Principal Financial Group Inc. Has $573,000 Stock Holdings in Gold Fields Limited (NYSE:GFI)

Principal Financial Group Inc. trimmed its stake in Gold Fields Limited (NYSE:GFI) by 8.2% in the second quarter, Holdings Channel reports. The firm owned 38,432 shares of the company’s stock after selling 3,445 shares during the quarter. Principal Financial Group Inc.’s holdings in Gold Fields were worth $573,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Van ECK Associates Corp raised its holdings in shares of Gold Fields by 6.6% in the 1st quarter. Van ECK Associates Corp now owns 47,241,502 shares of the company’s stock valued at $750,667,000 after purchasing an additional 2,934,943 shares during the period. First Eagle Investment Management LLC acquired a new stake in shares of Gold Fields in the first quarter valued at approximately $85,326,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Gold Fields by 2.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,377,766 shares of the company’s stock worth $48,842,000 after acquiring an additional 70,646 shares during the period. Schroder Investment Management Group increased its holdings in shares of Gold Fields by 4.5% during the 4th quarter. Schroder Investment Management Group now owns 3,240,748 shares of the company’s stock worth $46,861,000 after acquiring an additional 139,205 shares during the last quarter. Finally, National Bank of Canada FI raised its stake in Gold Fields by 2.7% in the 1st quarter. National Bank of Canada FI now owns 1,656,644 shares of the company’s stock valued at $28,063,000 after acquiring an additional 43,571 shares during the period. Institutional investors and hedge funds own 26.02% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GFI. Scotiabank dropped their price objective on shares of 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. JPMorgan Chase & Co. lowered their price target on shares of Gold Fields from $17.50 to $16.70 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. BMO Capital Markets upgraded Gold Fields from an “underperform” rating to a “market perform” rating and boosted their price objective for the stock from $13.50 to $14.00 in a report on Wednesday, June 26th. Finally, StockNews.com upgraded Gold Fields from a “hold” rating to a “buy” rating in a research note on Friday, August 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $15.90.

Gold Fields Stock Up 1.4 %

Shares of GFI opened at $14.20 on Friday. 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 Limited has a 12 month low of $10.31 and a 12 month high of $18.97. The firm’s 50 day moving average is $15.50 and its 200-day moving average is $15.69.

Gold Fields Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 26th. Shareholders of record on Friday, September 13th will be issued a $0.1692 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a yield of 2.2%.

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.