Russell Investments Group Ltd. Purchases 22,961 Shares of Gold Fields Limited (NYSE:GFI)

Russell Investments Group Ltd. lifted its position in shares of Gold Fields Limited (NYSE:GFI) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,360,385 shares of the company’s stock after purchasing an additional 22,961 shares during the period. Russell Investments Group Ltd. owned 0.15% of Gold Fields worth $17,957,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in GFI. HighTower Advisors LLC increased its position in Gold Fields by 0.5% during the 4th quarter. HighTower Advisors LLC now owns 105,174 shares of the company’s stock worth $1,388,000 after buying an additional 573 shares during the period. Rhumbline Advisers grew its stake in shares of Gold Fields by 4.3% in the fourth quarter. Rhumbline Advisers now owns 17,332 shares of the company’s stock valued at $229,000 after acquiring an additional 720 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its position in Gold Fields by 3.4% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 48,365 shares of the company’s stock worth $638,000 after acquiring an additional 1,583 shares during the period. Signaturefd LLC raised its stake in Gold Fields by 19.1% in the 4th quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock worth $136,000 after purchasing an additional 1,656 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in Gold Fields by 18.9% in the 4th quarter. US Bancorp DE now owns 11,484 shares of the company’s stock valued at $152,000 after purchasing an additional 1,829 shares during the period. 24.81% of the stock is owned by institutional investors and hedge funds.

Gold Fields Stock Performance

Shares of GFI stock opened at $21.55 on Thursday. Gold Fields Limited has a fifty-two week low of $12.98 and a fifty-two week high of $23.02. The company has a market cap of $19.29 billion, a PE ratio of 9.17, a P/E/G ratio of 0.30 and a beta of 0.92. The stock’s fifty day moving average price is $19.97 and its two-hundred day moving average price is $16.89.

Gold Fields Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were given a $0.3752 dividend. This represents a yield of 1.6%. The ex-dividend date was Friday, March 14th. This is a boost from Gold Fields’s previous semi-annual dividend of $0.17. Gold Fields’s payout ratio is currently 25.96%.

Analysts Set New Price Targets

GFI has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a research report on Wednesday, January 15th. StockNews.com raised Gold Fields from a “buy” rating to a “strong-buy” rating in a report on Thursday. Finally, Scotiabank increased 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 research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.