Natixis Advisors L.P. Boosts Position in Rio Tinto Group (NYSE:RIO)

Natixis Advisors L.P. lifted its position in Rio Tinto Group (NYSE:RIO) by 0.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 667,962 shares of the mining company’s stock after buying an additional 771 shares during the quarter. Natixis Advisors L.P. owned approximately 0.05% of Rio Tinto Group worth $49,736,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. AdvisorNet Financial Inc lifted its stake in Rio Tinto Group by 785.7% during the fourth quarter. AdvisorNet Financial Inc now owns 372 shares of the mining company’s stock worth $28,000 after purchasing an additional 330 shares during the last quarter. SouthState Corp bought a new stake in Rio Tinto Group in the 3rd quarter worth approximately $32,000. Parkside Financial Bank & Trust boosted its stake in Rio Tinto Group by 39.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 553 shares of the mining company’s stock worth $41,000 after buying an additional 156 shares in the last quarter. Financial Management Professionals Inc. grew its position in Rio Tinto Group by 250.6% during the fourth quarter. Financial Management Professionals Inc. now owns 617 shares of the mining company’s stock valued at $46,000 after acquiring an additional 441 shares during the last quarter. Finally, Bruce G. Allen Investments LLC purchased a new position in shares of Rio Tinto Group during the fourth quarter worth approximately $47,000. 19.33% of the stock is currently owned by institutional investors.

Rio Tinto Group Price Performance

Shares of NYSE RIO traded up $0.66 during midday trading on Friday, hitting $68.94. 3,193,760 shares of the company traded hands, compared to its average volume of 3,270,538. Rio Tinto Group has a 12-month low of $58.27 and a 12-month high of $75.09. The stock has a 50-day moving average price of $64.99 and a 200 day moving average price of $67.43. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.69 and a quick ratio of 1.17.

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. This is a boost from Rio Tinto Group’s previous semi-annual dividend of $1.77. This represents a yield of 6.6%. The ex-dividend date of this dividend was Thursday, March 7th.

Analyst Ratings Changes

A number of brokerages recently commented on RIO. The Goldman Sachs Group assumed coverage on shares of Rio Tinto Group in a research report on Friday, January 12th. They issued a “buy” rating on the stock. Liberum Capital reiterated a “hold” rating on shares of Rio Tinto Group in a research report on Tuesday, March 5th. Finally, StockNews.com upgraded shares of Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a report on Monday, April 29th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.00.

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.