Jackson Hole Capital Partners LLC Buys Shares of 5,630 Rio Tinto Group (NYSE:RIO)

Jackson Hole Capital Partners LLC purchased a new position in shares of Rio Tinto Group (NYSE:RIO) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,630 shares of the mining company’s stock, valued at approximately $331,000.

Other large investors also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of 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 worth $29,000 after acquiring an additional 195 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Rio Tinto Group during the 4th quarter worth about $47,000. HHM Wealth Advisors LLC bought a new stake in shares of Rio Tinto Group during the 4th quarter worth about $50,000. Nisa Investment Advisors LLC boosted its stake in shares of Rio Tinto Group by 49.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 820 shares of the mining company’s stock worth $58,000 after acquiring an additional 270 shares in the last quarter. Finally, FSC Wealth Advisors LLC boosted its stake in shares of Rio Tinto Group by 150.0% during the 4th quarter. FSC Wealth Advisors LLC now owns 1,000 shares of the mining company’s stock worth $59,000 after acquiring an additional 600 shares in the last quarter. Institutional investors own 19.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on RIO. StockNews.com downgraded Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 22nd. Jefferies Financial Group cut their price objective on Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, Clarkson Capital raised Rio Tinto Group to a “strong-buy” rating in a research report on Friday, February 28th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $73.00.

Rio Tinto Group Trading Down 2.5 %

Rio Tinto Group stock opened at $62.33 on Friday. The business has a 50 day moving average price of $61.12 and a two-hundred day moving average price of $62.90. The company has a quick ratio of 1.16, a current ratio of 1.63 and a debt-to-equity ratio of 0.23. The stock has a market cap of $78.10 billion, a price-to-earnings ratio of 9.66, a price-to-earnings-growth ratio of 0.42 and a beta of 0.60. Rio Tinto Group has a 12 month low of $57.85 and a 12 month high of $74.24.

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 issued a $2.23 dividend. This is a boost from Rio Tinto Group’s previous semi-annual dividend of $1.77. The ex-dividend date of this dividend is Friday, March 7th. This represents a yield of 7%. Rio Tinto Group’s dividend payout ratio is 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.