USS Investment Management Ltd Sells 821,660 Shares of Gold Fields Limited (NYSE:GFI)

USS Investment Management Ltd lowered its position in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 28.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,022,029 shares of the company's stock after selling 821,660 shares during the quarter. USS Investment Management Ltd owned 0.23% of Gold Fields worth $26,701,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GFI. Amundi increased its stake in Gold Fields by 7.3% in the 4th quarter. Amundi now owns 3,107,369 shares of the company's stock valued at $44,684,000 after buying an additional 211,333 shares during the last quarter. American Century Companies Inc. increased its stake in Gold Fields by 6.4% in the 4th quarter. American Century Companies Inc. now owns 2,976,004 shares of the company's stock valued at $39,283,000 after buying an additional 178,973 shares during the last quarter. RWC Asset Management LLP increased its stake in Gold Fields by 9.2% in the 4th quarter. RWC Asset Management LLP now owns 2,710,910 shares of the company's stock valued at $35,784,000 after buying an additional 227,704 shares during the last quarter. DJE Kapital AG acquired a new stake in Gold Fields in the 4th quarter valued at $33,486,000. Finally, Schroder Investment Management Group increased its stake in Gold Fields by 11.3% in the 4th quarter. Schroder Investment Management Group now owns 2,164,906 shares of the company's stock valued at $28,490,000 after buying an additional 219,254 shares during the last quarter. Institutional investors and hedge funds own 24.81% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GFI. HSBC reiterated a "hold" rating and issued a $21.00 price target on shares of Gold Fields in a research note on Thursday, April 17th. Hsbc Global Res raised shares of Gold Fields to a "hold" rating in a research report on Thursday, April 17th. Scotiabank upped their price target on shares of Gold Fields from $20.00 to $23.00 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Finally, Wall Street Zen raised shares of Gold Fields from a "buy" rating to a "strong-buy" rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Gold Fields currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.56.

Gold Fields Trading Up 4.8%

Shares of NYSE:GFI traded up $1.05 on Friday, hitting $23.09. The company had a trading volume of 2,865,351 shares, 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 cap of $20.67 billion, a price-to-earnings ratio of 9.83, a P/E/G ratio of 0.30 and a beta of 0.57. The stock has a 50 day moving average price of $22.03 and a 200 day moving average price of $18.22.

Gold Fields Increases Dividend

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