HighTower Advisors LLC Grows Position in Gold Fields Limited $GFI

Key Points

• HighTower Advisors LLC increased its stake in Gold Fields Limited by 45.5%, acquiring an additional 47,851 shares, bringing its total holdings to 153,025 shares worth approximately $3.38 million.
• Gold Fields reported a quarterly earnings per share (EPS) of $1.14 and analysts project an annual EPS of $1.97 for the current year.
• Multiple hedge funds, including Richardson Financial Services and Blue Trust Inc., have also initiated or increased their positions in Gold Fields, indicating growing institutional interest in the company.

HighTower Advisors LLC lifted its position in Gold Fields Limited (NYSE:GFI - Free Report) by 45.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,025 shares of the company's stock after purchasing an additional 47,851 shares during the period. HighTower Advisors LLC's holdings in Gold Fields were worth $3,380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its stake in shares of Gold Fields by 1.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,507,327 shares of the company's stock valued at $99,567,000 after purchasing an additional 45,171 shares during the period. Deutsche Bank AG lifted its stake in shares of Gold Fields by 21.5% in the 1st quarter. Deutsche Bank AG now owns 2,642,663 shares of the company's stock valued at $58,376,000 after purchasing an additional 467,579 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in shares of Gold Fields by 153.6% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,486,280 shares of the company's stock valued at $32,832,000 after purchasing an additional 900,317 shares during the period. Man Group plc lifted its stake in shares of Gold Fields by 119.9% in the 4th quarter. Man Group plc now owns 1,417,329 shares of the company's stock valued at $18,709,000 after purchasing an additional 772,928 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Gold Fields by 7.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,361,933 shares of the company's stock valued at $17,978,000 after purchasing an additional 96,244 shares during the period. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GFI. Wall Street Zen upgraded shares of Gold Fields from a "buy" rating to a "strong-buy" rating in a research note on Sunday. 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 for the company. Capital One Financial set a $32.00 price target on shares of Gold Fields in a report on Friday, August 22nd. Finally, BMO Capital Markets boosted their price target on shares of Gold Fields from $24.00 to $32.00 and gave the stock a "market perform" rating in a report on Monday. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, Gold Fields currently has a consensus rating of "Hold" and a consensus target price of $25.11.

Gold Fields Price Performance

Shares of Gold Fields stock traded down $0.23 during trading hours on Wednesday, reaching $32.90. 3,193,263 shares of the company's stock were exchanged, compared to its average volume of 3,236,782. Gold Fields Limited has a 1 year low of $12.98 and a 1 year high of $33.18. The company has a market capitalization of $29.45 billion, a P/E ratio of 14.00, a price-to-earnings-growth ratio of 0.36 and a beta of 0.42. The business has a fifty day moving average of $26.65 and a two-hundred day moving average of $23.41. The company has a quick ratio of 0.73, a current ratio of 1.89 and a debt-to-equity ratio of 0.40.

Gold Fields Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, September 12th will be issued a dividend of $0.3993 per share. The ex-dividend date of this dividend is Friday, September 12th. This is a positive change from Gold Fields's previous semi-annual dividend of $0.38. This represents a dividend yield of 130.0%. Gold Fields's payout ratio is currently 26.38%.

About Gold Fields

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.