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

Principal Financial Group Inc. trimmed its position in shares of Gold Fields Limited (NYSE:GFI) by 5.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 quarter.

Several other institutional investors also recently bought and sold shares of GFI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Gold Fields in the third quarter valued at approximately $9,911,000. Massachusetts Financial Services Co. MA boosted its position in Gold Fields by 10.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company’s stock valued at $94,492,000 after buying an additional 580,546 shares during the period. Robeco Institutional Asset Management B.V. boosted its position 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 during the period. ABC Arbitrage SA acquired a new position in shares of Gold Fields in the fourth quarter worth $1,641,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of 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 acquiring an additional 122,247 shares during the period. 24.81% of the stock is owned by institutional investors and hedge funds.

Gold Fields Stock Performance

Shares of NYSE GFI opened at $19.33 on Friday. The stock’s 50-day simple moving average is $16.85 and its 200-day simple moving average is $15.71. The firm has a market capitalization of $17.30 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 0.30 and a beta of 1.14. Gold Fields Limited has a fifty-two week low of $12.98 and a fifty-two week 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. Shareholders of record on Friday, March 14th will be issued a dividend of $0.3752 per share. The ex-dividend date is Friday, March 14th. This represents a yield of 1.6%. This is a boost from Gold Fields’s previous semi-annual dividend of $0.17. Gold Fields’s dividend payout ratio (DPR) is presently 11.49%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted 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. Scotiabank raised their target price 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. Finally, StockNews.com cut shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $17.20.

About Gold Fields

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.