Wellington Management Group LLP Invests $2.89 Million in Gold Fields Limited (NYSE:GFI)

Wellington Management Group LLP bought a new position in shares of Gold Fields Limited (NYSE:GFI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 218,623 shares of the company's stock, valued at approximately $2,886,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Amundi raised its position in shares of Gold Fields by 7.3% during the 4th quarter. Amundi now owns 3,107,369 shares of the company's stock worth $44,684,000 after purchasing an additional 211,333 shares during the last quarter. American Century Companies Inc. increased its position in Gold Fields by 6.4% during the fourth quarter. American Century Companies Inc. now owns 2,976,004 shares of the company's stock worth $39,283,000 after buying an additional 178,973 shares in the last quarter. RWC Asset Management LLP raised its holdings 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 worth $35,784,000 after acquiring an additional 227,704 shares during the last quarter. DJE Kapital AG purchased a new stake in shares of Gold Fields in the fourth quarter valued at $33,486,000. Finally, Schroder Investment Management Group boosted its stake in shares of Gold Fields by 11.3% during the fourth quarter. Schroder Investment Management Group now owns 2,164,906 shares of the company's stock valued at $28,490,000 after acquiring an additional 219,254 shares during the last quarter. Hedge funds and other institutional investors own 24.81% of the company's stock.

Gold Fields Price Performance

GFI stock traded down $0.45 on Thursday, hitting $24.22. 1,793,631 shares of the company were exchanged, compared to its average volume of 3,619,652. The stock has a market capitalization of $21.68 billion, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 0.30 and a beta of 0.92. The business's fifty day moving average is $20.57 and its two-hundred day moving average is $17.16. Gold Fields Limited has a twelve month low of $12.98 and a twelve month high of $25.52.

Gold Fields Increases Dividend

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

Analyst Ratings Changes

GFI has been the topic of a number of recent research reports. HSBC restated a "hold" rating and issued a $21.00 target price on shares of Gold Fields in a report on Thursday. JPMorgan Chase & Co. raised their target price on shares of Gold Fields from $17.10 to $18.80 and gave the stock a "neutral" rating in a research report on Wednesday, January 15th. Scotiabank boosted their price target on Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a report on Monday. Finally, StockNews.com raised Gold Fields from a "buy" rating to a "strong-buy" rating in a research note on Thursday, April 10th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.56.

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.