Marathon Asset Management Ltd Has $42.35 Million Stock Position in Franco-Nevada Co. (NYSE:FNV)

Marathon Asset Management Ltd trimmed its position in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 360,558 shares of the basic materials company's stock after selling 11,357 shares during the quarter. Marathon Asset Management Ltd owned approximately 0.19% of Franco-Nevada worth $42,350,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in shares of Franco-Nevada during the third quarter valued at $1,256,000. Assenagon Asset Management S.A. grew its stake in Franco-Nevada by 5.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 7,325 shares of the basic materials company's stock valued at $911,000 after acquiring an additional 369 shares in the last quarter. First Trust Direct Indexing L.P. acquired a new position in shares of Franco-Nevada in the 3rd quarter valued at about $201,000. US Bancorp DE increased its holdings in shares of Franco-Nevada by 1.2% in the 3rd quarter. US Bancorp DE now owns 21,924 shares of the basic materials company's stock valued at $2,724,000 after purchasing an additional 264 shares during the period. Finally, M&G PLC lifted its position in shares of Franco-Nevada by 3.2% in the third quarter. M&G PLC now owns 1,679,858 shares of the basic materials company's stock worth $208,645,000 after purchasing an additional 51,996 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Franco-Nevada Price Performance

Shares of FNV stock traded down $1.54 during trading on Monday, reaching $141.40. The company had a trading volume of 775,668 shares, compared to its average volume of 622,033. The firm's 50 day simple moving average is $131.33 and its two-hundred day simple moving average is $126.58. Franco-Nevada Co. has a one year low of $107.05 and a one year high of $145.44. The company has a market capitalization of $27.23 billion, a PE ratio of -44.75, a PEG ratio of 9.78 and a beta of 0.74.

Franco-Nevada Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a $0.38 dividend. This is a positive change from Franco-Nevada's previous quarterly dividend of $0.36. The ex-dividend date is Thursday, March 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.07%. Franco-Nevada's dividend payout ratio (DPR) is currently -48.10%.

Analyst Ratings Changes

FNV has been the topic of several research reports. Royal Bank of Canada upped their price objective on shares of Franco-Nevada from $145.00 to $155.00 and gave the company a "sector perform" rating in a research note on Tuesday, February 11th. Scotiabank cut their price objective on Franco-Nevada from $142.00 to $141.00 and set a "sector perform" rating for the company in a report on Friday, November 8th. HC Wainwright restated a "buy" rating and issued a $155.00 target price on shares of Franco-Nevada in a research note on Tuesday, January 28th. UBS Group began coverage on Franco-Nevada in a research note on Monday, November 18th. They set a "buy" rating and a $160.00 price target for the company. Finally, Canaccord Genuity Group raised Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. 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.com, Franco-Nevada presently has an average rating of "Moderate Buy" and an average price target of $146.71.

Franco-Nevada Company 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.