Commonwealth Equity Services LLC Has $14.94 Million Holdings in Franco-Nevada Co. (NYSE:FNV)

Commonwealth Equity Services LLC trimmed its position in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 7.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 127,088 shares of the basic materials company’s stock after selling 9,559 shares during the period. Commonwealth Equity Services LLC’s holdings in Franco-Nevada were worth $14,944,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in FNV. Bennbridge Ltd bought a new position in Franco-Nevada during the fourth quarter valued at approximately $45,877,000. Avantax Advisory Services Inc. raised its holdings in shares of Franco-Nevada by 5.7% during the 4th quarter. Avantax Advisory Services Inc. now owns 11,411 shares of the basic materials company’s stock valued at $1,342,000 after purchasing an additional 614 shares in the last quarter. Moors & Cabot Inc. lifted its stake in shares of Franco-Nevada by 1.5% in the 4th quarter. Moors & Cabot Inc. now owns 46,065 shares of the basic materials company’s stock valued at $5,417,000 after purchasing an additional 674 shares during the last quarter. Inspire Advisors LLC boosted its holdings in Franco-Nevada by 6.6% in the fourth quarter. Inspire Advisors LLC now owns 4,014 shares of the basic materials company’s stock worth $472,000 after purchasing an additional 250 shares in the last quarter. Finally, Markel Group Inc. increased its position in Franco-Nevada by 39.9% during the fourth quarter. Markel Group Inc. now owns 483,250 shares of the basic materials company’s stock worth $56,825,000 after buying an additional 137,750 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Franco-Nevada Price Performance

NYSE:FNV opened at $154.26 on Tuesday. Franco-Nevada Co. has a one year low of $112.70 and a one year high of $157.64. The company has a fifty day moving average price of $137.34 and a 200 day moving average price of $128.39. The stock has a market cap of $29.70 billion, a P/E ratio of -48.82, a PEG ratio of 9.78 and a beta of 0.73.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its quarterly earnings data 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. The business had revenue of $321.00 million during the quarter, compared to analyst estimates of $304.33 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.90 earnings per share. As a group, equities research analysts anticipate that Franco-Nevada Co. will post 3.09 EPS for the current year.

Franco-Nevada Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.38 per share. 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 0.99%. The ex-dividend date is Thursday, March 13th. Franco-Nevada’s payout ratio is 53.15%.

Analyst Upgrades and Downgrades

FNV has been the subject of a number of analyst reports. Raymond James boosted their price target on Franco-Nevada from $160.00 to $162.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Royal Bank of Canada lifted their price target on shares of Franco-Nevada from $145.00 to $155.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 11th. UBS Group upped their price objective on shares of Franco-Nevada from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, March 11th. Finally, Canaccord Genuity Group upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.