Hsbc Holdings PLC Acquires New Holdings in Gold Fields Limited (NYSE:GFI)

Hsbc Holdings PLC bought a new stake in Gold Fields Limited (NYSE:GFI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 11,721 shares of the company's stock, valued at approximately $155,000.

Other institutional investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP increased its holdings in Gold Fields by 9.4% during the 4th 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 during the period. Marshall Wace LLP raised its stake 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 in the last quarter. Bridgewater Associates LP boosted its stake in Gold Fields by 97.1% in the fourth quarter. Bridgewater Associates LP now owns 815,113 shares of the company's stock valued at $10,759,000 after acquiring an additional 401,567 shares in the last quarter. Mariner LLC grew its holdings in shares of Gold Fields by 34.3% during the fourth quarter. Mariner LLC now owns 20,375 shares of the company's stock worth $269,000 after purchasing an additional 5,204 shares during the last quarter. Finally, Capital Fund Management S.A. purchased a new position in shares of Gold Fields during the fourth quarter worth about $4,619,000. Institutional investors and hedge funds own 24.81% of the company's stock.

Gold Fields Stock Performance

NYSE:GFI traded down $0.38 during trading hours on Friday, hitting $20.41. The company's stock had a trading volume of 1,503,894 shares, compared to its average volume of 3,719,949. Gold Fields Limited has a 52-week low of $12.98 and a 52-week high of $25.52. The business's 50-day moving average is $21.89 and its two-hundred day moving average is $17.99. The company has a market capitalization of $18.27 billion, a PE ratio of 8.69, a PEG ratio of 0.30 and a beta of 0.57.

Gold Fields Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were paid 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 is 25.96%.

Analyst Ratings Changes

GFI has been the topic of a number of research reports. HSBC restated a "hold" rating and set a $21.00 price target on shares of Gold Fields in a research note on Thursday, April 17th. StockNews.com lowered shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, May 7th. Scotiabank upped their price target on shares of Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a research report on Monday, April 14th. Finally, Hsbc Global Res raised Gold Fields to a "hold" rating in a report on Thursday, April 17th. Five research 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 stock presently has a consensus rating of "Hold" and a consensus price target of $18.56.

Gold Fields 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.