Marshall Wace LLP Grows Position in Gold Fields Limited (NYSE:GFI)

Marshall Wace LLP lifted its stake in Gold Fields Limited (NYSE:GFI - Free Report) by 1,594.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,114,631 shares of the company's stock after purchasing an additional 1,989,849 shares during the quarter. Marshall Wace LLP owned 0.24% of Gold Fields worth $27,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of GFI. State Street Corp increased its holdings in Gold Fields by 2.2% in the 3rd quarter. State Street Corp now owns 1,194,633 shares of the company's stock worth $18,338,000 after buying an additional 25,972 shares in the last quarter. Franklin Resources Inc. increased its holdings in Gold Fields by 70.0% in the 3rd quarter. Franklin Resources Inc. now owns 37,129 shares of the company's stock worth $579,000 after buying an additional 15,289 shares in the last quarter. CWA Asset Management Group LLC increased its holdings in Gold Fields by 13.5% in the 4th quarter. CWA Asset Management Group LLC now owns 77,825 shares of the company's stock worth $1,027,000 after buying an additional 9,261 shares in the last quarter. Range Financial Group LLC bought a new stake in Gold Fields in the 4th quarter worth about $770,000. Finally, Atomi Financial Group Inc. increased its holdings in Gold Fields by 10.5% in the 4th quarter. Atomi Financial Group Inc. now owns 21,153 shares of the company's stock worth $279,000 after buying an additional 2,014 shares in the last quarter. 24.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GFI has been the topic of several recent research reports. StockNews.com cut shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Friday, April 18th. Hsbc Global Res upgraded shares of Gold Fields to a "hold" rating in a research report on Thursday, April 17th. HSBC reissued a "hold" rating and set a $21.00 price objective on shares of Gold Fields in a research report on Thursday, April 17th. Scotiabank raised their target price on Gold Fields from $20.00 to $23.00 and gave the stock a "sector perform" rating in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. boosted their price target on Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a report on Wednesday, January 15th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $18.56.

Gold Fields Price Performance

Shares of NYSE:GFI traded up $0.04 during trading on Thursday, hitting $22.24. 1,851,983 shares of the company's stock were exchanged, compared to its average volume of 3,722,912. The company has a market cap of $19.91 billion, a price-to-earnings ratio of 9.46, a PEG ratio of 0.30 and a beta of 0.92. Gold Fields Limited has a 52-week low of $12.98 and a 52-week high of $25.52. The business's 50-day simple moving average is $21.00 and its 200 day simple moving average is $17.43.

Gold Fields Increases Dividend

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