Mesirow Financial Investment Management Inc. Has $252,000 Holdings in Rio Tinto Group (NYSE:RIO)

Mesirow Financial Investment Management Inc. trimmed its position in shares of Rio Tinto Group (NYSE:RIO - Free Report) by 52.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,286 shares of the mining company's stock after selling 4,683 shares during the period. Mesirow Financial Investment Management Inc.'s holdings in Rio Tinto Group were worth $252,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC grew its stake in Rio Tinto Group by 4.3% during the third quarter. Concurrent Investment Advisors LLC now owns 4,261 shares of the mining company's stock worth $303,000 after buying an additional 175 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings 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 purchasing an additional 195 shares in the last quarter. Cohen Investment Advisors LLC raised its position in 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 valued at $315,000 after purchasing an additional 198 shares during the last quarter. Mount Yale Investment Advisors LLC boosted its stake in Rio Tinto Group by 2.0% in the fourth 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 grew its holdings in shares of Rio Tinto Group by 12.2% during the fourth quarter. GAMMA Investing LLC now owns 1,861 shares of the mining company's stock worth $109,000 after purchasing an additional 203 shares during the last quarter. Institutional investors and hedge funds own 19.33% of the company's stock.

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Rio Tinto Group Trading Up 0.7 %

RIO stock traded up $0.41 during midday trading on Thursday, reaching $61.19. The company's stock had a trading volume of 2,584,331 shares, compared to its average volume of 3,280,378. The business's 50-day simple moving average is $61.29 and its 200-day simple moving average is $62.87. 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 has a 52 week low of $57.85 and a 52 week high of $74.24. The stock has a market cap of $76.67 billion, a PE ratio of 9.49, a price-to-earnings-growth ratio of 0.42 and a beta of 0.60.

Rio Tinto Group Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, March 7th will be given a $2.23 dividend. This is a positive change from Rio Tinto Group's previous semi-annual dividend of $1.77. This represents a dividend yield of 7%. The ex-dividend date is Friday, March 7th. Rio Tinto Group's dividend payout ratio (DPR) is currently 69.15%.

Wall Street Analyst Weigh In

RIO has been the topic of a number of research analyst reports. Clarkson Capital raised shares of Rio Tinto Group to a "strong-buy" rating in a report on Friday, February 28th. Jefferies Financial Group lowered 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. Finally, StockNews.com downgraded Rio Tinto Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, February 22nd. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $73.00.

About Rio Tinto Group

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.