FNY Investment Advisers LLC Acquires 61,029 Shares of Gold Fields Limited (NYSE:GFI)

FNY Investment Advisers LLC lifted its position in Gold Fields Limited (NYSE:GFI) by 411.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,857 shares of the company’s stock after acquiring an additional 61,029 shares during the quarter. Gold Fields makes up approximately 1.3% of FNY Investment Advisers LLC’s portfolio, making the stock its 19th largest position. FNY Investment Advisers LLC’s holdings in Gold Fields were worth $1,049,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC grew its stake in shares of Gold Fields by 7.5% in the 2nd quarter. SG Americas Securities LLC now owns 314,483 shares of the company’s stock worth $4,349,000 after acquiring an additional 22,068 shares in the last quarter. Putnam Investments LLC bought a new stake in shares of Gold Fields in the 1st quarter worth $287,000. Ameriprise Financial Inc. grew its stake in shares of Gold Fields by 5.9% in the 1st quarter. Ameriprise Financial Inc. now owns 16,770 shares of the company’s stock worth $223,000 after acquiring an additional 934 shares in the last quarter. New York State Common Retirement Fund bought a new stake in shares of Gold Fields in the 1st quarter worth $177,000. Finally, Thrivent Financial for Lutherans grew its stake in shares of Gold Fields by 41.3% in the 1st quarter. Thrivent Financial for Lutherans now owns 179,767 shares of the company’s stock worth $2,395,000 after acquiring an additional 52,582 shares in the last quarter. Institutional investors own 20.99% of the company’s stock.

Gold Fields Price Performance

NYSE GFI traded down $0.10 on Friday, reaching $12.30. 12,861,018 shares of the company’s stock traded hands, compared to its average volume of 5,227,272. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.12 and a quick ratio of 1.33. Gold Fields Limited has a 12 month low of $7.03 and a 12 month high of $17.78. The stock has a market cap of $10.99 billion, a PE ratio of 8.42, a P/E/G ratio of 1.58 and a beta of 0.95. The stock has a 50-day simple moving average of $13.43 and a 200 day simple moving average of $13.86.

Gold Fields Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, September 21st. Stockholders of record on Friday, September 8th will be issued a $0.1711 dividend. This represents a dividend yield of 4%. The ex-dividend date of this dividend is Thursday, September 7th. Gold Fields’s dividend payout ratio is 18.49%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Scotiabank reduced their target price on shares of Gold Fields from $18.00 to $16.00 and set a “sector perform” rating for the company in a research note on Friday, August 18th. StockNews.com upgraded shares of Gold Fields from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $13.75.

Gold Fields Company Profile

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, Australia, and Peru. The company also explores for copper deposits. It holds interests in nine operating mines, as well as gold mineral reserves and mineral resources. The company was founded in 1887 and is based in Sandton, South Africa.