Gold Fields Limited (NYSE:GFI) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its stake in Gold Fields Limited (NYSE:GFI - Free Report) by 1.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,360,385 shares of the company's stock after purchasing an additional 22,961 shares during the period. Russell Investments Group Ltd. owned approximately 0.15% of Gold Fields worth $17,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Gold Fields Price Performance

Gold Fields stock traded up $0.13 during mid-day trading on Tuesday, reaching $23.82. The company had a trading volume of 1,242,645 shares, compared to its average volume of 3,613,378. The stock's 50-day simple moving average is $20.34 and its 200-day simple moving average is $17.06. The company has a market capitalization of $21.32 billion, a P/E ratio of 10.14, a P/E/G ratio of 0.30 and a beta of 0.92. Gold Fields Limited has a 1 year low of $12.98 and a 1 year high of $25.01.

Gold Fields Increases Dividend

The firm also recently declared 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 was Friday, March 14th. This is a positive change from Gold Fields's previous semi-annual dividend of $0.17. This represents a dividend yield of 1.6%. Gold Fields's dividend payout ratio is currently 25.96%.

Analyst Ratings Changes

A number of brokerages have issued reports on GFI. Scotiabank boosted their target price on 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. raised their price target on shares of Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a research report on Wednesday, January 15th. Finally, StockNews.com raised Gold Fields from a "buy" rating to a "strong-buy" rating in a research report on Thursday, April 10th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Gold Fields has a consensus rating of "Moderate Buy" and an average price target of $17.95.

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.