Jones Financial Companies Lllp Grows Holdings in Franco-Nevada Co. (NYSE:FNV)

Jones Financial Companies Lllp raised its stake in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 25.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 619 shares of the basic materials company’s stock after acquiring an additional 126 shares during the period. Jones Financial Companies Lllp’s holdings in Franco-Nevada were worth $73,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in FNV. Laurel Wealth Advisors LLC purchased a new position in shares of Franco-Nevada in the fourth quarter valued at $47,000. Point72 DIFC Ltd bought a new stake in Franco-Nevada in the third quarter worth $52,000. Erste Asset Management GmbH bought a new stake in shares of Franco-Nevada during the third quarter worth $55,000. Principal Securities Inc. lifted its position in shares of Franco-Nevada by 290.5% during the fourth quarter. Principal Securities Inc. now owns 863 shares of the basic materials company’s stock worth $101,000 after purchasing an additional 642 shares during the last quarter. Finally, Birch Capital Management LLC lifted its position in shares of Franco-Nevada by 37.9% during the fourth quarter. Birch Capital Management LLC now owns 1,085 shares of the basic materials company’s stock worth $128,000 after purchasing an additional 298 shares during 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 opened at $154.26 on Tuesday. The company has a market cap of $29.70 billion, a price-to-earnings ratio of -48.82, a PEG ratio of 9.78 and a beta of 0.73. The stock has a 50 day simple moving average of $137.34 and a 200-day simple moving average of $128.39. Franco-Nevada Co. has a 1-year low of $112.70 and a 1-year high of $155.97.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings results on Monday, March 10th. The basic materials company reported $0.95 EPS for the quarter, topping 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 firm had revenue of $321.00 million during the quarter, compared to analysts’ expectations of $304.33 million. During the same period in the previous year, the business earned $0.90 earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. Analysts anticipate that Franco-Nevada Co. will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 0.99%. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Thursday, March 13th. Franco-Nevada’s payout ratio is presently 53.15%.

Analyst Upgrades and Downgrades

FNV has been the topic of several research reports. Canaccord Genuity Group upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Scotiabank boosted their price target on Franco-Nevada from $145.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 11th. StockNews.com upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. TD Securities downgraded Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a report on Tuesday, March 11th. Finally, UBS Group lifted their target price on Franco-Nevada from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, March 11th. Five research 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 stock has a consensus rating of “Moderate Buy” and an average price target 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.