Sumitomo Mitsui Trust Holdings Inc. Has $6.06 Million Position in AngloGold Ashanti plc (NYSE:AU)

Sumitomo Mitsui Trust Holdings Inc. lowered its stake in AngloGold Ashanti plc (NYSE:AU) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 314,420 shares of the mining company’s stock after selling 4,174 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in AngloGold Ashanti were worth $6,057,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. International Assets Investment Management LLC acquired a new stake in AngloGold Ashanti during the 4th quarter worth $16,260,000. Blue Trust Inc. grew its holdings in AngloGold Ashanti by 132.0% during the 4th quarter. Blue Trust Inc. now owns 4,023 shares of the mining company’s stock worth $75,000 after acquiring an additional 2,289 shares during the period. Vanguard Group Inc. acquired a new stake in AngloGold Ashanti during the 3rd quarter worth $245,342,000. Deutsche Bank AG acquired a new stake in AngloGold Ashanti during the 3rd quarter worth $25,027,000. Finally, Public Sector Pension Investment Board acquired a new stake in AngloGold Ashanti during the 3rd quarter worth $2,499,000. Institutional investors and hedge funds own 36.09% of the company’s stock.

Wall Street Analysts Forecast Growth

AU has been the subject of a number of analyst reports. StockNews.com raised shares of AngloGold Ashanti from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. HSBC lowered shares of AngloGold Ashanti from a “hold” rating to a “reduce” rating in a report on Friday, April 19th. Finally, JPMorgan Chase & Co. lifted their price target on shares of AngloGold Ashanti from $23.00 to $31.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, AngloGold Ashanti has an average rating of “Hold” and an average target price of $24.25.

AngloGold Ashanti Price Performance

Shares of NYSE AU opened at $22.11 on Wednesday. The company’s fifty day moving average is $21.27 and its 200-day moving average is $19.13. AngloGold Ashanti plc has a twelve month low of $14.91 and a twelve month high of $30.26.

AngloGold Ashanti Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.19 per share. This represents a dividend yield of 1.1%. This is a boost from AngloGold Ashanti’s previous semi-annual dividend of $0.03. The ex-dividend date of this dividend was Thursday, March 14th.

AngloGold Ashanti Profile

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.