Rio Tinto Group (NYSE:RIO) Shares Sold by Vectors Research Management LLC

Vectors Research Management LLC cut its holdings in Rio Tinto Group (NYSE:RIO) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,921 shares of the mining company’s stock after selling 362 shares during the period. Vectors Research Management LLC’s holdings in Rio Tinto Group were worth $466,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC raised its position in shares of Rio Tinto Group by 225.6% during the 3rd quarter. Barclays PLC now owns 335,637 shares of the mining company’s stock worth $23,888,000 after acquiring an additional 232,539 shares in the last quarter. McIlrath & Eck LLC increased its stake in Rio Tinto Group by 20.6% in the third quarter. McIlrath & Eck LLC now owns 1,382 shares of the mining company’s stock valued at $98,000 after purchasing an additional 236 shares during the last quarter. Advisory Resource Group raised its holdings in Rio Tinto Group by 11.1% during the third quarter. Advisory Resource Group now owns 16,812 shares of the mining company’s stock worth $1,197,000 after purchasing an additional 1,678 shares in the last quarter. Stock Yards Bank & Trust Co. lifted its position in shares of Rio Tinto Group by 11.3% during the 3rd quarter. Stock Yards Bank & Trust Co. now owns 5,212 shares of the mining company’s stock worth $371,000 after buying an additional 529 shares during the last quarter. Finally, World Investment Advisors LLC boosted its holdings in shares of Rio Tinto Group by 5.9% in the 3rd quarter. World Investment Advisors LLC now owns 4,802 shares of the mining company’s stock valued at $342,000 after buying an additional 266 shares in the last quarter. 19.33% of the stock is owned by hedge funds and other institutional investors.

Rio Tinto Group Stock Up 1.7 %

RIO opened at $58.15 on Monday. The business has a 50 day moving average price of $60.55 and a two-hundred day moving average price of $61.79. Rio Tinto Group has a 52 week low of $51.67 and a 52 week high of $74.24. The company has a market cap of $72.91 billion, a PE ratio of 9.02, a P/E/G ratio of 0.42 and a beta of 0.66. The company has a quick ratio of 1.16, a current ratio of 1.63 and a debt-to-equity ratio of 0.23.

Rio Tinto Group Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, April 17th. Investors of record on Friday, March 7th were issued a dividend of $2.23 per share. The ex-dividend date of this dividend was Friday, March 7th. This is an increase from Rio Tinto Group’s previous semi-annual dividend of $1.77. This represents a dividend yield of 7%. Rio Tinto Group’s dividend payout ratio (DPR) is currently 69.15%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on RIO shares. Morgan Stanley lowered shares of Rio Tinto Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, April 9th. Jefferies Financial Group decreased their target price on Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Clarkson Capital upgraded Rio Tinto Group to a “strong-buy” rating in a research note on Friday, February 28th. StockNews.com upgraded Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday. 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 investment analysts have rated the stock with a hold rating, five have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $73.00.

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.