US Bancorp DE Sells 1,000 Shares of Gold Fields Limited (NYSE:GFI)

US Bancorp DE reduced its stake in shares of Gold Fields Limited (NYSE:GFI) by 9.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 9,655 shares of the company’s stock after selling 1,000 shares during the period. US Bancorp DE’s holdings in Gold Fields were worth $148,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. lifted its stake in Gold Fields by 10.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 11,538 shares of the company’s stock worth $172,000 after purchasing an additional 1,090 shares during the last quarter. Sierra Summit Advisors LLC raised its holdings in shares of Gold Fields by 8.6% during the 2nd quarter. Sierra Summit Advisors LLC now owns 23,380 shares of the company’s stock valued at $348,000 after buying an additional 1,857 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in Gold Fields by 1.9% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 121,770 shares of the company’s stock worth $1,929,000 after buying an additional 2,300 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Gold Fields by 13.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 21,319 shares of the company’s stock worth $318,000 after buying an additional 2,480 shares in the last quarter. Finally, Atomi Financial Group Inc. grew its position in Gold Fields by 17.0% during the third quarter. Atomi Financial Group Inc. now owns 19,139 shares of the company’s stock valued at $294,000 after acquiring an additional 2,779 shares during the last quarter. 26.02% of the stock is currently owned by hedge funds and other institutional investors.

Gold Fields Price Performance

Shares of GFI opened at $13.67 on Friday. The firm has a fifty day simple moving average of $15.68 and a two-hundred day simple moving average of $15.70. Gold Fields Limited has a twelve month low of $12.19 and a twelve month high of $18.97.

Gold Fields Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 13th were paid a $0.1692 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a dividend yield of 2.2%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Bank of America began coverage on shares of Gold Fields in a report on Monday, September 16th. They issued a “buy” rating and a $16.00 price objective for the company. Investec raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Scotiabank reduced their price objective on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research note on Monday, August 26th. Finally, StockNews.com downgraded Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $15.93.

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.