Whittier Trust Co. of Nevada Inc. Has $347,000 Stock Holdings in Rio Tinto Group (NYSE:RIO)

Whittier Trust Co. of Nevada Inc. lifted its holdings in Rio Tinto Group (NYSE:RIO) by 95.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,900 shares of the mining company’s stock after buying an additional 2,875 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Rio Tinto Group were worth $347,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Fisher Asset Management LLC boosted its position in shares of Rio Tinto Group by 0.4% in the fourth quarter. Fisher Asset Management LLC now owns 17,604,463 shares of the mining company’s stock worth $1,035,319,000 after buying an additional 76,368 shares during the period. FMR LLC boosted its position in shares of Rio Tinto Group by 35.1% in the third quarter. FMR LLC now owns 1,381,766 shares of the mining company’s stock worth $98,340,000 after buying an additional 358,630 shares during the period. Todd Asset Management LLC boosted its position in shares of Rio Tinto Group by 1.0% in the fourth quarter. Todd Asset Management LLC now owns 1,068,182 shares of the mining company’s stock worth $62,820,000 after buying an additional 10,062 shares during the period. Palliser Capital UK Ltd boosted its position 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 period. Finally, Natixis Advisors LLC boosted its position in shares of Rio Tinto Group by 11.2% in the fourth quarter. Natixis Advisors LLC now owns 763,952 shares of the mining company’s stock worth $44,928,000 after buying an additional 77,130 shares during the period. Institutional investors and hedge funds own 19.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on RIO. Clarkson Capital raised Rio Tinto Group to a “strong-buy” rating in a research report on Friday, February 28th. StockNews.com cut Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 22nd. Jefferies Financial Group reduced their price objective on Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. assumed coverage on Rio Tinto Group in a research report on Tuesday, March 18th. They set an “overweight” rating for the company. Three analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $73.00.

Rio Tinto Group Price Performance

Shares of NYSE:RIO opened at $62.02 on Monday. Rio Tinto Group has a fifty-two week low of $57.85 and a fifty-two week high of $74.24. The business has a 50-day moving average of $61.90 and a two-hundred day moving average of $62.88. The stock has a market capitalization of $77.71 billion, a P/E ratio of 9.61, a P/E/G ratio of 0.42 and a beta of 0.60. 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 business also recently declared a semi-annual dividend, which will be paid on Thursday, April 17th. Shareholders of record on Friday, March 7th will be given a $2.23 dividend. The ex-dividend date is Friday, March 7th. This represents a dividend yield of 7%. This is a boost from Rio Tinto Group’s previous semi-annual dividend of $1.77. Rio Tinto Group’s payout ratio is currently 69.15%.

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.