Franco-Nevada Corporation $FNV Shares Sold by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services LLC reduced its stake in Franco-Nevada Corporation by 10.3%, holding 28,662 shares worth approximately $4.52 million after selling 3,279 shares in the first quarter.
• Franco-Nevada Corporation reported $1.24 earnings per share for the latest quarter, surpassing expectations of $1.10, with a revenue of $369.4 million against the expected $382.7 million.
• Several analysts have upgraded Franco-Nevada's stock rating, with a consensus rating of "Moderate Buy" and an average price target of $178.88.

Kestra Advisory Services LLC lowered its position in Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 10.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,662 shares of the basic materials company's stock after selling 3,279 shares during the quarter. Kestra Advisory Services LLC's holdings in Franco-Nevada were worth $4,516,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FNV. Dimensional Fund Advisors LP raised its holdings in Franco-Nevada by 18.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 244,478 shares of the basic materials company's stock worth $28,746,000 after purchasing an additional 38,585 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Franco-Nevada by 538.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 607 shares of the basic materials company's stock valued at $71,000 after acquiring an additional 512 shares during the period. Capital Analysts LLC increased its holdings in shares of Franco-Nevada by 45.6% in the 4th quarter. Capital Analysts LLC now owns 990 shares of the basic materials company's stock valued at $116,000 after acquiring an additional 310 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in shares of Franco-Nevada in the 4th quarter valued at $1,777,000. Finally, Northern Trust Corp increased its holdings in shares of Franco-Nevada by 68.1% in the 4th quarter. Northern Trust Corp now owns 153,095 shares of the basic materials company's stock valued at $18,002,000 after acquiring an additional 61,998 shares during the period. Institutional investors and hedge funds own 77.06% of the company's stock.

Franco-Nevada Price Performance

Shares of NYSE FNV traded up $4.21 during trading on Friday, hitting $188.67. 507,316 shares of the company were exchanged, compared to its average volume of 673,419. The company has a market cap of $36.36 billion, a price-to-earnings ratio of 46.36, a PEG ratio of 2.51 and a beta of 0.36. Franco-Nevada Corporation has a 1 year low of $112.70 and a 1 year high of $189.00. The firm's fifty day moving average price is $167.86 and its 200 day moving average price is $161.95.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last issued 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. Franco-Nevada had a net margin of 58.82% and a return on equity of 12.56%. The company had revenue of $369.40 million for the quarter, compared to analyst estimates of $382.70 million. During the same period in the previous year, the firm earned $0.75 EPS. The business's revenue was up 42.0% on a year-over-year basis. On average, research analysts forecast that Franco-Nevada Corporation will post 3.09 earnings per share for the current year.

Franco-Nevada Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $1.52 annualized dividend and a yield of 0.8%. Franco-Nevada's payout ratio is presently 37.35%.

Analyst Ratings Changes

FNV has been the topic of a number of analyst reports. Scotiabank lifted their price objective on shares of Franco-Nevada from $182.00 to $184.00 and gave the company a "sector perform" rating in a research report on Tuesday, August 12th. Zacks Research lowered shares of Franco-Nevada from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 20th. National Bankshares reiterated a "sector perform" rating on shares of Franco-Nevada in a research report on Tuesday, June 24th. CIBC reiterated an "outperform" rating on shares of Franco-Nevada in a research report on Tuesday, July 15th. Finally, UBS Group lifted their price objective on shares of Franco-Nevada from $205.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Franco-Nevada currently 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.