5,450 Shares in Franco-Nevada Co. (NYSE:FNV) Acquired by Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new position in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,450 shares of the basic materials company's stock, valued at approximately $641,000. Franco-Nevada accounts for about 0.9% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s investment portfolio, making the stock its 13th largest holding.

Several other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its holdings in Franco-Nevada by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 407,137 shares of the basic materials company's stock valued at $50,623,000 after buying an additional 19,589 shares during the period. Citigroup Inc. increased its position in shares of Franco-Nevada by 33.1% during the third quarter. Citigroup Inc. now owns 36,710 shares of the basic materials company's stock valued at $4,565,000 after acquiring an additional 9,119 shares during the last quarter. Cerity Partners LLC raised its stake in shares of Franco-Nevada by 28.4% in the 3rd quarter. Cerity Partners LLC now owns 3,581 shares of the basic materials company's stock valued at $445,000 after acquiring an additional 791 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Franco-Nevada in the 3rd quarter worth approximately $717,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Franco-Nevada by 8.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 89,489 shares of the basic materials company's stock worth $11,127,000 after purchasing an additional 6,676 shares during the period. Hedge funds and other institutional investors own 77.06% of the company's stock.

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Analyst Upgrades and Downgrades

FNV has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their target price on Franco-Nevada from $145.00 to $155.00 and gave the company a "sector perform" rating in a research report on Tuesday, February 11th. UBS Group boosted their price objective on Franco-Nevada from $165.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. Scotiabank raised their price target on Franco-Nevada from $145.00 to $150.00 and gave the company a "sector perform" rating in a research note on Tuesday, March 11th. HC Wainwright raised their price objective on shares of Franco-Nevada from $165.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, March 26th. Finally, Raymond James boosted their target price on Franco-Nevada from $160.00 to $162.00 and gave the company an "outperform" rating in a report on Tuesday, March 11th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $155.50.

Franco-Nevada Stock Performance

NYSE:FNV traded down $0.96 during mid-day trading on Wednesday, reaching $156.67. The stock had a trading volume of 197,697 shares, compared to its average volume of 657,106. The firm has a market capitalization of $30.17 billion, a price-to-earnings ratio of -49.58, a PEG ratio of 9.78 and a beta of 0.73. The business has a 50 day simple moving average of $143.77 and a 200 day simple moving average of $131.06. Franco-Nevada Co. has a twelve month low of $112.70 and a twelve month high of $159.38.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last announced its earnings results on Monday, March 10th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.05. The company had revenue of $321.00 million during the quarter, compared to analysts' expectations of $304.33 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The firm's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.90 earnings per share. As a group, sell-side analysts expect that Franco-Nevada Co. will post 3.09 earnings per share for the current year.

Franco-Nevada Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, March 13th. This is an increase from Franco-Nevada's previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.97%. Franco-Nevada's payout ratio is 53.15%.

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.