Corient Private Wealth LLC Reduces Stock Holdings in Franco-Nevada Co. (NYSE:FNV)

Corient Private Wealth LLC lessened its position in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 1.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 221,840 shares of the basic materials company's stock after selling 3,742 shares during the period. Corient Private Wealth LLC owned about 0.12% of Franco-Nevada worth $26,086,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FNV. Natixis Advisors LLC increased its holdings in Franco-Nevada by 6.5% in the third quarter. Natixis Advisors LLC now owns 20,404 shares of the basic materials company's stock valued at $2,535,000 after buying an additional 1,237 shares during the last quarter. Swiss National Bank boosted its position in shares of Franco-Nevada by 0.8% during the 3rd quarter. Swiss National Bank now owns 581,560 shares of the basic materials company's stock worth $72,347,000 after acquiring an additional 4,900 shares in the last quarter. Drive Wealth Management LLC increased its holdings in shares of Franco-Nevada by 11.9% in the 3rd quarter. Drive Wealth Management LLC now owns 3,355 shares of the basic materials company's stock valued at $417,000 after acquiring an additional 356 shares during the last quarter. Beddow Capital Management Inc. raised its position in shares of Franco-Nevada by 1.4% during the 3rd quarter. Beddow Capital Management Inc. now owns 57,882 shares of the basic materials company's stock worth $7,192,000 after acquiring an additional 790 shares in the last quarter. Finally, America First Investment Advisors LLC lifted its stake in Franco-Nevada by 4.3% during the third quarter. America First Investment Advisors LLC now owns 161,765 shares of the basic materials company's stock worth $20,099,000 after purchasing an additional 6,717 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

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Franco-Nevada Stock Performance

NYSE:FNV traded up $0.32 during mid-day trading on Friday, reaching $155.85. The stock had a trading volume of 808,947 shares, compared to its average volume of 619,376. Franco-Nevada Co. has a twelve month low of $112.70 and a twelve month high of $156.82. The business has a 50 day simple moving average of $139.63 and a 200 day simple moving average of $129.21. The firm has a market capitalization of $30.01 billion, a price-to-earnings ratio of -49.32, a PEG ratio of 9.78 and a beta of 0.73.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted its quarterly earnings results on Monday, March 10th. The basic materials company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.90 by $0.05. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The business had revenue of $321.00 million during the quarter, compared to analysts' expectations of $304.33 million. During the same period last year, the firm earned $0.90 EPS. The company's quarterly revenue was up 5.8% compared to the same quarter last year. 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 business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Thursday, March 13th. This is an increase from Franco-Nevada's previous quarterly dividend of $0.36. Franco-Nevada's dividend payout ratio (DPR) is currently 53.15%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FNV. StockNews.com upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Wednesday. UBS Group upped their target price on Franco-Nevada from $165.00 to $170.00 and gave the company a "buy" rating in a research report on Tuesday, March 11th. HC Wainwright lifted their price target on Franco-Nevada from $155.00 to $165.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. TD Securities downgraded shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price target for the company. in a research report on Tuesday, March 11th. Finally, Raymond James raised their price objective 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. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.