Rio Tinto Group (NYSE:RIO) Shares Sold by Trust Investment Advisors

Trust Investment Advisors trimmed its holdings in Rio Tinto Group (NYSE:RIO) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 37,042 shares of the mining company’s stock after selling 195 shares during the quarter. Rio Tinto Group accounts for approximately 2.1% of Trust Investment Advisors’ investment portfolio, making the stock its 5th biggest holding. Trust Investment Advisors’ holdings in Rio Tinto Group were worth $2,758,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its stake in shares of Rio Tinto Group by 41.0% during the 3rd quarter. Wellington Management Group LLP now owns 23,193,773 shares of the mining company’s stock worth $1,476,052,000 after acquiring an additional 6,748,799 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Rio Tinto Group by 58.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 12,899,694 shares of the mining company’s stock worth $1,037,135,000 after purchasing an additional 4,783,488 shares in the last quarter. Cowa LLC acquired a new stake in Rio Tinto Group in the first quarter valued at approximately $26,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in Rio Tinto Group in the third quarter valued at approximately $42,346,000. Finally, Bank of America Corp DE increased its position in shares of Rio Tinto Group by 21.5% in the first quarter. Bank of America Corp DE now owns 2,609,312 shares of the mining company’s stock valued at $178,999,000 after buying an additional 461,079 shares in the last quarter. 19.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Rio Tinto Group Trading Down 0.1 %

Shares of Rio Tinto Group stock traded down $0.10 during trading hours on Thursday, reaching $66.68. 3,234,654 shares of the company’s stock were exchanged, compared to its average volume of 2,966,926. The business has a fifty day moving average of $64.92 and a two-hundred day moving average of $67.02. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.69 and a quick ratio of 1.17. Rio Tinto Group has a 1 year low of $58.27 and a 1 year high of $75.09.

Rio Tinto Group Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 18th. Investors of record on Friday, March 8th will be paid a dividend of $2.58 per share. This represents a yield of 6.6%. The ex-dividend date is Thursday, March 7th. This is a boost from Rio Tinto Group’s previous semi-annual dividend of $1.77.

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.