Northern Trust Corp Boosts Stock Position in Gold Fields Limited (NYSE:GFI)

Northern Trust Corp increased 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 firm 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GFI. Aquatic Capital Management LLC bought a new position in Gold Fields in the fourth quarter worth $2,357,000. Hsbc Holdings PLC bought a new position in Gold Fields in the fourth quarter worth $155,000. First Trust Advisors LP raised its holdings in Gold Fields by 9.4% in the fourth quarter. First Trust Advisors LP now owns 27,944 shares of the company's stock worth $369,000 after purchasing an additional 2,412 shares in the last quarter. Marshall Wace LLP raised its holdings in Gold Fields by 1,594.7% in the fourth quarter. Marshall Wace LLP now owns 2,114,631 shares of the company's stock worth $27,913,000 after purchasing an additional 1,989,849 shares in the last quarter. Finally, Bridgewater Associates LP raised its holdings in Gold Fields by 97.1% in the fourth quarter. Bridgewater Associates LP now owns 815,113 shares of the company's stock worth $10,759,000 after purchasing an additional 401,567 shares in the last quarter. Hedge funds and other institutional investors own 24.81% of the company's stock.

Gold Fields Price Performance

Shares of Gold Fields stock traded up $1.05 during trading on Friday, hitting $23.09. 2,865,351 shares of the company's stock traded hands, compared to its average volume of 3,685,110. Gold Fields Limited has a 1 year low of $12.98 and a 1 year high of $25.52. The stock has a market capitalization of $20.67 billion, a P/E ratio of 9.83, a PEG ratio of 0.30 and a beta of 0.57. The business has a 50-day simple moving average of $22.03 and a 200-day simple moving average of $18.21.

Gold Fields Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Investors 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 a boost from Gold Fields's previous semi-annual dividend of $0.17. This represents a dividend yield of 1.6%. Gold Fields's dividend payout ratio (DPR) is 25.96%.

Analysts Set New Price Targets

GFI has been the subject of several analyst reports. Hsbc Global Res upgraded Gold Fields to a "hold" rating in a report on Thursday, April 17th. Wall Street Zen upgraded Gold Fields from a "buy" rating to a "strong-buy" rating in a report on Thursday. HSBC restated a "hold" rating and set a $21.00 price target on shares of Gold Fields in a report on Thursday, April 17th. Finally, Scotiabank raised 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, Gold Fields presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.56.

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.