Gold Fields Limited (NYSE:GFI) Shares Sold by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. lowered its holdings in shares of Gold Fields Limited (NYSE:GFI) by 21.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,315 shares of the company’s stock after selling 8,469 shares during the period. First Trust Direct Indexing L.P.’s holdings in Gold Fields were worth $438,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GFI. Van ECK Associates Corp boosted its stake in Gold Fields by 15.1% during the third quarter. Van ECK Associates Corp now owns 46,158,985 shares of the company’s stock valued at $501,287,000 after buying an additional 6,053,995 shares in the last quarter. RWC Asset Advisors US LLC raised its holdings in shares of Gold Fields by 19.3% in the 4th quarter. RWC Asset Advisors US LLC now owns 12,810,699 shares of the company’s stock worth $185,243,000 after purchasing an additional 2,070,427 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in Gold Fields by 0.9% during the third quarter. Mackenzie Financial Corp now owns 5,015,942 shares of the company’s stock worth $53,921,000 after buying an additional 43,666 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Gold Fields by 1.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,307,120 shares of the company’s stock valued at $35,915,000 after buying an additional 31,123 shares in the last quarter. Finally, Schroder Investment Management Group boosted its stake in shares of Gold Fields by 11.1% during the 3rd quarter. Schroder Investment Management Group now owns 3,101,543 shares of the company’s stock worth $33,683,000 after acquiring an additional 308,972 shares in the last quarter. Institutional investors own 26.02% of the company’s stock.

Gold Fields Price Performance

Shares of Gold Fields stock opened at $16.45 on Monday. The stock has a 50-day simple moving average of $15.92 and a 200-day simple moving average of $14.61. Gold Fields Limited has a 52-week low of $10.31 and a 52-week high of $18.97. The company has a current ratio of 1.25, a quick ratio of 0.70 and a debt-to-equity ratio of 0.22.

Gold Fields (NYSE:GFI) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.15 by $0.10. On average, research analysts anticipate that Gold Fields Limited will post 1.53 EPS for the current fiscal year.

Gold Fields Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $0.1717 dividend. The ex-dividend date was Thursday, March 14th. This represents a dividend yield of 2.5%. This is a boost from Gold Fields’s previous semi-annual dividend of $0.17.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on GFI shares. BMO Capital Markets downgraded Gold Fields from a “market perform” rating to an “underperform” rating and reduced their target price for the company from $14.00 to $12.00 in a report on Friday, February 2nd. Scotiabank decreased their target price on shares of Gold Fields from $15.50 to $15.00 and set a “sector perform” rating for the company in a report on Monday, February 26th. UBS Group lowered shares of Gold Fields from a “buy” rating to a “neutral” rating in a report on Wednesday, April 10th. Finally, StockNews.com raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research note on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $13.67.

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.