Sei Investments Co. Grows Position in Gold Fields Limited (NYSE:GFI)

Sei Investments Co. grew its stake in shares of Gold Fields Limited (NYSE:GFI) by 258.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 440,848 shares of the company’s stock after purchasing an additional 317,719 shares during the period. Sei Investments Co.’s holdings in Gold Fields were worth $6,569,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in GFI. Parallel Advisors LLC boosted its stake in shares of Gold Fields by 51.7% during the 4th quarter. Parallel Advisors LLC now owns 4,878 shares of the company’s stock worth $71,000 after acquiring an additional 1,662 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in Gold Fields in the fourth quarter valued at $875,000. Schroder Investment Management Group increased its position in shares of Gold Fields by 4.5% in the fourth quarter. Schroder Investment Management Group now owns 3,240,748 shares of the company’s stock valued at $46,861,000 after buying an additional 139,205 shares in the last quarter. Seven Eight Capital LP raised its stake in shares of Gold Fields by 1,916.6% during the 4th quarter. Seven Eight Capital LP now owns 305,702 shares of the company’s stock worth $4,420,000 after buying an additional 290,543 shares during the last quarter. Finally, Sierra Summit Advisors LLC purchased a new stake in shares of Gold Fields in the 4th quarter worth about $313,000. 26.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GFI has been the subject of a number of research reports. JPMorgan Chase & Co. cut their target price on shares of Gold Fields from $17.50 to $16.70 and set a “neutral” rating for the company in a research report on Wednesday, July 3rd. StockNews.com raised Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 25th. BMO Capital Markets raised Gold Fields from an “underperform” rating to a “market perform” rating and raised their price target for the stock from $13.50 to $14.00 in a research report on Wednesday, June 26th. Scotiabank reduced their price objective on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research report on Monday, August 26th. Finally, Bank of America initiated coverage on Gold Fields in a research report on Monday, September 16th. They set a “buy” rating and a $16.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $15.93.

Gold Fields Price Performance

GFI stock opened at $15.35 on Tuesday. The stock has a market capitalization of $13.74 billion, a price-to-earnings ratio of 8.43, a price-to-earnings-growth ratio of 0.56 and a beta of 1.17. The stock’s fifty day simple moving average is $15.30 and its 200-day simple moving average is $15.76. Gold Fields Limited has a 52-week low of $10.31 and a 52-week high of $18.97. The company has a quick ratio of 0.70, a current ratio of 1.77 and a debt-to-equity ratio of 0.33.

Gold Fields Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 13th were issued a $0.1692 dividend. This represents a yield of 2.2%. The ex-dividend date of this dividend was Friday, September 13th. Gold Fields’s dividend payout ratio (DPR) is 14.84%.

About Gold Fields

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.