AngloGold Ashanti plc (NYSE:AU) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. reduced its stake in AngloGold Ashanti plc (NYSE:AU) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 314,420 shares of the mining company’s stock after selling 4,174 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.08% of AngloGold Ashanti worth $6,057,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. acquired a new position in AngloGold Ashanti in the third quarter valued at approximately $40,000. Gradient Investments LLC boosted its position in shares of AngloGold Ashanti by 187.9% during the third quarter. Gradient Investments LLC now owns 3,677 shares of the mining company’s stock worth $58,000 after buying an additional 2,400 shares during the period. Blue Trust Inc. boosted its position in shares of AngloGold Ashanti by 132.0% during the fourth quarter. Blue Trust Inc. now owns 4,023 shares of the mining company’s stock worth $75,000 after buying an additional 2,289 shares during the period. Headlands Technologies LLC boosted its position in shares of AngloGold Ashanti by 75.0% during the third quarter. Headlands Technologies LLC now owns 6,342 shares of the mining company’s stock worth $100,000 after buying an additional 2,717 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of AngloGold Ashanti by 6.3% during the third quarter. O Shaughnessy Asset Management LLC now owns 10,784 shares of the mining company’s stock worth $170,000 after buying an additional 643 shares during the period. 36.09% of the stock is currently owned by institutional investors and hedge funds.

AngloGold Ashanti Stock Up 0.4 %

NYSE AU opened at $22.11 on Wednesday. AngloGold Ashanti plc has a 1 year low of $14.91 and a 1 year high of $30.26. The business’s fifty day moving average is $21.27 and its two-hundred day moving average is $19.13.

AngloGold Ashanti Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.19 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a dividend yield of 1.1%. This is a boost from AngloGold Ashanti’s previous semi-annual dividend of $0.03.

Analyst Ratings Changes

Several brokerages have recently issued reports on AU. StockNews.com upgraded AngloGold Ashanti from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. HSBC cut AngloGold Ashanti from a “hold” rating to a “reduce” rating in a report on Friday, April 19th. Finally, JPMorgan Chase & Co. boosted their target price on AngloGold Ashanti from $23.00 to $31.00 and gave the stock an “overweight” rating in a report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $24.25.

AngloGold Ashanti Company Profile

AngloGold Ashanti plc operates as a gold mining company in Africa, the Americas, and Australia. The company primarily explores for gold, as well as produces silver and sulphuric acid as by-products. Its flagship property is a 100% owned Geita project located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania.