TD Waterhouse Canada Inc. Has $30.43 Million Stock Holdings in Franco-Nevada Co. (NYSE:FNV)

TD Waterhouse Canada Inc. lessened its holdings in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 3.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 262,273 shares of the basic materials company's stock after selling 10,387 shares during the period. TD Waterhouse Canada Inc. owned approximately 0.14% of Franco-Nevada worth $30,430,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Covea Finance raised its stake in Franco-Nevada by 2.7% during the fourth quarter. Covea Finance now owns 101,320 shares of the basic materials company's stock worth $11,895,000 after acquiring an additional 2,700 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Franco-Nevada by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 423,166 shares of the basic materials company's stock worth $49,702,000 after purchasing an additional 16,029 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Franco-Nevada by 5.0% during the 4th quarter. JPMorgan Chase & Co. now owns 962,671 shares of the basic materials company's stock worth $113,200,000 after purchasing an additional 45,495 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Franco-Nevada by 113.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,109 shares of the basic materials company's stock valued at $601,000 after purchasing an additional 2,710 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Franco-Nevada in the fourth quarter valued at about $12,280,000. Institutional investors own 77.06% of the company's stock.

Franco-Nevada Price Performance

Shares of NYSE FNV traded up $1.23 during mid-day trading on Thursday, hitting $171.36. The company's stock had a trading volume of 686,239 shares, compared to its average volume of 705,952. Franco-Nevada Co. has a one year low of $112.70 and a one year high of $178.74. The company's fifty day simple moving average is $152.88 and its 200-day simple moving average is $135.61. The stock has a market cap of $33.00 billion, a price-to-earnings ratio of -54.23, a price-to-earnings-growth ratio of 9.78 and a beta of 0.68.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last announced its quarterly earnings data on Monday, March 10th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.05. The firm had revenue of $321.00 million for 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 business's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the firm earned $0.90 earnings per share. On average, sell-side analysts predict that Franco-Nevada Co. will post 3.09 EPS for the current year.

Franco-Nevada Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 0.89%. 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. Franco-Nevada's dividend payout ratio is currently 53.15%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FNV. Scotiabank lifted their target price on shares of Franco-Nevada from $150.00 to $165.00 and gave the company a "sector perform" rating in a research note on Monday, April 14th. TD Securities downgraded Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price objective for the company. in a research report on Tuesday, March 11th. UBS Group boosted their price objective on Franco-Nevada from $170.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. National Bankshares restated a "sector perform" rating on shares of Franco-Nevada in a research note on Wednesday, April 2nd. Finally, HC Wainwright upped their price target on shares of Franco-Nevada from $165.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, March 26th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $162.25.

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.