First Trust Direct Indexing L.P. Trims Holdings in Gold Fields Limited (NYSE:GFI)

First Trust Direct Indexing L.P. lowered its position in Gold Fields Limited (NYSE:GFI) by 21.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC increased its stake in shares of Gold Fields by 136.9% in the fourth quarter. SG Americas Securities LLC now owns 221,921 shares of the company’s stock worth $3,209,000 after acquiring an additional 128,262 shares during the period. Wellington Management Group LLP acquired a new position in shares of Gold Fields in the 3rd quarter valued at about $2,046,000. Capricorn Fund Managers Ltd purchased a new stake in shares of Gold Fields in the fourth quarter worth about $3,897,000. Seven Eight Capital LP acquired a new stake in Gold Fields during the third quarter worth about $165,000. Finally, Headlands Technologies LLC raised its position in Gold Fields by 572.1% during the fourth quarter. Headlands Technologies LLC now owns 62,063 shares of the company’s stock valued at $897,000 after acquiring an additional 52,829 shares in the last quarter. Institutional investors and hedge funds own 26.02% of the company’s stock.

Analyst Ratings Changes

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

Gold Fields Stock Up 0.4 %

NYSE:GFI opened at $16.45 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.70 and a current ratio of 1.25. Gold Fields Limited has a fifty-two week low of $10.31 and a fifty-two week high of $18.97. The company has a fifty day moving average of $15.92 and a two-hundred day moving average of $14.61.

Gold Fields (NYSE:GFI) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.10. On average, equities research analysts forecast that Gold Fields Limited will post 1.53 earnings per share for the current fiscal year.

Gold Fields Increases Dividend

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

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.