Bradley Foster & Sargent Inc. CT decreased its holdings in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 10.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,636 shares of the basic materials company's stock after selling 7,151 shares during the quarter. Bradley Foster & Sargent Inc. CT's holdings in Franco-Nevada were worth $7,365,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of FNV. Essex Financial Services Inc. lifted its position in Franco-Nevada by 2.2% during the 4th quarter. Essex Financial Services Inc. now owns 3,892 shares of the basic materials company's stock worth $458,000 after acquiring an additional 84 shares in the last quarter. Mutual Advisors LLC lifted its position in shares of Franco-Nevada by 4.0% during the fourth quarter. Mutual Advisors LLC now owns 2,477 shares of the basic materials company's stock worth $309,000 after purchasing an additional 96 shares in the last quarter. Sustainable Insight Capital Management LLC boosted its stake in shares of Franco-Nevada by 2.7% in the fourth quarter. Sustainable Insight Capital Management LLC now owns 3,755 shares of the basic materials company's stock valued at $441,000 after purchasing an additional 100 shares during the period. Huntington National Bank grew its holdings in Franco-Nevada by 7.4% during the 3rd quarter. Huntington National Bank now owns 1,486 shares of the basic materials company's stock valued at $185,000 after purchasing an additional 102 shares in the last quarter. Finally, Blossom Wealth Management increased its stake in Franco-Nevada by 3.9% during the 4th quarter. Blossom Wealth Management now owns 2,853 shares of the basic materials company's stock worth $335,000 after buying an additional 108 shares during the period. Institutional investors and hedge funds own 77.06% of the company's stock.
Franco-Nevada Trading Down 0.5 %
NYSE FNV traded down $0.73 during trading on Tuesday, hitting $138.97. 475,073 shares of the company traded hands, compared to its average volume of 632,311. Franco-Nevada Co. has a 12 month low of $103.64 and a 12 month high of $144.27. The business has a fifty day simple moving average of $129.37 and a 200 day simple moving average of $126.04. The company has a market capitalization of $26.76 billion, a P/E ratio of -43.98, a PEG ratio of 9.78 and a beta of 0.74.
Franco-Nevada Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a $0.38 dividend. This is a boost from Franco-Nevada's previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Thursday, March 13th. Franco-Nevada's dividend payout ratio (DPR) is -48.10%.
Wall Street Analyst Weigh In
FNV has been the subject of a number of analyst reports. UBS Group started coverage on shares of Franco-Nevada in a research report on Monday, November 18th. They issued a "buy" rating and a $160.00 price objective for the company. Canaccord Genuity Group raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Scotiabank reduced their price target on shares of Franco-Nevada from $142.00 to $141.00 and set a "sector perform" rating on the stock in a research report on Friday, November 8th. Canaccord Genuity Group upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. Finally, HC Wainwright reiterated a "buy" rating and issued a $155.00 target price on shares of Franco-Nevada in a research report on Tuesday, January 28th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $146.71.
Check Out Our Latest Stock Report on Franco-Nevada
About Franco-Nevada
(
Free Report)
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.
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