SG Americas Securities LLC Sells 30,726 Shares of AngloGold Ashanti plc (NYSE:AU)

SG Americas Securities LLC decreased its position in shares of AngloGold Ashanti plc (NYSE:AU) by 23.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 102,578 shares of the mining company’s stock after selling 30,726 shares during the quarter. SG Americas Securities LLC’s holdings in AngloGold Ashanti were worth $1,917,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. bought a new position in AngloGold Ashanti during the 3rd quarter worth approximately $245,342,000. Deutsche Bank AG bought a new stake in shares of AngloGold Ashanti in the 3rd quarter valued at $25,027,000. Public Sector Pension Investment Board bought a new stake in shares of AngloGold Ashanti in the 3rd quarter valued at $2,499,000. Creative Planning bought a new stake in shares of AngloGold Ashanti in the 3rd quarter valued at $177,000. Finally, The Manufacturers Life Insurance Company increased its stake in shares of AngloGold Ashanti by 83.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 76,806 shares of the mining company’s stock valued at $1,224,000 after acquiring an additional 34,827 shares in the last quarter. Institutional investors own 36.09% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of AngloGold Ashanti from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $22.50.

AngloGold Ashanti Stock Performance

NYSE AU opened at $21.98 on Thursday. The company has a fifty day simple moving average of $19.08 and a 200 day simple moving average of $18.30. AngloGold Ashanti plc has a 12-month low of $14.91 and a 12-month high of $30.26. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.17 and a quick ratio of 1.24.

AngloGold Ashanti Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 15th will be paid a $0.19 dividend. The ex-dividend date is Thursday, March 14th. This is an increase from AngloGold Ashanti’s previous semi-annual dividend of $0.03. This represents a dividend yield of 1.1%.

About AngloGold Ashanti

AngloGold Ashanti plc operates as a gold mining company in Africa, the Americas, and Australia. The company primarily explores for gold, as well as produces silver and sulphuric acid as by-products. Its flagship property is a 100% owned Geita project located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania.