Signaturefd LLC Buys 1,466 Shares of Rio Tinto Group (NYSE:RIO)

Signaturefd LLC raised its stake in Rio Tinto Group (NYSE:RIO) by 6.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,940 shares of the mining company’s stock after purchasing an additional 1,466 shares during the period. Signaturefd LLC’s holdings in Rio Tinto Group were worth $1,783,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP raised its stake in shares of 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 valued at $1,476,052,000 after buying an additional 6,748,799 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Rio Tinto Group by 58.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 12,899,694 shares of the mining company’s stock valued at $1,037,135,000 after buying an additional 4,783,488 shares in the last quarter. Capital World Investors raised its stake in shares of Rio Tinto Group by 4.2% in the 1st quarter. Capital World Investors now owns 8,484,992 shares of the mining company’s stock valued at $682,195,000 after buying an additional 344,145 shares in the last quarter. Morgan Stanley raised its stake in shares of Rio Tinto Group by 2.7% in the 3rd quarter. Morgan Stanley now owns 4,464,344 shares of the mining company’s stock valued at $284,111,000 after buying an additional 118,706 shares in the last quarter. Finally, Cowa LLC acquired a new position in shares of Rio Tinto Group in the 1st quarter valued at $26,000. 19.33% of the stock is owned by institutional investors.

Rio Tinto Group Trading Up 0.4 %

Shares of Rio Tinto Group stock opened at $66.97 on Monday. 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 has a 12-month low of $58.27 and a 12-month high of $75.09. The company has a 50-day simple moving average of $64.87 and a 200 day simple moving average of $67.13.

Rio Tinto Group Increases Dividend

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

Analyst Upgrades and Downgrades

RIO has been the subject of a number of recent research reports. Liberum Capital restated a “hold” rating on shares of Rio Tinto Group in a research note on Tuesday, March 5th. The Goldman Sachs Group initiated coverage on shares of Rio Tinto Group in a research report on Friday, January 12th. They set a “buy” rating for the company. Finally, StockNews.com upgraded shares of Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

Rio Tinto Group 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.