Rakuten Securities Inc. Sells 13,096 Shares of Gold Fields Limited (NYSE:GFI)

Rakuten Securities Inc. cut its holdings in shares of Gold Fields Limited (NYSE:GFI) by 79.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,466 shares of the company’s stock after selling 13,096 shares during the quarter. Rakuten Securities Inc.’s holdings in Gold Fields were worth $46,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Net Worth Advisory Group bought a new stake in Gold Fields during the fourth quarter valued at about $136,000. Sequoia Financial Advisors LLC bought a new stake in Gold Fields during the fourth quarter valued at about $141,000. US Bancorp DE raised its holdings in Gold Fields by 18.9% during the fourth quarter. US Bancorp DE now owns 11,484 shares of the company’s stock valued at $152,000 after acquiring an additional 1,829 shares during the period. QRG Capital Management Inc. bought a new stake in Gold Fields during the third quarter valued at about $160,000. Finally, Concurrent Investment Advisors LLC raised its holdings in Gold Fields by 8.3% during the third quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company’s stock valued at $170,000 after acquiring an additional 850 shares during the period. 24.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on GFI shares. JPMorgan Chase & Co. raised their price target on Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a report on Wednesday, January 15th. StockNews.com cut Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 6th. Finally, Scotiabank lifted their target price on Gold Fields from $18.00 to $20.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 25th. Four equities 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 presently has a consensus rating of “Hold” and an average price target of $17.20.

Gold Fields Trading Down 1.6 %

Shares of GFI stock opened at $20.20 on Thursday. Gold Fields Limited has a 12-month low of $12.98 and a 12-month high of $20.63. The stock’s 50-day moving average price is $17.41 and its 200-day moving average price is $15.81. The stock has a market capitalization of $18.08 billion, a price-to-earnings ratio of 8.60, a price-to-earnings-growth ratio of 0.30 and a beta of 1.14.

Gold Fields Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be given a $0.3752 dividend. The ex-dividend date of this dividend is 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 25.53%.

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.