Freestone Capital Holdings LLC Increases Stock Holdings in Rio Tinto Group (NYSE:RIO)

Freestone Capital Holdings LLC boosted its holdings in Rio Tinto Group (NYSE:RIO) by 6.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,581 shares of the mining company’s stock after purchasing an additional 390 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Rio Tinto Group were worth $387,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. increased 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 valued at $29,000 after acquiring an additional 195 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in Rio Tinto Group in the fourth quarter valued at approximately $47,000. HHM Wealth Advisors LLC acquired a new position in Rio Tinto Group during the fourth quarter worth approximately $50,000. Hara Capital LLC purchased a new position in Rio Tinto Group during the third quarter worth approximately $53,000. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Rio Tinto Group by 49.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 820 shares of the mining company’s stock valued at $58,000 after purchasing an additional 270 shares during the last quarter. 19.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Rio Tinto Group Stock Down 2.5 %

Shares of NYSE RIO opened at $62.33 on Friday. The stock has a fifty day moving average price of $61.12 and a 200 day moving average price of $62.89. The company has a current ratio of 1.63, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23. Rio Tinto Group has a 12-month low of $57.85 and a 12-month high of $74.24. The company has a market cap of $78.10 billion, a P/E ratio of 9.66, a P/E/G ratio of 0.42 and a beta of 0.60.

Rio Tinto Group Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, March 7th will be paid a $2.23 dividend. The ex-dividend date is Friday, March 7th. This represents a dividend yield of 7%. This is a positive change from Rio Tinto Group’s previous semi-annual dividend of $1.77. Rio Tinto Group’s dividend payout ratio (DPR) is 69.15%.

Rio Tinto Group 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.