Banque Transatlantique SA Purchases Shares of 1,205 Rio Tinto Group (NYSE:RIO)

Banque Transatlantique SA acquired a new position in shares of Rio Tinto Group (NYSE:RIO) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,205 shares of the mining company’s stock, valued at approximately $70,000.

Other large investors have also recently made changes to their positions in the company. Dynamo Internacional Gestao DE Recursos LTDA. raised its stake in shares of Rio Tinto Group by 119.2% in the fourth quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 129,804 shares of the mining company’s stock worth $2,423,000 after purchasing an additional 807,610 shares during the last quarter. Paloma Partners Management Co acquired a new position in Rio Tinto Group in the 4th quarter worth approximately $40,032,000. Palliser Capital UK Ltd raised its position in Rio Tinto Group by 213.8% during the 4th quarter. Palliser Capital UK Ltd now owns 989,417 shares of the mining company’s stock worth $58,188,000 after buying an additional 674,117 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Rio Tinto Group during the 4th quarter valued at approximately $29,606,000. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Rio Tinto Group by 169.4% in the 4th quarter. Ameriprise Financial Inc. now owns 619,494 shares of the mining company’s stock valued at $36,428,000 after acquiring an additional 389,531 shares during the last quarter. 19.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on RIO shares. JPMorgan Chase & Co. began coverage on shares of Rio Tinto Group in a research report on Tuesday, March 18th. They set an “overweight” rating for the company. StockNews.com downgraded Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 28th. Jefferies Financial Group decreased their price target on Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating for the company in a report on Monday, January 6th. Morgan Stanley cut shares of Rio Tinto Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, April 9th. Finally, DZ Bank upgraded shares of Rio Tinto Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 27th. Four 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $73.00.

Rio Tinto Group Trading Up 1.9 %

Shares of RIO stock opened at $59.66 on Monday. Rio Tinto Group has a 1-year low of $51.67 and a 1-year high of $74.24. The company has a market cap of $74.81 billion, a price-to-earnings ratio of 9.25, a PEG ratio of 0.42 and a beta of 0.66. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.63 and a quick ratio of 1.16. The stock has a 50 day simple moving average of $59.92 and a 200-day simple moving average of $61.29.

Rio Tinto Group Increases Dividend

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

Rio Tinto Group Company 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.