Northern Trust Corp Acquires 288,887 Shares of Gold Fields Limited (NYSE:GFI)

Northern Trust Corp raised its holdings in Gold Fields Limited (NYSE:GFI - Free Report) by 258.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 400,680 shares of the company's stock after acquiring an additional 288,887 shares during the quarter. Northern Trust Corp's holdings in Gold Fields were worth $5,289,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on GFI shares. Hsbc Global Res raised shares of Gold Fields to a "hold" rating in a report on Thursday, April 17th. Wall Street Zen upgraded shares of Gold Fields from a "buy" rating to a "strong-buy" rating in a research note on Thursday. HSBC reissued a "hold" rating and set a $21.00 target price on shares of Gold Fields in a research report on Thursday, April 17th. Finally, Scotiabank upped their price target on Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a report on Monday, April 14th. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $18.56.

Gold Fields Stock Performance

GFI traded up $1.05 during midday trading on Monday, hitting $23.09. The company had a trading volume of 2,865,351 shares, compared to its average volume of 3,685,110. The firm's 50-day simple moving average is $22.06 and its 200-day simple moving average is $18.29. Gold Fields Limited has a twelve month low of $12.98 and a twelve month high of $25.52. The company has a market capitalization of $20.67 billion, a PE ratio of 9.83, a P/E/G ratio of 0.30 and a beta of 0.57.

Gold Fields Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were given a dividend of $0.3752 per share. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Gold Fields's previous semi-annual dividend of $0.17. This represents a yield of 1.6%. Gold Fields's dividend payout ratio is presently 25.96%.

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.