Bessemer Group Inc. Has $2.07 Million Stock Holdings in Franco-Nevada Corporation (NYSE:FNV)

Bessemer Group Inc. raised its position in shares of Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 1,583.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 13,130 shares of the basic materials company's stock after purchasing an additional 12,350 shares during the quarter. Bessemer Group Inc.'s holdings in Franco-Nevada were worth $2,067,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in FNV. Confluence Investment Management LLC raised its holdings in Franco-Nevada by 1.5% during the 1st quarter. Confluence Investment Management LLC now owns 5,874 shares of the basic materials company's stock valued at $926,000 after acquiring an additional 84 shares during the period. Harbour Investments Inc. increased its stake in shares of Franco-Nevada by 25.8% during the fourth quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock valued at $53,000 after buying an additional 93 shares during the period. CoreCommodity Management LLC grew its holdings in shares of Franco-Nevada by 2.9% during the 4th quarter. CoreCommodity Management LLC now owns 3,869 shares of the basic materials company's stock worth $455,000 after acquiring an additional 108 shares during the period. Quadcap Wealth Management LLC raised its stake in Franco-Nevada by 4.0% during the fourth quarter. Quadcap Wealth Management LLC now owns 3,184 shares of the basic materials company's stock valued at $374,000 after buying an additional 121 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of Franco-Nevada by 25.6% in the 4th quarter. Jones Financial Companies Lllp now owns 619 shares of the basic materials company's stock worth $73,000 after purchasing an additional 126 shares in the last quarter. Institutional investors own 77.06% of the company's stock.

Franco-Nevada Trading Up 0.6%

FNV traded up $1.03 during trading on Wednesday, hitting $164.29. The stock had a trading volume of 450,085 shares, compared to its average volume of 744,273. Franco-Nevada Corporation has a 12 month low of $112.70 and a 12 month high of $179.99. The company has a 50 day simple moving average of $167.07 and a 200-day simple moving average of $149.60. The firm has a market cap of $31.65 billion, a PE ratio of 51.34, a P/E/G ratio of 2.28 and a beta of 0.41.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last announced its quarterly earnings data on Thursday, May 8th. The basic materials company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.07. The company had revenue of $368.40 million for the quarter, compared to analyst estimates of $328.79 million. Franco-Nevada had a return on equity of 11.40% and a net margin of 50.39%. Franco-Nevada's revenue for the quarter was up 43.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 EPS. As a group, sell-side analysts anticipate that Franco-Nevada Corporation will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Thursday, June 12th. Franco-Nevada's payout ratio is presently 47.50%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, April 7th. Scotiabank upped their price target on shares of Franco-Nevada from $165.00 to $169.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Franco-Nevada in a research note on Wednesday, May 28th. HC Wainwright reaffirmed a "buy" rating and set a $195.00 target price (up from $180.00) on shares of Franco-Nevada in a research note on Wednesday, May 28th. Finally, National Bankshares reissued a "sector perform" rating on shares of Franco-Nevada in a research report on Tuesday, June 24th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $169.63.

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.