Massachusetts Financial Services Co. MA Sells 1,693,679 Shares of Gold Fields Limited (NYSE:GFI)

Massachusetts Financial Services Co. MA cut its stake in shares of Gold Fields Limited (NYSE:GFI) by 27.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,462,156 shares of the company’s stock after selling 1,693,679 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.50% of Gold Fields worth $58,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Groupama Asset Managment lifted its holdings in shares of Gold Fields by 34.3% during the 4th quarter. Groupama Asset Managment now owns 26,458 shares of the company’s stock worth $348,000 after acquiring an additional 6,759 shares during the last quarter. OLD Mission Capital LLC bought a new stake in Gold Fields during the fourth quarter worth about $751,000. B. Metzler seel. Sohn & Co. AG boosted its holdings in shares of Gold Fields by 43.0% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 19,497 shares of the company’s stock worth $257,000 after purchasing an additional 5,861 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its position in shares of Gold Fields by 3.4% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 48,365 shares of the company’s stock valued at $638,000 after purchasing an additional 1,583 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new position in shares of Gold Fields during the 4th quarter valued at about $2,886,000. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Gold Fields Stock Performance

Shares of Gold Fields stock opened at $19.95 on Friday. The company’s 50 day moving average price is $19.57 and its 200-day moving average price is $16.70. Gold Fields Limited has a 52-week low of $12.98 and a 52-week high of $23.02. The stock has a market capitalization of $17.86 billion, a price-to-earnings ratio of 8.49, a P/E/G ratio of 0.30 and a beta of 0.92.

Gold Fields Increases Dividend

The company also recently disclosed 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 is a boost from Gold Fields’s previous semi-annual dividend of $0.17. The ex-dividend date of this dividend was Friday, March 14th. This represents a dividend yield of 1.6%. Gold Fields’s payout ratio is presently 25.96%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Scotiabank upped their target price on Gold Fields from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 25th. StockNews.com raised shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 30th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a research note on Wednesday, January 15th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.20.

Gold Fields Company 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.