Schroder Investment Management Group Makes New Investment in Franco-Nevada Co. (NYSE:FNV)

Schroder Investment Management Group acquired a new position in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,046 shares of the basic materials company's stock, valued at approximately $473,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FNV. Cerity Partners LLC grew its holdings in Franco-Nevada by 28.4% during the third quarter. Cerity Partners LLC now owns 3,581 shares of the basic materials company's stock worth $445,000 after buying an additional 791 shares in the last quarter. Point72 DIFC Ltd bought a new stake in shares of Franco-Nevada in the 3rd quarter worth $52,000. Quantinno Capital Management LP raised its holdings in shares of Franco-Nevada by 6.5% in the third quarter. Quantinno Capital Management LP now owns 23,233 shares of the basic materials company's stock valued at $2,887,000 after purchasing an additional 1,409 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Franco-Nevada by 60.0% in the third quarter. Stifel Financial Corp now owns 40,012 shares of the basic materials company's stock valued at $4,972,000 after purchasing an additional 15,008 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its position in shares of Franco-Nevada by 8.7% during the third quarter. EP Wealth Advisors LLC now owns 2,183 shares of the basic materials company's stock valued at $271,000 after purchasing an additional 175 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

Remove Ads

Franco-Nevada Stock Up 5.5 %

Franco-Nevada stock traded up $8.65 during midday trading on Friday, reaching $166.13. The stock had a trading volume of 2,125,418 shares, compared to its average volume of 686,710. The firm has a market capitalization of $31.99 billion, a PE ratio of -52.57, a P/E/G ratio of 9.78 and a beta of 0.68. Franco-Nevada Co. has a 12 month low of $112.70 and a 12 month high of $167.36. The firm's 50-day moving average price is $147.54 and its 200 day moving average price is $132.73.

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

Franco-Nevada Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a $0.38 dividend. The ex-dividend date was Thursday, March 13th. 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 0.91%. Franco-Nevada's payout ratio is 53.15%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. HC Wainwright increased their price objective on shares of Franco-Nevada from $165.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, March 26th. Scotiabank increased their price target on Franco-Nevada from $145.00 to $150.00 and gave the company a "sector perform" rating in a research report on Tuesday, March 11th. UBS Group lifted their price target on Franco-Nevada from $170.00 to $190.00 and gave the stock a "buy" rating in a report on Friday. Royal Bank of Canada upped their price objective on Franco-Nevada from $145.00 to $155.00 and gave the company a "sector perform" rating in a research note on Tuesday, February 11th. Finally, 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 research note on Tuesday, March 11th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $160.38.

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.