Jump Financial LLC Takes Position in Franco-Nevada Corporation $FNV

Key Points

• Jump Financial LLC invested $274,000 in Franco-Nevada Corporation, acquiring 1,739 shares of the company during the first quarter.
• Franco-Nevada Corporation reported earnings of $1.24 per share for the last quarter, exceeding estimates by $0.14, while revenue increased by 42.0% year-over-year.
• The company announced a quarterly dividend payout of $0.38 to be distributed on September 25th, representing an annualized dividend yield of 0.8%.

Jump Financial LLC acquired a new stake in shares of Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV during the first quarter, according to its most recent filing with the SEC. The fund acquired 1,739 shares of the basic materials company's stock, valued at approximately $274,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its position in shares of Franco-Nevada by 27.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,880 shares of the basic materials company's stock valued at $296,000 after acquiring an additional 400 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Franco-Nevada by 101.1% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 672,148 shares of the basic materials company's stock valued at $105,731,000 after purchasing an additional 337,926 shares in the last quarter. Groupe la Francaise lifted its position in Franco-Nevada by 16.3% in the 1st quarter. Groupe la Francaise now owns 78,500 shares of the basic materials company's stock valued at $12,269,000 after purchasing an additional 11,000 shares during the last quarter. Sprott Inc. increased its position in shares of Franco-Nevada by 0.8% in the first quarter. Sprott Inc. now owns 235,998 shares of the basic materials company's stock worth $37,180,000 after acquiring an additional 1,862 shares in the last quarter. Finally, Compound Planning Inc. bought a new stake in Franco-Nevada in the 1st quarter valued at $225,000. Institutional investors own 77.06% of the company's stock.

Franco-Nevada Stock Up 2.0%

Shares of FNV traded up $3.85 during mid-day trading on Monday, hitting $197.64. 442,428 shares of the company's stock were exchanged, compared to its average volume of 816,999. The firm has a market cap of $38.09 billion, a price-to-earnings ratio of 48.51, a price-to-earnings-growth ratio of 2.59 and a beta of 0.41. The stock's 50-day simple moving average is $170.49 and its 200-day simple moving average is $163.85. Franco-Nevada Corporation has a 52 week low of $112.70 and a 52 week high of $197.55.

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

Franco-Nevada Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be issued a $0.38 dividend. The ex-dividend date 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 is presently 37.35%.

Wall Street Analysts Forecast Growth

FNV has been the topic of several research reports. UBS Group upped their price objective on shares of Franco-Nevada from $205.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. Wall Street Zen cut Franco-Nevada from a "buy" rating to a "hold" rating in a research report on Friday. CIBC reissued an "outperform" rating on shares of Franco-Nevada in a research report on Tuesday, July 15th. Royal Bank Of Canada raised their target price on Franco-Nevada from $160.00 to $190.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. Finally, TD Securities boosted their target price on Franco-Nevada from $182.00 to $184.00 and gave the company a "hold" rating in a report on Tuesday, August 12th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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.