Susquehanna Portfolio Strategies LLC Sells 14,412 Shares of Franco-Nevada Co. (NYSE:FNV)

Susquehanna Portfolio Strategies LLC lowered its stake in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 15.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 81,584 shares of the basic materials company's stock after selling 14,412 shares during the period. Franco-Nevada makes up approximately 32.3% of Susquehanna Portfolio Strategies LLC's investment portfolio, making the stock its largest position. Susquehanna Portfolio Strategies LLC's holdings in Franco-Nevada were worth $9,593,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Essex Financial Services Inc. boosted its position in Franco-Nevada by 2.2% in the 4th quarter. Essex Financial Services Inc. now owns 3,892 shares of the basic materials company's stock valued at $458,000 after buying an additional 84 shares during the period. Harbour Investments Inc. boosted its position in Franco-Nevada by 25.8% in the 4th 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. Mutual Advisors LLC boosted its position in Franco-Nevada by 4.0% in the 4th quarter. Mutual Advisors LLC now owns 2,477 shares of the basic materials company's stock valued at $309,000 after buying an additional 96 shares during the period. Sustainable Insight Capital Management LLC boosted its position in Franco-Nevada by 2.7% in the 4th quarter. Sustainable Insight Capital Management LLC now owns 3,755 shares of the basic materials company's stock valued at $441,000 after buying an additional 100 shares during the period. Finally, Blossom Wealth Management boosted its position in Franco-Nevada by 3.9% in the 4th quarter. Blossom Wealth Management now owns 2,853 shares of the basic materials company's stock valued at $335,000 after buying an additional 108 shares during the period. Hedge funds and other institutional investors own 77.06% of the company's stock.

Franco-Nevada Stock Performance

NYSE FNV traded up $1.18 during trading on Wednesday, reaching $165.74. The company's stock had a trading volume of 642,125 shares, compared to its average volume of 725,742. The firm has a market cap of $31.91 billion, a price-to-earnings ratio of -52.45, a P/E/G ratio of 9.78 and a beta of 0.45. Franco-Nevada Co. has a twelve month low of $112.70 and a twelve month high of $178.74. The business's fifty day moving average price is $160.98 and its 200-day moving average price is $140.03.

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

Franco-Nevada Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.92%. Franco-Nevada's dividend payout ratio (DPR) is 47.50%.

Wall Street Analysts Forecast Growth

FNV has been the subject of several recent analyst reports. National Bankshares reaffirmed a "sector perform" rating on shares of Franco-Nevada in a research report on Wednesday, April 23rd. BMO Capital Markets initiated coverage on shares of Franco-Nevada in a research report on Wednesday, April 16th. They set an "outperform" rating for the company. Royal Bank of Canada lifted their price objective on shares of Franco-Nevada from $145.00 to $155.00 and gave the stock a "sector perform" rating in a research report on Tuesday, February 11th. UBS Group lifted their price objective on shares of Franco-Nevada from $170.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Finally, HC Wainwright lifted their price objective on shares of Franco-Nevada from $165.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, March 26th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company 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.