Cwm LLC Lowers Stake in Rio Tinto Group (NYSE:RIO)

Cwm LLC lessened its position in shares of Rio Tinto Group (NYSE:RIO) by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,015 shares of the mining company’s stock after selling 845 shares during the period. Cwm LLC’s holdings in Rio Tinto Group were worth $1,044,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Schechter Investment Advisors LLC boosted its position in shares of Rio Tinto Group by 10.9% in the third quarter. Schechter Investment Advisors LLC now owns 8,732 shares of the mining company’s stock worth $556,000 after buying an additional 858 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Rio Tinto Group in the fourth quarter worth about $7,954,000. Sei Investments Co. boosted its position in shares of Rio Tinto Group by 18.3% in the third quarter. Sei Investments Co. now owns 721,662 shares of the mining company’s stock worth $45,926,000 after buying an additional 111,623 shares during the period. Morgan Stanley lifted its stake in shares of Rio Tinto Group by 2.7% in the third quarter. Morgan Stanley now owns 4,464,344 shares of the mining company’s stock worth $284,111,000 after acquiring an additional 118,706 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC lifted its stake in shares of Rio Tinto Group by 88.2% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 8,221 shares of the mining company’s stock worth $612,000 after acquiring an additional 3,852 shares in the last quarter. Hedge funds and other institutional investors own 19.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on RIO shares. StockNews.com upgraded Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 18th. Liberum Capital restated a “hold” rating on shares of Rio Tinto Group in a research note on Tuesday, March 5th. Finally, The Goldman Sachs Group assumed coverage on Rio Tinto Group in a research note on Friday, January 12th. They set a “buy” rating on the stock. Two investment 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 stock has a consensus rating of “Moderate Buy” and an average target price of $72.00.

Rio Tinto Group Stock Up 0.7 %

NYSE:RIO opened at $68.24 on Monday. Rio Tinto Group has a 52 week low of $58.27 and a 52 week high of $75.09. The stock has a 50 day moving average of $64.86 and a 200-day moving average of $67.33. The company has a quick ratio of 1.17, a current ratio of 1.69 and a debt-to-equity ratio of 0.23.

Rio Tinto Group Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, April 18th. Investors of record on Friday, March 8th were issued a $2.58 dividend. This represents a yield of 6.6%. This is a positive change from Rio Tinto Group’s previous semi-annual dividend of $1.77. 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.