Strategic Wealth Partners Ltd. Has $228,000 Holdings in Rio Tinto Group (NYSE:RIO)

Strategic Wealth Partners Ltd. decreased its position in shares of Rio Tinto Group (NYSE:RIO) by 57.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,602 shares of the mining company’s stock after selling 4,930 shares during the period. Strategic Wealth Partners Ltd.’s holdings in Rio Tinto Group were worth $228,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Fisher Asset Management LLC increased its holdings in Rio Tinto Group by 0.4% during the 4th quarter. Fisher Asset Management LLC now owns 17,604,463 shares of the mining company’s stock valued at $1,035,319,000 after purchasing an additional 76,368 shares in the last quarter. Franklin Resources Inc. lifted its position in Rio Tinto Group by 1.4% during the 4th quarter. Franklin Resources Inc. now owns 5,115,476 shares of the mining company’s stock worth $300,841,000 after buying an additional 70,131 shares in the last quarter. FMR LLC grew its holdings in Rio Tinto Group by 24.6% during the 4th quarter. FMR LLC now owns 1,721,690 shares of the mining company’s stock worth $101,253,000 after acquiring an additional 339,924 shares during the last quarter. Northern Trust Corp increased its position in Rio Tinto Group by 18.9% in the 4th quarter. Northern Trust Corp now owns 1,603,037 shares of the mining company’s stock valued at $94,275,000 after acquiring an additional 255,151 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in shares of 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 acquiring an additional 1,263,203 shares during the last quarter. Institutional investors own 19.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on RIO shares. DZ Bank raised shares of Rio Tinto Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 27th. Clarkson Capital upgraded Rio Tinto Group to a “strong-buy” rating in a research report on Friday, February 28th. Morgan Stanley lowered Rio Tinto Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, April 9th. Barclays reiterated an “overweight” rating on shares of Rio Tinto Group in a research report on Wednesday, April 16th. Finally, StockNews.com downgraded shares of Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 28th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $73.00.

Rio Tinto Group Trading Down 0.4%

NYSE RIO opened at $62.38 on Tuesday. Rio Tinto Group has a 12 month low of $51.67 and a 12 month high of $74.24. The stock has a 50-day simple moving average of $59.74 and a 200 day simple moving average of $60.96. The company has a current ratio of 1.63, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $78.22 billion, a PE ratio of 9.67, a P/E/G ratio of 0.42 and a beta of 0.73.

Rio Tinto Group Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, April 17th. Investors of record on Friday, March 7th were given a $2.23 dividend. This represents a dividend yield of 7%. This is an increase from Rio Tinto Group’s previous semi-annual dividend of $1.77. The ex-dividend date was Friday, March 7th. Rio Tinto Group’s dividend payout ratio (DPR) is currently 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.