Raymond James Financial Inc. Makes New $362,000 Investment in Gold Fields Limited (NYSE:GFI)

Raymond James Financial Inc. acquired a new stake in Gold Fields Limited (NYSE:GFI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,445 shares of the company's stock, valued at approximately $362,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. DJE Kapital AG acquired a new stake in shares of Gold Fields during the 4th quarter worth $33,486,000. Robeco Institutional Asset Management B.V. increased its stake 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 worth $7,735,000 after acquiring an additional 257,081 shares during the last quarter. RWC Asset Management LLP raised its holdings in shares of Gold Fields by 9.2% in the 4th 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 during the period. ABC Arbitrage SA purchased a new position in shares of Gold Fields in the 4th quarter worth about $1,641,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Gold Fields by 8.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,507,457 shares of the company's stock worth $21,194,000 after purchasing an additional 122,247 shares during the period. Hedge funds and other institutional investors own 24.81% of the company's stock.

Gold Fields Stock Performance

Shares of NYSE:GFI traded up $0.20 during trading on Tuesday, hitting $23.89. The company's stock had a trading volume of 626,662 shares, compared to its average volume of 3,602,833. Gold Fields Limited has a fifty-two week low of $12.98 and a fifty-two week high of $25.01. The stock's 50-day moving average price is $20.34 and its two-hundred day moving average price is $17.06. The company has a market capitalization of $21.38 billion, a PE ratio of 10.17, a PEG ratio of 0.30 and a beta of 0.92.

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Gold Fields Increases Dividend

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

Wall Street Analysts Forecast Growth

GFI has been the topic of a number of recent research reports. Scotiabank lifted their price target on shares of Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a research report on Monday. JPMorgan Chase & Co. lifted their target price on shares of Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a report on Wednesday, January 15th. Finally, StockNews.com upgraded Gold Fields from a "buy" rating to a "strong-buy" rating in a research note on Thursday, April 10th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Gold Fields has a consensus rating of "Moderate Buy" and an average price target of $17.95.

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.