J.W. Cole Advisors Inc. Has $352,000 Stock Position in Rio Tinto Group (NYSE:RIO)

J.W. Cole Advisors Inc. raised its position in Rio Tinto Group (NYSE:RIO) by 27.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,731 shares of the mining company’s stock after acquiring an additional 1,031 shares during the period. J.W. Cole Advisors Inc.’s holdings in Rio Tinto Group were worth $352,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in shares of Rio Tinto Group by 41.0% in the 3rd quarter. Wellington Management Group LLP now owns 23,193,773 shares of the mining company’s stock worth $1,476,052,000 after buying an additional 6,748,799 shares in the last quarter. Morgan Stanley raised its holdings in shares of Rio Tinto Group by 2.7% in the 3rd quarter. Morgan Stanley now owns 4,464,344 shares of the mining company’s stock worth $284,111,000 after buying an additional 118,706 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Rio Tinto Group by 5.9% in the 3rd quarter. Acadian Asset Management LLC now owns 2,903,093 shares of the mining company’s stock worth $184,721,000 after buying an additional 161,532 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Rio Tinto Group by 0.9% in the 3rd quarter. Northern Trust Corp now owns 1,893,222 shares of the mining company’s stock worth $120,485,000 after buying an additional 17,401 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Rio Tinto Group by 33.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 965,384 shares of the mining company’s stock worth $61,437,000 after buying an additional 242,313 shares in the last quarter. Institutional investors and hedge funds own 19.33% of the company’s stock.

Analyst Upgrades and Downgrades

RIO has been the subject of a number of recent research reports. StockNews.com raised Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 18th. Liberum Capital reissued a “hold” rating on shares of Rio Tinto Group in a report on Tuesday, March 5th. Finally, The Goldman Sachs Group initiated coverage on Rio Tinto Group in a report on Friday, January 12th. They issued a “buy” rating for the company. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $72.00.

Rio Tinto Group Price Performance

NYSE RIO opened at $68.15 on Thursday. Rio Tinto Group has a one year low of $58.27 and a one year high of $75.09. The stock’s 50 day simple moving average is $64.88 and its 200 day simple moving average is $67.22. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.17 and a current ratio of 1.69.

Rio Tinto Group Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, April 18th. Investors of record on Friday, March 8th were given a dividend of $2.58 per share. The ex-dividend date was Thursday, March 7th. This is a positive change from Rio Tinto Group’s previous semi-annual dividend of $1.77. This represents a yield of 6.6%.

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.