O Brien Greene & Co. Inc Sells 300 Shares of Rio Tinto Group (NYSE:RIO)

O Brien Greene & Co. Inc trimmed its stake in Rio Tinto Group (NYSE:RIO) by 2.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,990 shares of the mining company’s stock after selling 300 shares during the period. O Brien Greene & Co. Inc’s holdings in Rio Tinto Group were worth $1,042,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. AdvisorNet Financial Inc lifted its stake in shares of Rio Tinto Group by 785.7% during the 4th quarter. AdvisorNet Financial Inc now owns 372 shares of the mining company’s stock worth $28,000 after acquiring an additional 330 shares during the last quarter. SouthState Corp bought a new stake in shares of Rio Tinto Group during the 3rd quarter worth approximately $32,000. Parkside Financial Bank & Trust lifted its stake in shares of Rio Tinto Group by 39.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 553 shares of the mining company’s stock worth $41,000 after acquiring an additional 156 shares during the last quarter. Financial Management Professionals Inc. lifted its stake in shares of Rio Tinto Group by 250.6% during the 4th quarter. Financial Management Professionals Inc. now owns 617 shares of the mining company’s stock worth $46,000 after acquiring an additional 441 shares during the last quarter. Finally, Bruce G. Allen Investments LLC bought a new stake in Rio Tinto Group during the 4th quarter valued at $47,000. 19.33% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group assumed coverage on Rio Tinto Group in a research report on Friday, January 12th. They set a “buy” rating for the company. Liberum Capital reaffirmed a “hold” rating on shares of Rio Tinto Group in a research report on Tuesday, March 5th. Finally, StockNews.com upgraded Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 18th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has 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 $72.00.

Rio Tinto Group Stock Performance

Rio Tinto Group stock opened at $68.24 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.17 and a debt-to-equity ratio of 0.23. Rio Tinto Group has a fifty-two week low of $58.27 and a fifty-two week high of $75.09. The business’s 50-day simple moving average is $64.86 and its two-hundred day simple moving average is $67.27.

Rio Tinto Group Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, April 18th. Stockholders of record on Friday, March 8th were paid a $2.58 dividend. This is a boost from Rio Tinto Group’s previous semi-annual dividend of $1.77. This represents a dividend yield of 6.6%. The ex-dividend date of this dividend was Thursday, March 7th.

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.