Rio Tinto Group (NYSE:RIO) Stock Position Lowered by Princeton Capital Management LLC

Princeton Capital Management LLC decreased its position in Rio Tinto Group (NYSE:RIO) by 5.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,222 shares of the mining company’s stock after selling 275 shares during the quarter. Princeton Capital Management LLC’s holdings in Rio Tinto Group were worth $307,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Dorsey & Whitney Trust CO LLC grew its holdings in shares of Rio Tinto Group by 2.0% during the fourth 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. lifted its stake in Rio Tinto Group by 63.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 500 shares of the mining company’s stock worth $29,000 after acquiring an additional 195 shares in the last quarter. Cohen Investment Advisors LLC boosted its position in Rio Tinto Group by 3.8% during the 4th quarter. Cohen Investment Advisors LLC now owns 5,352 shares of the mining company’s stock worth $315,000 after acquiring an additional 198 shares during the period. Mount Yale Investment Advisors LLC grew its stake in Rio Tinto Group by 2.0% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 10,191 shares of the mining company’s stock valued at $599,000 after acquiring 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 valued at $109,000 after purchasing an additional 203 shares during the period. Institutional investors own 19.33% of the company’s stock.

Rio Tinto Group Price Performance

NYSE RIO opened at $62.25 on Tuesday. The company has a 50 day moving average price of $61.96 and a two-hundred day moving average price of $62.90. Rio Tinto Group has a 12-month low of $57.85 and a 12-month high of $74.24. The stock has a market capitalization of $78.00 billion, a PE ratio of 9.65, a price-to-earnings-growth ratio of 0.42 and a beta of 0.60. 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 firm 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 is 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%.

Wall Street Analysts Forecast Growth

RIO has been the subject of several research reports. Jefferies Financial Group decreased their price target on shares of Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. initiated coverage on shares of Rio Tinto Group in a research note on Tuesday, March 18th. They set an “overweight” rating for the company. Clarkson Capital upgraded shares of Rio Tinto Group to a “strong-buy” rating in a report on Friday, February 28th. Finally, StockNews.com lowered Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 22nd. Three analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.