Signaturefd LLC Grows Position in Rio Tinto Group (NYSE:RIO)

Signaturefd LLC increased its position in Rio Tinto Group (NYSE:RIO) by 13.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,436 shares of the mining company’s stock after purchasing an additional 2,734 shares during the quarter. Signaturefd LLC’s holdings in Rio Tinto Group were worth $1,319,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dorsey & Whitney Trust CO LLC increased its position in Rio Tinto Group by 2.0% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 8,113 shares of the mining company’s stock valued at $477,000 after buying an additional 160 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in Rio Tinto Group by 63.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 500 shares of the mining company’s stock valued at $29,000 after buying an additional 195 shares in the last quarter. Cohen Investment Advisors LLC increased its holdings in shares of Rio Tinto Group by 3.8% in the 4th quarter. Cohen Investment Advisors LLC now owns 5,352 shares of the mining company’s stock worth $315,000 after purchasing an additional 198 shares in the last quarter. Mount Yale Investment Advisors LLC increased its holdings in shares of Rio Tinto Group by 2.0% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 10,191 shares of the mining company’s stock worth $599,000 after purchasing an additional 200 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Rio Tinto Group by 12.2% in the 4th quarter. GAMMA Investing LLC now owns 1,861 shares of the mining company’s stock worth $109,000 after purchasing an additional 203 shares in the last quarter. Hedge funds and other institutional investors own 19.33% of the company’s stock.

Rio Tinto Group Stock Performance

Shares of RIO opened at $64.12 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.63 and a quick ratio of 1.16. Rio Tinto Group has a one year low of $57.85 and a one year high of $74.24. The firm has a market capitalization of $80.35 billion, a P/E ratio of 9.94, a PEG ratio of 0.42 and a beta of 0.60. The business has a fifty day moving average of $61.65 and a 200 day moving average of $62.85.

Rio Tinto Group Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 17th. Investors of record on Friday, March 7th will be issued a $2.23 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a dividend yield of 7%. This is a positive change from Rio Tinto Group’s previous semi-annual dividend of $1.77. Rio Tinto Group’s payout ratio is presently 69.15%.

Wall Street Analyst Weigh In

A number of analysts have commented on RIO shares. JPMorgan Chase & Co. started coverage on Rio Tinto Group in a report on Tuesday. They issued an “overweight” rating for the company. StockNews.com lowered Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 22nd. Clarkson Capital raised Rio Tinto Group to a “strong-buy” rating in a report on Friday, February 28th. Finally, Jefferies Financial Group reduced their target price 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. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Rio Tinto Group currently has an average rating of “Moderate Buy” and an average price target of $73.00.

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.