Gold Fields Limited (NYSE:GFI) Shares Sold by Rakuten Securities Inc.

Rakuten Securities Inc. trimmed its stake in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 79.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,466 shares of the company's stock after selling 13,096 shares during the quarter. Rakuten Securities Inc.'s holdings in Gold Fields were worth $46,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. DJE Kapital AG acquired a new stake in Gold Fields in the fourth quarter valued at approximately $33,486,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Gold Fields during the 3rd quarter worth $9,911,000. Massachusetts Financial Services Co. MA raised its stake in Gold Fields by 10.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company's stock valued at $94,492,000 after buying an additional 580,546 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Gold Fields during the 4th quarter worth about $4,979,000. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Gold Fields by 78.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 585,963 shares of the company's stock worth $7,735,000 after acquiring an additional 257,081 shares in the last quarter. Hedge funds and other institutional investors own 24.81% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GFI shares. JPMorgan Chase & Co. raised their target price on Gold Fields from $17.10 to $18.80 and gave the stock a "neutral" rating in a research report on Wednesday, January 15th. Scotiabank raised their price objective on shares of Gold Fields from $18.00 to $20.00 and gave the stock a "sector perform" rating in a report on Tuesday, February 25th. Finally, StockNews.com upgraded shares of Gold Fields from a "buy" rating to a "strong-buy" rating in a report on Friday. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $17.20.

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Gold Fields Price Performance

Shares of GFI stock traded down $0.62 during trading hours on Friday, hitting $20.13. The stock had a trading volume of 3,548,221 shares, compared to its average volume of 3,077,073. The stock's 50 day moving average is $17.67 and its 200 day moving average is $15.90. The firm has a market capitalization of $18.02 billion, a PE ratio of 8.57, a PEG ratio of 0.30 and a beta of 1.14. Gold Fields Limited has a twelve month low of $12.98 and a twelve month high of $20.83.

Gold Fields Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be paid a $0.3752 dividend. The ex-dividend date of this dividend is 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 payout ratio is currently 25.53%.

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.