Susquehanna Portfolio Strategies LLC Decreases Stock Holdings in Franco-Nevada Co. (NYSE:FNV)

Susquehanna Portfolio Strategies LLC lowered its holdings in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 15.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,584 shares of the basic materials company's stock after selling 14,412 shares during the period. Franco-Nevada comprises about 32.3% of Susquehanna Portfolio Strategies LLC's portfolio, making the stock its largest holding. Susquehanna Portfolio Strategies LLC's holdings in Franco-Nevada were worth $9,593,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FNV. Point72 Asset Management L.P. grew its stake in Franco-Nevada by 114.2% in the fourth quarter. Point72 Asset Management L.P. now owns 49,806 shares of the basic materials company's stock valued at $5,857,000 after purchasing an additional 26,557 shares in the last quarter. Quadcap Wealth Management LLC boosted its holdings in shares of Franco-Nevada by 4.0% in the 4th 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. Quantinno Capital Management LP grew its stake in shares of Franco-Nevada by 1.1% in the fourth quarter. Quantinno Capital Management LP now owns 23,483 shares of the basic materials company's stock valued at $2,761,000 after buying an additional 250 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Franco-Nevada by 21.5% during the fourth quarter. Janus Henderson Group PLC now owns 24,835 shares of the basic materials company's stock worth $2,918,000 after buying an additional 4,400 shares during the last quarter. Finally, GeoSphere Capital Management LLC bought a new stake in Franco-Nevada during the fourth quarter worth $2,352,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Franco-Nevada Trading Up 2.4%

NYSE FNV traded up $4.00 during trading on Friday, reaching $168.03. The company's stock had a trading volume of 228,015 shares, compared to its average volume of 724,054. The firm has a 50 day moving average price of $161.42 and a 200 day moving average price of $140.43. Franco-Nevada Co. has a 12 month low of $112.70 and a 12 month high of $178.74. The firm has a market capitalization of $32.36 billion, a price-to-earnings ratio of -53.14, a price-to-earnings-growth ratio of 9.78 and a beta of 0.45.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last issued its quarterly earnings results on Thursday, May 8th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.07. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The business had revenue of $368.40 million during the quarter, compared to analysts' expectations of $328.79 million. During the same period in the previous year, the company posted $0.76 earnings per share. The firm's revenue for the quarter was up 43.5% compared to the same quarter last year. On average, equities analysts forecast that Franco-Nevada Co. will post 3.09 EPS for the current fiscal year.

Franco-Nevada Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, June 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.90%. Franco-Nevada's payout ratio is 47.50%.

Wall Street Analyst Weigh In

FNV has been the subject of a number of analyst reports. TD Securities downgraded shares of 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. National Bankshares reiterated a "sector perform" rating on shares of Franco-Nevada in a report on Wednesday, April 23rd. Raymond James boosted their price target on Franco-Nevada from $162.00 to $181.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Wall Street Zen raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a report on Monday, April 7th. Finally, BMO Capital Markets initiated coverage on shares of Franco-Nevada in a report on Wednesday, April 16th. They issued an "outperform" rating on the stock. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $162.75.

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.