United Services Automobile Association Cuts Stake in Gold Fields Limited (GFI)

United Services Automobile Association reduced its position in Gold Fields Limited (NYSE:GFI) by 3.1% in the second quarter, HoldingsChannel reports. The firm owned 3,174,000 shares of the company’s stock after selling 100,000 shares during the quarter. United Services Automobile Association’s holdings in Gold Fields were worth $11,331,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Northern Trust Corp boosted its holdings in shares of Gold Fields by 9.5% in the 2nd quarter. Northern Trust Corp now owns 497,700 shares of the company’s stock worth $1,776,000 after purchasing an additional 43,357 shares in the last quarter. Schroder Investment Management Group boosted its holdings in shares of Gold Fields by 15.4% in the 2nd quarter. Schroder Investment Management Group now owns 1,322,505 shares of the company’s stock worth $4,669,000 after purchasing an additional 176,305 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Gold Fields by 446.2% in the 2nd quarter. Jane Street Group LLC now owns 1,257,181 shares of the company’s stock worth $4,488,000 after purchasing an additional 1,027,015 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Gold Fields by 1,026.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 82,245 shares of the company’s stock worth $293,000 after purchasing an additional 74,945 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Gold Fields by 7.5% in the 2nd quarter. Bank of America Corp DE now owns 749,454 shares of the company’s stock worth $2,675,000 after purchasing an additional 51,997 shares in the last quarter. Hedge funds and other institutional investors own 34.73% of the company’s stock.

Shares of GFI stock opened at $2.48 on Monday. The stock has a market cap of $1.99 billion, a P/E ratio of 10.33 and a beta of -1.28. Gold Fields Limited has a 1-year low of $2.20 and a 1-year high of $4.54.

The firm also recently disclosed a semiannual dividend, which was paid on Thursday, September 20th. Shareholders of record on Friday, September 7th were issued a $0.0141 dividend. This represents a yield of 1.11%. The ex-dividend date of this dividend was Thursday, September 6th. Gold Fields’s dividend payout ratio (DPR) is currently 8.33%.

A number of research firms have recently issued reports on GFI. ValuEngine upgraded Gold Fields from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. Zacks Investment Research upgraded Gold Fields from a “sell” rating to a “hold” rating in a report on Monday, October 1st. Royal Bank of Canada upgraded Gold Fields from a “sector perform” rating to an “outperform” rating in a report on Tuesday, September 18th. HSBC upgraded Gold Fields from a “hold” rating to a “buy” rating in a report on Friday, August 17th. Finally, Scotiabank set a $4.00 target price on Gold Fields and gave the company a “hold” rating in a report on Tuesday, August 14th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $5.02.

About Gold Fields

Gold Fields Limited produces gold and holds gold reserves and resources in South Africa, Ghana, Australia, and Peru. The company engages in underground and surface gold and surface copper mining and related activities, including exploration, extraction, processing, and smelting. It holds interests in seven operating mines with an annual gold-equivalent production of approximately 2.2 million ounces, as well as gold mineral reserves of approximately 49 million ounces and mineral resources of approximately 104 million ounces.

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Institutional Ownership by Quarter for Gold Fields (NYSE:GFI)

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