Sei Investments Co. Sells 308,224 Shares of Gold Fields Limited (NYSE:GFI)

Sei Investments Co. trimmed its stake in Gold Fields Limited (NYSE:GFI - Free Report) by 82.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,560 shares of the company's stock after selling 308,224 shares during the quarter. Sei Investments Co.'s holdings in Gold Fields were worth $852,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Quantinno Capital Management LP increased its holdings in Gold Fields by 11.1% during the third quarter. Quantinno Capital Management LP now owns 21,205 shares of the company's stock worth $326,000 after buying an additional 2,118 shares during the last quarter. State Street Corp grew its position in shares of Gold Fields by 2.2% in the 3rd quarter. State Street Corp now owns 1,194,633 shares of the company's stock valued at $18,338,000 after acquiring an additional 25,972 shares during the period. Franklin Resources Inc. increased its stake in shares of Gold Fields by 70.0% during the 3rd quarter. Franklin Resources Inc. now owns 37,129 shares of the company's stock worth $579,000 after purchasing an additional 15,289 shares during the last quarter. CWA Asset Management Group LLC raised its holdings in shares of Gold Fields by 13.5% in the 4th quarter. CWA Asset Management Group LLC now owns 77,825 shares of the company's stock valued at $1,027,000 after purchasing an additional 9,261 shares during the period. Finally, Range Financial Group LLC bought a new stake in shares of Gold Fields in the 4th quarter valued at about $770,000. Institutional investors and hedge funds own 24.81% of the company's stock.

Gold Fields Trading Up 4.7 %

GFI stock traded up $1.09 during mid-day trading on Friday, hitting $24.49. 6,418,814 shares of the company were exchanged, compared to its average volume of 3,618,277. Gold Fields Limited has a 1-year low of $12.98 and a 1-year high of $25.01. The business has a 50 day simple moving average of $20.23 and a 200-day simple moving average of $17.01. The stock has a market capitalization of $21.92 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 0.30 and a beta of 0.92.

Gold Fields Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GFI. Scotiabank boosted their price target on Gold Fields from $18.00 to $20.00 and gave the stock a "sector perform" rating in a research report on Tuesday, February 25th. StockNews.com upgraded Gold Fields from a "buy" rating to a "strong-buy" rating in a research note on Thursday. Finally, JPMorgan Chase & Co. increased their price target on Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a research note on Wednesday, January 15th. Three equities research 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 company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $17.20.

Gold Fields Company 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.