Gold Fields Limited (NYSE:GFI) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its holdings in shares of Gold Fields Limited (NYSE:GFI) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,831 shares of the company’s stock after selling 1,936 shares during the quarter. Principal Financial Group Inc.’s holdings in Gold Fields were worth $486,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GFI. Rhumbline Advisers boosted its holdings in shares of Gold Fields by 4.3% during the 4th quarter. Rhumbline Advisers now owns 17,332 shares of the company’s stock worth $229,000 after purchasing an additional 720 shares during the last quarter. ABC Arbitrage SA purchased a new position in Gold Fields during the fourth quarter worth approximately $1,641,000. Allspring Global Investments Holdings LLC boosted its stake in Gold Fields by 8.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,507,457 shares of the company’s stock worth $21,194,000 after buying an additional 122,247 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Gold Fields by 78.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 585,963 shares of the company’s stock valued at $7,735,000 after buying an additional 257,081 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Gold Fields by 42.3% in the 4th quarter. SG Americas Securities LLC now owns 87,990 shares of the company’s stock worth $1,161,000 after acquiring an additional 26,143 shares during the last quarter. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Gold Fields Trading Down 0.6 %

Shares of GFI opened at $19.33 on Friday. The firm has a market cap of $17.30 billion, a P/E ratio of 8.23, a price-to-earnings-growth ratio of 0.30 and a beta of 1.14. The company’s 50-day moving average price is $16.85 and its 200 day moving average price is $15.71. Gold Fields Limited has a 12-month low of $12.98 and a 12-month high of $19.80.

Gold Fields Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be issued 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 of this dividend is Friday, March 14th. Gold Fields’s dividend payout ratio is currently 11.49%.

Wall Street Analysts Forecast Growth

GFI has been the subject of a number of analyst reports. Scotiabank upped their price objective on shares of Gold Fields from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. increased their price target on shares of Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a research note on Wednesday, January 15th. Finally, StockNews.com downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Thursday. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $17.20.

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.