U.S. Capital Wealth Advisors LLC Grows Stake in Rio Tinto Group (NYSE:RIO)

U.S. Capital Wealth Advisors LLC increased its position in shares of Rio Tinto Group (NYSE:RIO) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 47,778 shares of the mining company’s stock after acquiring an additional 421 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Rio Tinto Group were worth $3,558,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of RIO. Wellington Management Group LLP grew its stake in Rio Tinto Group by 41.0% in the 3rd quarter. Wellington Management Group LLP now owns 23,193,773 shares of the mining company’s stock worth $1,476,052,000 after buying an additional 6,748,799 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new stake in shares of Rio Tinto Group in the 3rd quarter valued at $42,346,000. Fisher Asset Management LLC boosted its stake in shares of Rio Tinto Group by 3.1% in the 4th quarter. Fisher Asset Management LLC now owns 16,045,541 shares of the mining company’s stock valued at $1,194,751,000 after purchasing an additional 475,329 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Rio Tinto Group by 191.3% in the 4th quarter. Van ECK Associates Corp now owns 715,829 shares of the mining company’s stock valued at $53,301,000 after purchasing an additional 470,073 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in shares of Rio Tinto Group by 160.2% in the 3rd quarter. Qube Research & Technologies Ltd now owns 581,714 shares of the mining company’s stock valued at $37,020,000 after purchasing an additional 358,121 shares in the last quarter. Institutional investors own 19.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on RIO shares. StockNews.com raised shares of Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 29th. Liberum Capital reissued a “hold” rating on shares of Rio Tinto Group in a research report on Tuesday, March 5th. Finally, The Goldman Sachs Group started coverage on shares of Rio Tinto Group in a report on Friday, January 12th. They issued a “buy” rating for the company. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Rio Tinto Group presently has a consensus rating of “Moderate Buy” and an average price target of $72.00.

Rio Tinto Group Trading Up 1.0 %

Shares of Rio Tinto Group stock traded up $0.66 on Friday, hitting $68.94. 3,193,760 shares of the company traded hands, compared to its average volume of 3,270,538. The business has a 50-day simple moving average of $65.05 and a 200 day simple moving average of $67.46. Rio Tinto Group has a 52 week low of $58.27 and a 52 week high of $75.09. The company has a current ratio of 1.69, a quick ratio of 1.17 and a debt-to-equity ratio of 0.23.

Rio Tinto Group Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, April 18th. Stockholders of record on Friday, March 8th were paid a dividend of $2.58 per share. This is a positive change from Rio Tinto Group’s previous semi-annual dividend of $1.77. This represents a dividend yield of 6.6%. The ex-dividend date was Thursday, March 7th.

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.