Rio Tinto Group (NYSE:RIO) Shares Acquired by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC boosted its position in Rio Tinto Group (NYSE:RIO - Free Report) by 17.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 176,460 shares of the mining company's stock after purchasing an additional 26,202 shares during the period. O Shaughnessy Asset Management LLC's holdings in Rio Tinto Group were worth $10,378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of RIO. Thurston Springer Miller Herd & Titak Inc. boosted 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 acquiring an additional 195 shares during the period. Rakuten Securities Inc. lifted its holdings in shares of Rio Tinto Group by 74.8% in the 4th quarter. Rakuten Securities Inc. now owns 493 shares of the mining company's stock worth $29,000 after buying an additional 211 shares during the period. Mechanics Financial Corp bought a new position in shares of Rio Tinto Group during the 4th quarter worth $29,000. Golden State Wealth Management LLC bought a new stake in shares of Rio Tinto Group in the fourth quarter valued at about $47,000. Finally, HHM Wealth Advisors LLC purchased a new stake in Rio Tinto Group in the fourth quarter worth about $50,000. Hedge funds and other institutional investors own 19.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on RIO shares. Clarkson Capital upgraded shares of Rio Tinto Group to a "strong-buy" rating in a research note on Friday, February 28th. Jefferies Financial Group cut their target price on 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. JPMorgan Chase & Co. began coverage on shares of Rio Tinto Group in a research report on Tuesday, March 18th. They set an "overweight" rating for the company. DZ Bank upgraded shares of Rio Tinto Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 27th. 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 investment analysts have rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Rio Tinto Group presently has an average rating of "Buy" and a consensus target price of $73.00.

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Rio Tinto Group Stock Performance

RIO stock traded down $1.44 during trading on Thursday, reaching $58.47. The company had a trading volume of 4,255,696 shares, compared to its average volume of 2,842,351. The company has a market cap of $73.31 billion, a price-to-earnings ratio of 9.06, a price-to-earnings-growth ratio of 0.42 and a beta of 0.60. Rio Tinto Group has a twelve month low of $57.85 and a twelve month high of $74.24. 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 firm has a 50-day simple moving average of $62.04 and a 200-day simple moving average of $62.91.

Rio Tinto Group Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, April 17th. Shareholders of record on Friday, March 7th will be given a dividend of $2.23 per share. The ex-dividend date is Friday, March 7th. This represents a yield of 7%. This is a boost from Rio Tinto Group's previous semi-annual dividend of $1.77. Rio Tinto Group's payout ratio is currently 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.