Particle swarm optimization (PSO) is a widely used bio-inspired optimization method. However, global guidance can align particle trajectories, reduce population diversity, and lead to premature convergence. To address this issue, we propose GRACE-PSO, a particle swarm optimizer based on group rank assessment and cooperative evolution. The method introduces group-best learning as an intermediate layer between personal-best and global-best learning to improve the balance between exploration and exploitation. GRACE-PSO integrates three coupled mechanisms: (1) a group-learning update that provides the population with multiple group-specific search directions; (2) a rank-based group-utility assessment that evaluates relative search effectiveness through pairwise comparisons of personal-best fitness values; and (3) a utility-driven adaptive strategy that adjusts the strengths of group-best and global-best learning and selectively reinitializes a small number of underperforming particles in stagnant groups. Experiments on 29 CEC 2017 benchmark functions at 30 and 50 dimensions against seven representative PSO methods show that GRACE-PSO achieves average ranks of 1.2414 and 1.3793, respectively. Experiments on two practical flexible intelligent metasurface optimization problems further demonstrate its competitive performance and practical applicability.