Deutsche Bank AG Boosts Stock Holdings in Rio Tinto Group (NYSE:RIO)

Deutsche Bank AG raised its position in shares of Rio Tinto Group (NYSE:RIO - Free Report) by 143,872.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,264,081 shares of the mining company's stock after purchasing an additional 1,263,203 shares during the period. Deutsche Bank AG owned 0.10% of Rio Tinto Group worth $74,341,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Barclays PLC boosted its holdings in Rio Tinto Group by 225.6% in the 3rd quarter. Barclays PLC now owns 335,637 shares of the mining company's stock worth $23,888,000 after buying an additional 232,539 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Rio Tinto Group by 5.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 63,232 shares of the mining company's stock valued at $3,719,000 after purchasing an additional 3,299 shares in the last quarter. Wedmont Private Capital raised its stake in shares of Rio Tinto Group by 16.9% during the 4th quarter. Wedmont Private Capital now owns 3,451 shares of the mining company's stock valued at $203,000 after purchasing an additional 499 shares during the period. Sivia Capital Partners LLC lifted its holdings in Rio Tinto Group by 23.3% during the 4th quarter. Sivia Capital Partners LLC now owns 3,482 shares of the mining company's stock worth $205,000 after purchasing an additional 657 shares in the last quarter. Finally, Persium Advisors LLC bought a new position in Rio Tinto Group in the 4th quarter worth about $422,000. 19.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RIO has been the subject of a number of analyst reports. StockNews.com lowered shares of Rio Tinto Group from a "strong-buy" rating to a "buy" rating in a research report on Monday, April 28th. JPMorgan Chase & Co. initiated coverage on shares of Rio Tinto Group in a research report on Tuesday, March 18th. They set an "overweight" rating for the company. DZ Bank upgraded Rio Tinto Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 27th. Clarkson Capital upgraded Rio Tinto Group to a "strong-buy" rating in a research report on Friday, February 28th. Finally, Morgan Stanley cut Rio Tinto Group from an "overweight" rating to an "equal weight" rating in a report on Wednesday, April 9th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $73.00.

Rio Tinto Group Stock Up 2.4%

Shares of RIO opened at $61.42 on Tuesday. The firm has a market cap of $77.01 billion, a P/E ratio of 9.52, a P/E/G ratio of 0.42 and a beta of 0.73. Rio Tinto Group has a 1 year low of $51.67 and a 1 year high of $74.24. The stock has a 50 day simple moving average of $59.72 and a two-hundred day simple moving average of $61.08. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.63 and a quick ratio of 1.16.

Rio Tinto Group Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, April 17th. Stockholders of record on Friday, March 7th were paid 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 was Friday, March 7th. This represents a dividend yield of 7%. Rio Tinto Group's dividend payout ratio is 69.15%.

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.

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