Gold Fields Limited (NYSE:GFI) Shares Acquired by Kestra Private Wealth Services LLC

Posted by Defense World Staff on Apr 20th, 2023

Kestra Private Wealth Services LLC lifted its stake in shares of Gold Fields Limited (NYSE:GFI – Get Rating) by 29.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,924 shares of the company’s stock after purchasing an additional 6,857 shares during the period. Kestra Private Wealth Services LLC’s holdings in Gold Fields were worth $310,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Captrust Financial Advisors boosted its holdings in shares of Gold Fields by 100.8% during the 2nd quarter. Captrust Financial Advisors now owns 2,741 shares of the company’s stock worth $25,000 after purchasing an additional 1,376 shares during the last quarter. Twin Lakes Capital Management LLC acquired a new position in shares of Gold Fields during the 3rd quarter worth approximately $35,000. Chiron Investment Management LLC acquired a new position in shares of Gold Fields during the 1st quarter worth approximately $68,000. Financial Advocates Investment Management acquired a new position in shares of Gold Fields during the 3rd quarter worth approximately $339,000. Finally, Penserra Capital Management LLC acquired a new position in Gold Fields in the third quarter valued at approximately $39,000. 28.41% of the stock is currently owned by institutional investors and hedge funds.

Gold Fields Stock Down 1.3 %

NYSE:GFI opened at $15.13 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.33 and a current ratio of 2.29. The stock’s fifty day moving average is $11.74 and its two-hundred day moving average is $10.82. Gold Fields Limited has a 52 week low of $7.03 and a 52 week high of $15.88.

Gold Fields Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, March 30th. Stockholders of record on Friday, March 17th were given a dividend of $0.2425 per share. The ex-dividend date of this dividend was Thursday, March 16th. This represents a dividend yield of 3%. This is a positive change from Gold Fields’s previous semi-annual dividend of $0.17.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GFI. HSBC cut Gold Fields from a “buy” rating to a “hold” rating in a report on Monday, January 30th. Investec cut Gold Fields from a “buy” rating to a “hold” rating in a report on Monday. Finally, StockNews.com began coverage on Gold Fields in a report on Thursday, March 16th. They issued a “buy” rating on the stock.

Gold Fields Profile

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Gold Fields Ltd. is a gold mining company, which engages in the production of gold and operation of mines. Its operating mines are located in Australia, Ghana, Peru, and South Africa. The company was founded on May 03, 1968 and is headquartered in Johannesburg, South Africa.