Bramshill Investments LLC Has $1.44 Million Holdings in Rio Tinto Group (NYSE:RIO)

Bramshill Investments LLC raised its position in Rio Tinto Group (NYSE:RIO - Free Report) by 129.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,412 shares of the mining company's stock after purchasing an additional 13,795 shares during the quarter. Bramshill Investments LLC's holdings in Rio Tinto Group were worth $1,436,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of RIO. Dynamo Internacional Gestao DE Recursos LTDA. lifted its position in shares of Rio Tinto Group by 119.2% in the fourth quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 129,804 shares of the mining company's stock worth $2,423,000 after buying an additional 807,610 shares during the last quarter. Paloma Partners Management Co bought a new position in shares of Rio Tinto Group in the fourth quarter valued at approximately $40,032,000. Palliser Capital UK Ltd lifted its stake in shares of Rio Tinto Group by 213.8% in the fourth quarter. Palliser Capital UK Ltd now owns 989,417 shares of the mining company's stock worth $58,188,000 after buying an additional 674,117 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Rio Tinto Group in the 4th quarter valued at $29,606,000. Finally, Ameriprise Financial Inc. raised its holdings in Rio Tinto Group by 169.4% in the 4th quarter. Ameriprise Financial Inc. now owns 619,494 shares of the mining company's stock worth $36,428,000 after acquiring an additional 389,531 shares during the period. 19.33% of the stock is owned by institutional investors and hedge funds.

Rio Tinto Group Price Performance

Rio Tinto Group stock traded up $0.79 on Friday, reaching $59.97. The company's stock had a trading volume of 1,262,093 shares, compared to its average volume of 2,854,064. The business's fifty day moving average price is $59.81 and its 200 day moving average price is $61.19. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.63. The company has a market cap of $75.20 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 0.42 and a beta of 0.73. Rio Tinto Group has a twelve month low of $51.67 and a twelve month 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 represents a yield of 7%. The ex-dividend date was Friday, March 7th. This is a boost from Rio Tinto Group's previous semi-annual dividend of $1.77. Rio Tinto Group's payout ratio is 69.15%.

Analysts Set New Price Targets

RIO has been the topic of several research analyst reports. DZ Bank raised Rio Tinto Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 27th. StockNews.com cut shares of Rio Tinto Group from a "strong-buy" rating to a "buy" rating in a research note on Monday, April 28th. Barclays reiterated an "overweight" rating on shares of Rio Tinto Group in a research note on Wednesday, April 16th. Clarkson Capital upgraded Rio Tinto Group to a "strong-buy" rating in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Rio Tinto Group in a research note on Tuesday, March 18th. They issued an "overweight" rating on the stock. Four analysts have rated the stock with a hold rating, six have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Rio Tinto Group presently has a consensus rating of "Moderate Buy" and an average target price of $73.00.

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.