Hudson Value Partners LLC Raises Stock Position in Franco-Nevada Co. (NYSE:FNV)

Hudson Value Partners LLC lifted its stake in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 5.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 32,279 shares of the basic materials company’s stock after acquiring an additional 1,790 shares during the quarter. Franco-Nevada makes up about 1.4% of Hudson Value Partners LLC’s investment portfolio, making the stock its 26th biggest position. Hudson Value Partners LLC’s holdings in Franco-Nevada were worth $3,796,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Laurel Wealth Advisors LLC acquired a new position in shares of Franco-Nevada in the 4th quarter valued at $47,000. Point72 DIFC Ltd acquired a new position in shares of Franco-Nevada in the 3rd quarter valued at $52,000. Erste Asset Management GmbH acquired a new position in shares of Franco-Nevada in the 3rd quarter valued at $55,000. Principal Securities Inc. increased its holdings in shares of Franco-Nevada by 290.5% in the 4th quarter. Principal Securities Inc. now owns 863 shares of the basic materials company’s stock valued at $101,000 after acquiring an additional 642 shares during the period. Finally, Birch Capital Management LLC increased its holdings in shares of Franco-Nevada by 37.9% in the 4th quarter. Birch Capital Management LLC now owns 1,085 shares of the basic materials company’s stock valued at $128,000 after acquiring an additional 298 shares during the period. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Franco-Nevada Stock Performance

Shares of NYSE FNV opened at $140.69 on Wednesday. Franco-Nevada Co. has a one year low of $103.64 and a one year high of $144.27. The company’s fifty day moving average is $127.86 and its two-hundred day moving average is $125.47.

Franco-Nevada Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $0.38 dividend. The ex-dividend date is Thursday, March 13th. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a dividend yield of 1.08%. Franco-Nevada’s payout ratio is currently -45.57%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FNV. Royal Bank of Canada lifted their target price on shares of Franco-Nevada from $145.00 to $155.00 and gave the company a “sector perform” rating in a report on Tuesday, February 11th. Scotiabank dropped their price objective on shares of Franco-Nevada from $142.00 to $141.00 and set a “sector perform” rating on the stock in a research note on Friday, November 8th. HC Wainwright reissued a “buy” rating and issued a $155.00 price objective on shares of Franco-Nevada in a research note on Tuesday, January 28th. Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Finally, UBS Group began coverage on shares of Franco-Nevada in a research note on Monday, November 18th. They issued a “buy” rating and a $160.00 price objective on the stock. 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, Franco-Nevada presently has a consensus rating of “Moderate Buy” and a consensus target price 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.