Fort Washington Investment Advisors Inc. OH cut its holdings in shares of Rio Tinto Group (NYSE:RIO – Get Rating) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,468 shares of the mining company’s stock after selling 137 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Rio Tinto Group were worth $366,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of RIO. Capital World Investors lifted its stake in shares of Rio Tinto Group by 92.0% during the 3rd quarter. Capital World Investors now owns 7,531,138 shares of the mining company’s stock valued at $503,198,000 after buying an additional 3,608,881 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Rio Tinto Group by 71.9% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,213,785 shares of the mining company’s stock valued at $214,745,000 after buying an additional 1,344,180 shares in the last quarter. Morgan Stanley increased its holdings in Rio Tinto Group by 21.8% during the 3rd quarter. Morgan Stanley now owns 4,789,595 shares of the mining company’s stock worth $320,040,000 after acquiring an additional 857,970 shares during the period. Voloridge Investment Management LLC bought a new stake in Rio Tinto Group during the 3rd quarter worth approximately $39,265,000. Finally, Two Sigma Investments LP purchased a new position in shares of Rio Tinto Group during the 3rd quarter valued at $34,480,000. Hedge funds and other institutional investors own 10.06% of the company’s stock.
A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Rio Tinto Group from GBX 5,900 ($76.76) to GBX 6,100 ($79.37) in a report on Tuesday, April 5th. Liberum Capital raised Rio Tinto Group from a “sell” rating to a “hold” rating in a report on Tuesday, March 29th. HSBC initiated coverage on shares of Rio Tinto Group in a research report on Friday, March 18th. They set a “hold” rating on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Rio Tinto Group from GBX 5,780 ($75.20) to GBX 5,730 ($74.55) in a report on Thursday. Finally, Citigroup raised shares of Rio Tinto Group from a “neutral” rating to a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $2,545.77.
The business also recently declared a None dividend, which was paid on Thursday, April 21st. Stockholders of record on Friday, March 11th were issued a dividend of $4.785 per share. The ex-dividend date of this dividend was Thursday, March 10th. This is an increase from Rio Tinto Group’s previous None dividend of $1.10. This represents a dividend yield of 10.2%.
About Rio Tinto Group (Get Rating)
Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company offers aluminum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It also owns and operates open pit and underground mines, mills, refineries, smelters, power stations, and research and service facilities.
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