American Century Companies Inc. Has $37.60 Million Stock Position in Franco-Nevada Corporation $FNV

Key Points

• American Century Companies Inc. has reduced its stake in Franco-Nevada Corporation by 2.4%, now owning approximately 0.12% of the company valued at $37.6 million.
• Franco-Nevada's recent earnings report showed an EPS of $1.24, exceeding expectations, with a net margin of 58.82% and a year-over-year revenue increase of 42%.
• The company announced a quarterly dividend of $0.38 per share, contributing to an annualized dividend yield of 0.9%, with a payout ratio of 37.35%.

American Century Companies Inc. cut its holdings in Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 2.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 238,686 shares of the basic materials company's stock after selling 5,912 shares during the quarter. American Century Companies Inc. owned about 0.12% of Franco-Nevada worth $37,604,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bessemer Group Inc. lifted its holdings in shares of Franco-Nevada by 1,583.3% during the first quarter. Bessemer Group Inc. now owns 13,130 shares of the basic materials company's stock valued at $2,067,000 after purchasing an additional 12,350 shares during the last quarter. St. James Investment Company LLC lifted its holdings in shares of Franco-Nevada by 29.3% during the first quarter. St. James Investment Company LLC now owns 219,988 shares of the basic materials company's stock valued at $34,661,000 after purchasing an additional 49,907 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Franco-Nevada by 36.1% during the first quarter. Envestnet Asset Management Inc. now owns 58,388 shares of the basic materials company's stock valued at $9,200,000 after purchasing an additional 15,483 shares during the last quarter. D.A. Davidson & CO. purchased a new stake in shares of Franco-Nevada during the first quarter valued at $265,000. Finally, Fullcircle Wealth LLC lifted its holdings in shares of Franco-Nevada by 25.7% during the first quarter. Fullcircle Wealth LLC now owns 8,964 shares of the basic materials company's stock valued at $1,531,000 after purchasing an additional 1,835 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Franco-Nevada Stock Up 1.7%

Shares of FNV traded up $3.0610 during midday trading on Friday, reaching $184.9210. 808,681 shares of the stock were exchanged, compared to its average volume of 694,147. Franco-Nevada Corporation has a 12-month low of $112.70 and a 12-month high of $186.12. The firm has a 50 day simple moving average of $166.18 and a 200-day simple moving average of $160.45. The company has a market cap of $35.63 billion, a price-to-earnings ratio of 45.44, a P/E/G ratio of 2.46 and a beta of 0.36.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted its quarterly earnings results on Monday, August 11th. The basic materials company reported $1.24 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.14. Franco-Nevada had a return on equity of 12.56% and a net margin of 58.82%.The company had revenue of $369.40 million during the quarter, compared to the consensus estimate of $382.70 million. During the same period last year, the business earned $0.75 EPS. The business's quarterly revenue was up 42.0% on a year-over-year basis. Research analysts expect that Franco-Nevada Corporation will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.8%. Franco-Nevada's dividend payout ratio (DPR) is 37.35%.

Analyst Ratings Changes

Several brokerages have recently commented on FNV. Scotiabank upped their target price on Franco-Nevada from $182.00 to $184.00 and gave the company a "sector perform" rating in a report on Tuesday, August 12th. Raymond James Financial increased their price objective on Franco-Nevada from $186.00 to $188.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Royal Bank Of Canada increased their price objective on Franco-Nevada from $160.00 to $190.00 and gave the stock a "sector perform" rating in a research note on Wednesday, June 4th. Zacks Research downgraded Franco-Nevada from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. Finally, National Bankshares reissued a "sector perform" rating on shares of Franco-Nevada in a research note on Tuesday, June 24th. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Franco-Nevada presently has a consensus rating of "Moderate Buy" and a consensus price target of $178.88.

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.