Dimensional Fund Advisors LP Cuts Position in Gold Fields Limited (NYSE:GFI)

Dimensional Fund Advisors LP decreased its holdings in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,695,607 shares of the company's stock after selling 168,176 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.64% of Gold Fields worth $75,174,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FCA Corp TX purchased a new stake in shares of Gold Fields during the 4th quarter worth approximately $108,000. Net Worth Advisory Group acquired a new stake in Gold Fields during the 4th quarter worth $136,000. Signaturefd LLC lifted its position in Gold Fields by 19.1% in the fourth quarter. Signaturefd LLC now owns 10,304 shares of the company's stock valued at $136,000 after acquiring an additional 1,656 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in Gold Fields in the fourth quarter valued at $141,000. Finally, US Bancorp DE grew its holdings in shares of Gold Fields by 18.9% during the fourth quarter. US Bancorp DE now owns 11,484 shares of the company's stock worth $152,000 after purchasing an additional 1,829 shares during the last quarter. 24.81% of the stock is owned by institutional investors and hedge funds.

Gold Fields Stock Performance

Gold Fields stock traded up $0.20 during trading hours on Tuesday, reaching $23.08. 1,056,578 shares of the stock were exchanged, compared to its average volume of 3,678,937. Gold Fields Limited has a 52-week low of $12.98 and a 52-week high of $25.52. The stock has a market cap of $20.66 billion, a P/E ratio of 9.82, a P/E/G ratio of 0.30 and a beta of 0.57. The firm's 50 day moving average is $21.49 and its 200 day moving average is $17.79.

Gold Fields Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were issued a dividend of $0.3752 per share. This is a boost from Gold Fields's previous semi-annual dividend of $0.17. This represents a yield of 1.6%. The ex-dividend date was Friday, March 14th. Gold Fields's dividend payout ratio is currently 25.96%.

Wall Street Analyst Weigh In

GFI has been the subject of a number of research analyst reports. Hsbc Global Res raised Gold Fields to a "hold" rating in a research report on Thursday, April 17th. HSBC reissued a "hold" rating and issued a $21.00 price objective on shares of Gold Fields in a report on Thursday, April 17th. Scotiabank lifted their target price on shares of Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a report on Monday, April 14th. StockNews.com upgraded shares of Gold Fields from a "buy" rating to a "strong-buy" rating in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Gold Fields from $17.10 to $18.80 and gave the stock a "neutral" rating in a research report on Wednesday, January 15th. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Gold Fields presently has an average rating of "Moderate Buy" and a consensus target price of $18.56.

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.