20,355 Shares in Rio Tinto Group (NYSE:RIO) Acquired by Graham Capital Management L.P.

Graham Capital Management L.P. acquired a new position in Rio Tinto Group (NYSE:RIO) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 20,355 shares of the mining company’s stock, valued at approximately $1,197,000.

Several other institutional investors also recently modified their holdings of the stock. Fisher Asset Management LLC increased its position in shares of Rio Tinto Group by 0.4% in the fourth quarter. Fisher Asset Management LLC now owns 17,604,463 shares of the mining company’s stock worth $1,035,319,000 after purchasing an additional 76,368 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Rio Tinto Group by 1.4% in the fourth quarter. Franklin Resources Inc. now owns 5,115,476 shares of the mining company’s stock worth $300,841,000 after purchasing an additional 70,131 shares during the last quarter. FMR LLC boosted its stake in Rio Tinto Group by 24.6% in the fourth quarter. FMR LLC now owns 1,721,690 shares of the mining company’s stock worth $101,253,000 after buying an additional 339,924 shares in the last quarter. Northern Trust Corp boosted its stake in Rio Tinto Group by 18.9% in the fourth quarter. Northern Trust Corp now owns 1,603,037 shares of the mining company’s stock worth $94,275,000 after buying an additional 255,151 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in Rio Tinto Group by 143,872.8% in the fourth quarter. Deutsche Bank AG now owns 1,264,081 shares of the mining company’s stock worth $74,341,000 after buying an additional 1,263,203 shares in the last quarter. 19.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on RIO. DZ Bank raised Rio Tinto Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 27th. JPMorgan Chase & Co. began coverage on Rio Tinto Group in a research note on Tuesday, March 18th. They issued an “overweight” rating for the company. Morgan Stanley lowered Rio Tinto Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, April 9th. Barclays reaffirmed an “overweight” rating on shares of Rio Tinto Group in a research note on Wednesday, April 16th. Finally, StockNews.com lowered Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 28th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Rio Tinto Group currently has a consensus rating of “Moderate Buy” and an average price target of $73.00.

Rio Tinto Group Stock Performance

NYSE:RIO opened at $61.42 on Tuesday. The firm has a market cap of $77.01 billion, a PE ratio of 9.52, a price-to-earnings-growth ratio of 0.42 and a beta of 0.73. Rio Tinto Group has a fifty-two week low of $51.67 and a fifty-two week 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 business has a 50 day moving average price of $59.72 and a 200-day moving average price of $61.08.

Rio Tinto Group Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, April 17th. Stockholders of record on Friday, March 7th were paid a dividend of $2.23 per share. This represents a dividend yield of 7%. The ex-dividend date of this dividend was Friday, March 7th. This is a positive change from Rio Tinto Group’s previous semi-annual dividend of $1.77. Rio Tinto Group’s dividend payout ratio is 69.15%.

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.