Quantinno Capital Management LP Buys 11,322 Shares of Gold Fields Limited (NYSE:GFI)

Quantinno Capital Management LP increased its stake in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 53.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 32,527 shares of the company's stock after buying an additional 11,322 shares during the period. Quantinno Capital Management LP's holdings in Gold Fields were worth $429,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the company. ABC Arbitrage SA acquired a new position in Gold Fields in the fourth quarter valued at about $1,641,000. Raymond James Financial Inc. bought a new position in Gold Fields in the fourth quarter valued at approximately $362,000. Rhumbline Advisers raised its position in Gold Fields by 4.3% during the fourth quarter. Rhumbline Advisers now owns 17,332 shares of the company's stock valued at $229,000 after purchasing an additional 720 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Gold Fields by 8.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,507,457 shares of the company's stock worth $21,194,000 after purchasing an additional 122,247 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Gold Fields by 42.3% in the 4th quarter. SG Americas Securities LLC now owns 87,990 shares of the company's stock valued at $1,161,000 after purchasing an additional 26,143 shares during the last quarter. 24.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on GFI shares. Scotiabank raised their price objective on Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a research note on Monday, April 14th. Hsbc Global Res raised shares of Gold Fields to a "hold" rating in a report on Thursday, April 17th. HSBC restated a "hold" rating and issued a $21.00 target price on shares of Gold Fields in a research report on Thursday, April 17th. Finally, Wall Street Zen cut shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Friday. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $18.56.

Gold Fields Trading Down 2.1%

NYSE:GFI traded down $0.48 during mid-day trading on Friday, hitting $22.53. 622,681 shares of the company's stock were exchanged, compared to its average volume of 3,626,689. Gold Fields Limited has a fifty-two week low of $12.98 and a fifty-two week high of $25.52. The firm has a market capitalization of $20.16 billion, a P/E ratio of 9.59, a PEG ratio of 0.30 and a beta of 0.57. The company has a 50 day simple moving average of $22.14 and a 200-day simple moving average of $18.41.

Gold Fields Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were issued a dividend of $0.3752 per share. This represents a dividend yield of 1.6%. The ex-dividend date was Friday, March 14th. This is a positive change from Gold Fields's previous semi-annual dividend of $0.17. Gold Fields's payout ratio is 25.96%.

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.