Invesco Ltd. Sells 121,614 Shares of Gold Fields Limited (NYSE:GFI)

Invesco Ltd. lessened its stake in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,924,654 shares of the company's stock after selling 121,614 shares during the period. Invesco Ltd. owned about 0.55% of Gold Fields worth $65,005,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. DJE Kapital AG purchased a new stake in Gold Fields in the fourth quarter worth $33,486,000. Ashton Thomas Private Wealth LLC bought a new stake in Gold Fields in the 4th quarter valued at about $4,979,000. Robeco Institutional Asset Management B.V. lifted its holdings in Gold Fields by 78.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 585,963 shares of the company's stock valued at $7,735,000 after purchasing an additional 257,081 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new position in Gold Fields during the fourth quarter worth about $3,076,000. Finally, RWC Asset Management LLP increased its stake in shares of Gold Fields by 9.2% in the fourth quarter. RWC Asset Management LLP now owns 2,710,910 shares of the company's stock worth $35,784,000 after purchasing an additional 227,704 shares in the last quarter. Hedge funds and other institutional investors own 24.81% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Gold Fields from $17.10 to $18.80 and gave the stock a "neutral" rating in a report on Wednesday, January 15th. Scotiabank boosted 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. StockNews.com downgraded Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Friday. Finally, HSBC reissued a "hold" rating and issued a $21.00 price target on shares of Gold Fields in a report on Thursday. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $18.56.

Gold Fields Stock Down 2.6 %

Shares of GFI stock traded down $0.63 during trading on Friday, hitting $24.04. The company had a trading volume of 4,859,660 shares, compared to its average volume of 3,664,572. Gold Fields Limited has a 52 week low of $12.98 and a 52 week high of $25.52. The stock has a market capitalization of $21.52 billion, a price-to-earnings ratio of 10.23, a price-to-earnings-growth ratio of 0.30 and a beta of 0.92. The stock's 50-day moving average is $20.75 and its two-hundred day moving average is $17.28.

Gold Fields Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, March 27th. Shareholders 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 of this dividend was Friday, March 14th. This represents a yield of 1.6%. Gold Fields's dividend payout ratio (DPR) 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.