Massachusetts Financial Services Co. MA Trims Stake in Gold Fields Limited (NYSE:GFI)

Massachusetts Financial Services Co. MA lessened its stake in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 27.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,462,156 shares of the company's stock after selling 1,693,679 shares during the period. Massachusetts Financial Services Co. MA owned 0.50% of Gold Fields worth $58,900,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. FCA Corp TX bought a new position in shares of Gold Fields during the fourth quarter valued at approximately $108,000. Net Worth Advisory Group bought a new stake in Gold Fields during the 4th quarter valued at $136,000. Signaturefd LLC increased its holdings in shares of Gold Fields by 19.1% in the 4th quarter. Signaturefd LLC now owns 10,304 shares of the company's stock valued at $136,000 after acquiring an additional 1,656 shares during the period. Sequoia Financial Advisors LLC bought a new position in shares of Gold Fields in the 4th quarter worth $141,000. Finally, US Bancorp DE lifted its stake in shares of Gold Fields by 18.9% during the 4th quarter. US Bancorp DE now owns 11,484 shares of the company's stock worth $152,000 after purchasing an additional 1,829 shares during the last quarter. 24.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GFI has been the subject of several analyst reports. StockNews.com upgraded Gold Fields from a "buy" rating to a "strong-buy" rating in a report on Thursday. JPMorgan Chase & Co. raised their price target on Gold Fields from $17.10 to $18.80 and gave the stock a "neutral" rating in a report on Wednesday, January 15th. Finally, Scotiabank upped their price objective on shares of Gold Fields from $18.00 to $20.00 and gave the company a "sector perform" rating in a report on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $17.20.

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Gold Fields Trading Up 6.7 %

GFI traded up $1.45 on Thursday, hitting $23.00. The company had a trading volume of 3,318,251 shares, compared to its average volume of 3,525,029. The firm has a market cap of $20.59 billion, a P/E ratio of 9.79, a PEG ratio of 0.30 and a beta of 0.92. The company's fifty day moving average price is $19.97 and its 200 day moving average price is $16.89. Gold Fields Limited has a 1 year low of $12.98 and a 1 year high of $23.49.

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 issued a $0.3752 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Gold Fields's previous semi-annual dividend of $0.17. This represents a yield of 1.6%. Gold Fields's dividend payout ratio (DPR) is 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.