Schroder Investment Management Group Acquires 219,254 Shares of Gold Fields Limited (NYSE:GFI)

Schroder Investment Management Group boosted its stake in Gold Fields Limited (NYSE:GFI - Free Report) by 11.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,164,906 shares of the company's stock after purchasing an additional 219,254 shares during the period. Schroder Investment Management Group owned about 0.24% of Gold Fields worth $28,490,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Amundi increased its stake in shares of Gold Fields by 7.3% in the fourth quarter. Amundi now owns 3,107,369 shares of the company's stock worth $44,684,000 after buying an additional 211,333 shares during the period. American Century Companies Inc. grew its holdings in Gold Fields by 6.4% in the 4th quarter. American Century Companies Inc. now owns 2,976,004 shares of the company's stock worth $39,283,000 after acquiring an additional 178,973 shares during the last quarter. RWC Asset Management LLP increased its position in shares of Gold Fields by 9.2% in the fourth quarter. RWC Asset Management LLP now owns 2,710,910 shares of the company's stock valued at $35,784,000 after acquiring an additional 227,704 shares during the period. DJE Kapital AG bought a new position in shares of Gold Fields during the fourth quarter valued at about $33,486,000. Finally, Bamco Inc. NY boosted its holdings in shares of Gold Fields by 4.8% during the third quarter. Bamco Inc. NY now owns 2,018,817 shares of the company's stock worth $30,989,000 after purchasing an additional 92,571 shares during the period. Institutional investors own 24.81% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GFI. StockNews.com upgraded Gold Fields from a "buy" rating to a "strong-buy" rating in a report on Sunday. JPMorgan Chase & Co. upped their target price on Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a report on Wednesday, January 15th. Finally, Scotiabank raised their price target on Gold Fields from $18.00 to $20.00 and gave the stock a "sector perform" rating in a research note on Tuesday, February 25th. Four investment 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 company's stock. According to MarketBeat, Gold Fields presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.20.

Gold Fields Stock Down 0.3 %

Shares of NYSE:GFI traded down $0.07 during trading on Thursday, hitting $22.66. The stock had a trading volume of 4,936,333 shares, compared to its average volume of 3,303,152. The company has a market capitalization of $20.28 billion, a PE ratio of 9.64, a PEG ratio of 0.30 and a beta of 0.92. The firm's fifty day moving average is $19.37 and its 200 day moving average is $16.60. Gold Fields Limited has a 12 month low of $12.98 and a 12 month high of $23.02.

Gold Fields Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were given a dividend of $0.3752 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a yield of 1.6%. This is a positive change from Gold Fields's previous semi-annual dividend of $0.17. Gold Fields's dividend payout ratio (DPR) is currently 25.96%.

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.