62.00. The company has a market cap of $72.91 billion, a price-to-earnings ratio of 9.02, a PEG ratio of 0.42 and a beta of 0.66.

Rio Tinto Group Increases Dividend

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

Institutional Trading of Rio Tinto Group

A number of institutional investors have recently bought and sold shares of RIO. Barclays PLC increased its stake in shares of Rio Tinto Group by 225.6% in the third quarter. Barclays PLC now owns 335,637 shares of the mining company’s stock worth $23,888,000 after acquiring an additional 232,539 shares during the period. McIlrath & Eck LLC lifted its stake in shares of Rio Tinto Group by 20.6% in the 3rd quarter. McIlrath & Eck LLC now owns 1,382 shares of the mining company’s stock valued at $98,000 after purchasing an additional 236 shares during the period. Advisory Resource Group boosted its holdings in Rio Tinto Group by 11.1% during the third quarter. Advisory Resource Group now owns 16,812 shares of the mining company’s stock worth $1,197,000 after buying an additional 1,678 shares in the last quarter. Stock Yards Bank & Trust Co. grew its position in Rio Tinto Group by 11.3% during the third quarter. Stock Yards Bank & Trust Co. now owns 5,212 shares of the mining company’s stock valued at $371,000 after buying an additional 529 shares during the period. Finally, Sanctuary Advisors LLC increased its holdings in Rio Tinto Group by 1.8% in the third quarter. Sanctuary Advisors LLC now owns 28,506 shares of the mining company’s stock valued at $2,029,000 after buying an additional 516 shares in the last quarter. 19.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Jefferies Financial Group dropped their target price on shares of Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. initiated coverage on shares of Rio Tinto Group in a report on Tuesday, March 18th. They set an “overweight” rating on the stock. StockNews.com lowered Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 12th. Clarkson Capital upgraded Rio Tinto Group to a “strong-buy” rating in a report on Friday, February 28th. Finally, Morgan Stanley cut Rio Tinto Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Rio Tinto Group has a consensus rating of “Moderate Buy” and a consensus target price 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.

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.