Schroder Investment Management Group Increases Stake in Gold Fields Limited (NYSE:GFI)

Schroder Investment Management Group increased its holdings in Gold Fields Limited (NYSE:GFI) by 11.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,164,906 shares of the company’s stock after acquiring an additional 219,254 shares during the quarter. Schroder Investment Management Group owned approximately 0.24% of Gold Fields worth $28,490,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cerity Partners LLC lifted its position in shares of Gold Fields by 131.0% in the 3rd quarter. Cerity Partners LLC now owns 31,152 shares of the company’s stock worth $478,000 after purchasing an additional 17,664 shares during the period. Bank of Montreal Can lifted its holdings in Gold Fields by 36.9% during the third quarter. Bank of Montreal Can now owns 263,575 shares of the company’s stock worth $4,280,000 after buying an additional 71,094 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Gold Fields during the 3rd quarter valued at $9,911,000. Bamco Inc. NY increased its holdings in shares of Gold Fields by 4.8% in the 3rd quarter. Bamco Inc. NY now owns 2,018,817 shares of the company’s stock valued at $30,989,000 after acquiring an additional 92,571 shares during the period. Finally, Centiva Capital LP bought a new position in shares of Gold Fields in the 3rd quarter worth $521,000. 24.81% of the stock is currently owned by institutional investors.

Gold Fields Stock Performance

Shares of NYSE GFI opened at $22.75 on Wednesday. Gold Fields Limited has a fifty-two week low of $12.98 and a fifty-two week high of $23.02. The company has a market cap of $20.36 billion, a PE ratio of 9.68, a P/E/G ratio of 0.30 and a beta of 1.14. The business has a 50-day simple moving average of $19.24 and a two-hundred day simple moving average of $16.56.

Gold Fields Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were paid a $0.3752 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Gold Fields’s previous semi-annual dividend of $0.17. This represents a yield of 1.6%. Gold Fields’s dividend payout ratio (DPR) is 25.96%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GFI. StockNews.com upgraded Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Scotiabank lifted their price objective on shares of Gold Fields from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. increased their target price on shares of Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a research report on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.20.

Gold Fields Profile

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.