Marshall Financial Group LLC Acquires New Position in Gold Fields Limited $GFI

Key Points

• Marshall Financial Group LLC invested approximately $1.04 million in Gold Fields Limited by purchasing 41,966 shares during the second quarter.
• Gold Fields has declared a semi-annual dividend of $0.3993 per share, reflecting a 130.0% yield, an increase from the prior dividend of $0.38.
• Analyst ratings for Gold Fields vary, with BMO Capital Markets raising their target price to $32.00 while Wall Street Zen downgraded their rating from "strong-buy" to "buy".

Marshall Financial Group LLC purchased a new position in Gold Fields Limited (NYSE:GFI - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 41,966 shares of the company's stock, valued at approximately $1,042,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of GFI. Sequoia Financial Advisors LLC boosted its stake in shares of Gold Fields by 47.9% in the first quarter. Sequoia Financial Advisors LLC now owns 15,756 shares of the company's stock worth $348,000 after acquiring an additional 5,102 shares during the period. GAMMA Investing LLC raised its position in Gold Fields by 21.0% during the first quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock valued at $83,000 after purchasing an additional 649 shares during the period. Envestnet Asset Management Inc. purchased a new stake in shares of Gold Fields in the first quarter worth approximately $8,075,000. Stratos Wealth Partners LTD. purchased a new stake in shares of Gold Fields in the first quarter worth approximately $624,000. Finally, Assenagon Asset Management S.A. purchased a new position in Gold Fields during the 1st quarter worth $2,914,000. Hedge funds and other institutional investors own 24.81% of the company's stock.

Gold Fields Trading Up 9.4%

GFI traded up $3.55 during trading hours on Friday, reaching $41.42. The company's stock had a trading volume of 6,082,306 shares, compared to its average volume of 3,450,508. Gold Fields Limited has a fifty-two week low of $12.98 and a fifty-two week high of $41.46. The stock has a market cap of $37.07 billion, a PE ratio of 17.63, a P/E/G ratio of 0.42 and a beta of 0.47. The business's 50-day moving average is $30.79 and its 200-day moving average is $25.48. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.89 and a quick ratio of 0.73.

Gold Fields Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, September 12th will be issued a $0.3993 dividend. This represents a yield of 130.0%. This is a boost 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 dividend payout ratio is currently 27.23%.

Analyst Ratings Changes

Several research analysts have commented on GFI shares. BMO Capital Markets raised their price objective on Gold Fields from $24.00 to $32.00 and gave the stock a "market perform" rating in a report on Monday, August 25th. Canaccord Genuity Group started coverage on Gold Fields in a research note on Monday, July 28th. They set a "buy" rating and a $33.00 price target on the stock. Wall Street Zen lowered Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Monday, September 1st. Finally, Capital One Financial set a $32.00 price target on shares of Gold Fields in a research report on Friday, August 22nd. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $26.63.

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.