Franco-Nevada Co. (NYSE:FNV) Stock Holdings Trimmed by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC decreased its holdings in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 127,088 shares of the basic materials company’s stock after selling 9,559 shares during the quarter. Commonwealth Equity Services LLC owned 0.07% of Franco-Nevada worth $14,944,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of FNV. Covea Finance grew its position in Franco-Nevada by 2.7% in the 4th quarter. Covea Finance now owns 101,320 shares of the basic materials company’s stock valued at $11,895,000 after buying an additional 2,700 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Franco-Nevada by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 423,166 shares of the basic materials company’s stock worth $49,702,000 after acquiring an additional 16,029 shares during the period. Horizon Kinetics Asset Management LLC boosted its holdings in shares of Franco-Nevada by 1.9% in the third quarter. Horizon Kinetics Asset Management LLC now owns 935,834 shares of the basic materials company’s stock valued at $116,277,000 after acquiring an additional 17,232 shares in the last quarter. Telemark Asset Management LLC increased its stake in shares of Franco-Nevada by 66.7% during the third quarter. Telemark Asset Management LLC now owns 50,000 shares of the basic materials company’s stock valued at $6,212,000 after acquiring an additional 20,000 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Franco-Nevada in the third quarter worth approximately $717,000. 77.06% of the stock is owned by institutional investors and hedge funds.

Franco-Nevada Stock Up 0.6 %

Shares of Franco-Nevada stock opened at $154.26 on Tuesday. Franco-Nevada Co. has a 12 month low of $112.70 and a 12 month high of $157.64. The stock has a market cap of $29.70 billion, a PE ratio of -48.82, a price-to-earnings-growth ratio of 9.78 and a beta of 0.73. The business has a fifty day simple moving average of $137.34 and a 200-day simple moving average of $128.39.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its quarterly earnings data on Monday, March 10th. The basic materials company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. The firm had revenue of $321.00 million during the quarter, compared to analyst estimates of $304.33 million. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company posted $0.90 EPS. Analysts expect that Franco-Nevada Co. will post 3.09 EPS for the current fiscal year.

Franco-Nevada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Thursday, March 13th. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.36. Franco-Nevada’s dividend payout ratio is currently 53.15%.

Wall Street Analyst Weigh In

FNV has been the topic of several research reports. Raymond James boosted their price target on shares of Franco-Nevada from $160.00 to $162.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. HC Wainwright upped their price target on Franco-Nevada from $155.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, March 11th. UBS Group increased their price objective on Franco-Nevada from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, March 11th. TD Securities cut Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a report on Tuesday, March 11th. Finally, StockNews.com raised Franco-Nevada from a “hold” rating to a “buy” rating in a report on Friday, March 7th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Franco-Nevada has an average rating of “Moderate Buy” and an average target price of $153.63.

Franco-Nevada Profile

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.