Maven Securities LTD Sells 27,362 Shares of Rio Tinto Group (NYSE:RIO)

Maven Securities LTD lowered its stake in shares of Rio Tinto Group (NYSE:RIO - Free Report) by 21.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 98,112 shares of the mining company's stock after selling 27,362 shares during the period. Rio Tinto Group makes up 0.1% of Maven Securities LTD's investment portfolio, making the stock its 18th biggest holding. Maven Securities LTD's holdings in Rio Tinto Group were worth $5,770,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. grew its stake in Rio Tinto Group by 63.9% during the fourth 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 in the last quarter. Rakuten Securities Inc. increased its stake in Rio Tinto Group by 74.8% in the 4th quarter. Rakuten Securities Inc. now owns 493 shares of the mining company's stock worth $29,000 after purchasing an additional 211 shares during the period. Mechanics Financial Corp bought a new stake in Rio Tinto Group in the 4th quarter worth $29,000. Golden State Wealth Management LLC bought a new position in Rio Tinto Group during the 4th quarter valued at approximately $47,000. Finally, HHM Wealth Advisors LLC bought a new position in Rio Tinto Group in the 4th quarter worth $50,000. Institutional investors own 19.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RIO. DZ Bank raised Rio Tinto Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 27th. JPMorgan Chase & Co. began coverage on Rio Tinto Group in a research note on Tuesday, March 18th. They issued an "overweight" rating for the company. Barclays reaffirmed an "overweight" rating on shares of Rio Tinto Group in a research report on Wednesday, April 16th. Clarkson Capital upgraded shares of Rio Tinto Group to a "strong-buy" rating in a report on Friday, February 28th. Finally, Morgan Stanley cut Rio Tinto Group from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, April 9th. Four 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's stock. According to data from MarketBeat.com, Rio Tinto Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $73.00.

Rio Tinto Group Price Performance

NYSE RIO opened at $61.42 on Tuesday. The company has a current ratio of 1.63, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23. The company 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. The company has a fifty day simple moving average of $59.72 and a 200 day simple moving average of $61.08. Rio Tinto Group has a 1 year low of $51.67 and a 1 year high of $74.24.

Rio Tinto Group Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, April 17th. Investors of record on Friday, March 7th were given a $2.23 dividend. This is a boost from Rio Tinto Group's previous semi-annual dividend of $1.77. This represents a yield of 7%. The ex-dividend date of this dividend was Friday, March 7th. Rio Tinto Group's payout ratio is currently 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.

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