Macquarie Group Ltd. Lowers Stock Holdings in AngloGold Ashanti Limited (NYSE:AU)

Macquarie Group Ltd. decreased its position in shares of AngloGold Ashanti Limited (NYSE:AU – Get Rating) by 1.4% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 140,498 shares of the mining company’s stock after selling 2,001 shares during the quarter. Macquarie Group Ltd.’s holdings in AngloGold Ashanti were worth $1,942,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Newbridge Financial Services Group Inc. bought a new stake in AngloGold Ashanti in the 3rd quarter valued at $90,000. Ronald Blue Trust Inc. bought a new stake in AngloGold Ashanti in the 2nd quarter valued at $91,000. Greenleaf Trust bought a new stake in AngloGold Ashanti in the 3rd quarter valued at $140,000. ClariVest Asset Management LLC bought a new stake in AngloGold Ashanti in the 2nd quarter valued at $144,000. Finally, Oxbow Advisors LLC increased its holdings in AngloGold Ashanti by 13.5% in the 3rd quarter. Oxbow Advisors LLC now owns 14,335 shares of the mining company’s stock valued at $198,000 after acquiring an additional 1,710 shares during the last quarter. Hedge funds and other institutional investors own 24.90% of the company’s stock.

AngloGold Ashanti Stock Performance

Shares of AngloGold Ashanti stock opened at $17.61 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.50 and a quick ratio of 1.60. The firm has a fifty day moving average price of $19.89 and a 200 day moving average price of $17.08. AngloGold Ashanti Limited has a 1 year low of $11.94 and a 1 year high of $25.70.

AngloGold Ashanti Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, April 10th. Shareholders of record on Friday, March 17th will be issued a $0.177 dividend. The ex-dividend date of this dividend is Thursday, March 16th. This represents a yield of 2.4%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on AU shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of AngloGold Ashanti from $20.00 to $27.00 in a report on Tuesday, January 10th. HSBC cut shares of AngloGold Ashanti from a “buy” rating to a “reduce” rating in a research report on Monday, January 30th. Finally, Investec upgraded shares of AngloGold Ashanti from a “sell” rating to a “buy” rating in a research note on Friday, January 13th.

About AngloGold Ashanti

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AngloGold Ashanti Ltd. engages in the exploration, mining, and production of gold. It operates through the following business segments: Africa, Australia, and Americas. The Africa segment consists of Ghana, Guinea, the DRC (Democratic Republic of the Congo), and Tanzania. The Americas segment comprises of Argentina, Brazil, and projects in Colombia and the United States.