2,226,626 Shares in Gold Fields Limited $GFI Acquired by Clark Capital Management Group Inc.

Key Points

• Clark Capital Management Group Inc. invested approximately $49.19 million in Gold Fields Limited by purchasing 2,226,626 shares in the first quarter, representing about 0.25% of the company's stock.
• Gold Fields recently announced a semi-annual dividend increase to $0.3993 per share, with a scheduled payment date of September 25th, reflecting a dividend yield of 130.0%.
• Research analysts have set varied price targets for Gold Fields, with Capital One Financial targeting $32.00, while BMO Capital Markets has increased its target from $24.00 to $32.00.

Clark Capital Management Group Inc. purchased a new position in shares of Gold Fields Limited (NYSE:GFI - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,226,626 shares of the company's stock, valued at approximately $49,186,000. Clark Capital Management Group Inc. owned about 0.25% of Gold Fields as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA boosted its holdings in Gold Fields by 1.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,507,327 shares of the company's stock worth $99,567,000 after purchasing an additional 45,171 shares during the last quarter. Amundi boosted its holdings in Gold Fields by 17.8% during the first quarter. Amundi now owns 3,661,529 shares of the company's stock worth $82,934,000 after purchasing an additional 554,160 shares during the last quarter. American Century Companies Inc. boosted its holdings in Gold Fields by 6.0% during the first quarter. American Century Companies Inc. now owns 3,154,846 shares of the company's stock worth $69,691,000 after purchasing an additional 178,842 shares during the last quarter. Deutsche Bank AG boosted its holdings in Gold Fields by 21.5% during the first quarter. Deutsche Bank AG now owns 2,642,663 shares of the company's stock worth $58,376,000 after purchasing an additional 467,579 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Gold Fields by 153.6% during the first quarter. Robeco Institutional Asset Management B.V. now owns 1,486,280 shares of the company's stock worth $32,832,000 after purchasing an additional 900,317 shares during the last quarter. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

Gold Fields Stock Performance

Shares of NYSE GFI remained flat at $35.61 during midday trading on Tuesday. 2,302,157 shares of the stock traded hands, compared to its average volume of 3,407,780. The company's 50 day simple moving average is $28.26 and its two-hundred day simple moving average is $24.31. Gold Fields Limited has a one year low of $12.98 and a one year high of $36.27. The company has a quick ratio of 0.73, a current ratio of 1.89 and a debt-to-equity ratio of 0.40. The stock has a market cap of $31.87 billion, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 0.37 and a beta of 0.47.

Gold Fields Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, September 12th will be given a $0.3993 dividend. This represents a dividend yield of 130.0%. This is an increase from Gold Fields's previous semi-annual dividend of $0.38. The ex-dividend date of this dividend is Friday, September 12th. Gold Fields's payout ratio is presently 26.38%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Wall Street Zen cut shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Monday, September 1st. BMO Capital Markets boosted their target price on shares of Gold Fields from $24.00 to $32.00 and gave the company a "market perform" rating in a research note on Monday, August 25th. Canaccord Genuity Group began coverage on shares of Gold Fields in a research note on Monday, July 28th. They issued a "buy" rating and a $33.00 target price on the stock. Finally, Capital One Financial set a $32.00 target price on shares of Gold Fields in a research note on Friday, August 22nd. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $25.11.

Gold Fields Company 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.