Capital Advisors Inc. OK Boosts Holdings in Rio Tinto Group (NYSE:RIO)

Capital Advisors Inc. OK boosted its stake in Rio Tinto Group (NYSE:RIO - Free Report) by 15.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 406,393 shares of the mining company's stock after purchasing an additional 53,353 shares during the quarter. Capital Advisors Inc. OK's holdings in Rio Tinto Group were worth $30,260,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Simplicity Solutions LLC grew its stake in Rio Tinto Group by 16.0% during the fourth quarter. Simplicity Solutions LLC now owns 5,821 shares of the mining company's stock valued at $433,000 after acquiring an additional 804 shares in the last quarter. AlphaQ Advisors LLC grew its position in shares of Rio Tinto Group by 5.3% during the 4th quarter. AlphaQ Advisors LLC now owns 4,862 shares of the mining company's stock valued at $362,000 after purchasing an additional 244 shares in the last quarter. NewEdge Wealth LLC increased its holdings in shares of Rio Tinto Group by 45.5% in the fourth quarter. NewEdge Wealth LLC now owns 19,294 shares of the mining company's stock worth $1,437,000 after purchasing an additional 6,030 shares during the period. Perigon Wealth Management LLC raised its position in shares of Rio Tinto Group by 3.7% in the fourth quarter. Perigon Wealth Management LLC now owns 22,157 shares of the mining company's stock worth $1,650,000 after buying an additional 782 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its position in shares of Rio Tinto Group by 7.1% in the fourth quarter. Valeo Financial Advisors LLC now owns 8,665 shares of the mining company's stock worth $645,000 after buying an additional 578 shares in the last quarter. Hedge funds and other institutional investors own 19.33% of the company's stock.

Rio Tinto Group Price Performance

NYSE:RIO traded down $0.28 during mid-day trading on Friday, reaching $65.99. The stock had a trading volume of 4,339,891 shares, compared to its average volume of 2,929,772. The firm has a 50 day moving average price of $65.02 and a two-hundred day moving average price of $66.95. 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 has a one year low of $58.27 and a one year high of $75.09.

Rio Tinto Group Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 18th. Stockholders of record on Friday, March 8th will be issued a $2.58 dividend. This represents a dividend yield of 6.6%. This is a positive change from Rio Tinto Group's previous semi-annual dividend of $1.77. The ex-dividend date is Thursday, March 7th.

Wall Street Analyst Weigh In

RIO has been the topic of a number of research analyst reports. The Goldman Sachs Group assumed coverage on Rio Tinto Group in a research note on Friday, January 12th. They issued a "buy" rating on the stock. Liberum Capital reaffirmed a "hold" rating on shares of Rio Tinto Group in a research note on Tuesday, March 5th. Finally, StockNews.com lowered shares of Rio Tinto Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, Rio Tinto Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $72.00.

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.