Rio Tinto PLC $RIO Stock Holdings Increased by Keybank National Association OH

Keybank National Association OH raised its holdings in shares of Rio Tinto PLC (NYSE:RIO) by 16.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,014 shares of the mining company’s stock after acquiring an additional 5,157 shares during the period. Keybank National Association OH’s holdings in Rio Tinto were worth $2,882,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Fisher Asset Management LLC raised its stake in Rio Tinto by 3.0% during the 3rd quarter. Fisher Asset Management LLC now owns 19,120,168 shares of the mining company’s stock valued at $1,262,122,000 after acquiring an additional 557,234 shares in the last quarter. Bank of America Corp DE raised its stake in Rio Tinto by 31.9% during the 3rd quarter. Bank of America Corp DE now owns 3,157,545 shares of the mining company’s stock valued at $208,430,000 after acquiring an additional 763,786 shares in the last quarter. Bank of Montreal Can raised its stake in Rio Tinto by 10.2% during the 3rd quarter. Bank of Montreal Can now owns 2,045,636 shares of the mining company’s stock valued at $135,032,000 after acquiring an additional 190,029 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Rio Tinto by 9.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,009,293 shares of the mining company’s stock valued at $132,622,000 after acquiring an additional 171,716 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Rio Tinto by 7.4% during the 3rd quarter. Northern Trust Corp now owns 1,672,792 shares of the mining company’s stock valued at $110,421,000 after acquiring an additional 115,483 shares in the last quarter. Institutional investors own 19.33% of the company’s stock.

Rio Tinto Price Performance

Shares of NYSE RIO opened at $100.61 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.98 and a current ratio of 1.44. The stock’s fifty day simple moving average is $94.47 and its 200 day simple moving average is $84.76. Rio Tinto PLC has a 52-week low of $55.64 and a 52-week high of $101.53.

Rio Tinto Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, April 16th. Investors of record on Friday, March 6th were issued a $2.54 dividend. This represents a dividend yield of 564.0%. The ex-dividend date was Friday, March 6th.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Morgan Stanley downgraded Rio Tinto from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, January 28th. Weiss Ratings raised Rio Tinto from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. JPMorgan Chase & Co. downgraded Rio Tinto from an “overweight” rating to a “neutral” rating in a research note on Monday, March 9th. Sanford C. Bernstein boosted their price objective on Rio Tinto from $82.00 to $83.50 and gave the stock an “outperform” rating in a research note on Monday. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Rio Tinto in a research note on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $101.75.

Rio Tinto Profile

Rio Tinto is a global mining and metals company that explores for, mines, processes and markets a wide range of commodities. Its principal products include iron ore, aluminum, copper, diamonds and various other minerals and industrial materials. The company’s activities span the full value chain from exploration and project development to mining, processing, smelting and refining, supplying raw materials to industries such as steelmaking, automotive, packaging, electronics and construction.

The origins of Rio Tinto date back to mining operations in the Rio Tinto region of Spain in the 19th century, and the group has since grown into a multinational enterprise.