Man Group plc Acquires 772,928 Shares of Gold Fields Limited (NYSE:GFI)

Man Group plc boosted its position in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 119.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,417,329 shares of the company's stock after acquiring an additional 772,928 shares during the period. Man Group plc owned 0.16% of Gold Fields worth $18,709,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GFI. DJE Kapital AG acquired a new position in Gold Fields during the 4th quarter worth $33,486,000. Marshall Wace LLP lifted its position in Gold Fields by 1,594.7% during the 4th quarter. Marshall Wace LLP now owns 2,114,631 shares of the company's stock worth $27,913,000 after acquiring an additional 1,989,849 shares during the last quarter. Bridgewater Associates LP lifted its position in Gold Fields by 97.1% during the 4th quarter. Bridgewater Associates LP now owns 815,113 shares of the company's stock worth $10,759,000 after acquiring an additional 401,567 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Gold Fields during the 4th quarter worth $4,979,000. Finally, Capital Fund Management S.A. acquired a new position in Gold Fields during the 4th quarter worth $4,619,000. Institutional investors and hedge funds own 24.81% of the company's stock.

Gold Fields Trading Up 3.3%

Shares of GFI stock traded up $0.71 during trading hours on Tuesday, hitting $21.99. 2,832,462 shares of the company were exchanged, compared to its average volume of 3,718,869. The business has a 50 day moving average of $21.91 and a two-hundred day moving average of $18.07. Gold Fields Limited has a 52 week low of $12.98 and a 52 week high of $25.52. The company has a market capitalization of $19.68 billion, a PE ratio of 9.36, a PEG ratio of 0.30 and a beta of 0.57.

Gold Fields Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently commented on GFI. Hsbc Global Res raised shares of Gold Fields to a "hold" rating in a research report on Thursday, April 17th. Scotiabank upped their target price on shares of 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 reissued a "hold" rating and issued a $21.00 target price on shares of Gold Fields in a research note on Thursday, April 17th. Finally, StockNews.com cut shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, May 7th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $18.56.

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.