Natixis Advisors LLC Has $44.93 Million Position in Rio Tinto Group (NYSE:RIO)

Natixis Advisors LLC increased its holdings in shares of Rio Tinto Group (NYSE:RIO - Free Report) by 11.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 763,952 shares of the mining company's stock after purchasing an additional 77,130 shares during the period. Natixis Advisors LLC owned 0.06% of Rio Tinto Group worth $44,928,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC lifted its holdings in Rio Tinto Group by 0.4% in the 4th quarter. Fisher Asset Management LLC now owns 17,604,463 shares of the mining company's stock worth $1,035,319,000 after buying an additional 76,368 shares in the last quarter. FMR LLC lifted its holdings in Rio Tinto Group by 35.1% in the 3rd quarter. FMR LLC now owns 1,381,766 shares of the mining company's stock worth $98,340,000 after buying an additional 358,630 shares in the last quarter. Todd Asset Management LLC lifted its holdings in Rio Tinto Group by 1.0% in the 4th quarter. Todd Asset Management LLC now owns 1,068,182 shares of the mining company's stock worth $62,820,000 after buying an additional 10,062 shares in the last quarter. Palliser Capital UK Ltd raised its stake in shares of Rio Tinto Group by 213.8% in the 4th quarter. Palliser Capital UK Ltd now owns 989,417 shares of the mining company's stock valued at $58,188,000 after purchasing an additional 674,117 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Rio Tinto Group in the 4th quarter valued at about $29,606,000. 19.33% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on RIO shares. JPMorgan Chase & Co. started coverage on shares of Rio Tinto Group in a research note on Tuesday. They issued an "overweight" rating on the stock. Clarkson Capital upgraded shares of Rio Tinto Group to a "strong-buy" rating in a research note on Friday, February 28th. Jefferies Financial Group dropped their price objective on shares of Rio Tinto Group from $83.00 to $73.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Finally, StockNews.com lowered shares of Rio Tinto Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, February 22nd. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $73.00.

Rio Tinto Group Stock Down 1.5 %

Shares of NYSE RIO traded down $0.97 during mid-day trading on Thursday, reaching $62.89. The company had a trading volume of 2,351,756 shares, compared to its average volume of 2,748,624. The stock has a fifty day moving average of $61.76 and a two-hundred day moving average of $62.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.63. The company has a market capitalization of $78.80 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 0.42 and a beta of 0.60. Rio Tinto Group has a 12-month low of $57.85 and a 12-month high of $74.24.

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 represents a dividend yield of 7%. This is a positive change from Rio Tinto Group's previous semi-annual dividend of $1.77. The ex-dividend date is Friday, March 7th. Rio Tinto Group's dividend payout ratio is 69.15%.

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.