3,177 Shares in Franco-Nevada Corporation (NYSE:FNV) Bought by Sowell Financial Services LLC

Sowell Financial Services LLC bought a new position in shares of Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,177 shares of the basic materials company's stock, valued at approximately $501,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Principal Securities Inc. boosted its stake in Franco-Nevada by 290.5% during the fourth quarter. Principal Securities Inc. now owns 863 shares of the basic materials company's stock valued at $101,000 after buying an additional 642 shares during the last quarter. Allworth Financial LP boosted its position in shares of Franco-Nevada by 643.3% during the 4th quarter. Allworth Financial LP now owns 3,895 shares of the basic materials company's stock valued at $506,000 after acquiring an additional 3,371 shares during the last quarter. Atria Wealth Solutions Inc. grew its holdings in shares of Franco-Nevada by 64.7% in the fourth quarter. Atria Wealth Solutions Inc. now owns 13,282 shares of the basic materials company's stock valued at $1,562,000 after purchasing an additional 5,219 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Franco-Nevada by 29.2% in the fourth quarter. IFP Advisors Inc now owns 5,783 shares of the basic materials company's stock valued at $681,000 after purchasing an additional 1,307 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Franco-Nevada by 3.9% in the fourth quarter. Bank of New York Mellon Corp now owns 171,005 shares of the basic materials company's stock worth $20,109,000 after purchasing an additional 6,355 shares during the last quarter. Institutional investors own 77.06% of the company's stock.

Franco-Nevada Trading Up 1.0%

Shares of NYSE FNV traded up $1.68 during mid-day trading on Monday, reaching $167.48. The company had a trading volume of 689,796 shares, compared to its average volume of 740,360. The stock has a market cap of $32.27 billion, a price-to-earnings ratio of 52.34, a price-to-earnings-growth ratio of 2.30 and a beta of 0.42. Franco-Nevada Corporation has a 52 week low of $112.70 and a 52 week high of $179.99. The business's 50-day moving average is $168.05 and its 200-day moving average is $148.05.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its quarterly earnings data 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 net margin of 50.39% and a return on equity of 11.40%. The company 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 earned $0.76 EPS. The firm's quarterly revenue was up 43.5% on a year-over-year basis. As a group, equities research analysts forecast that Franco-Nevada Corporation will post 3.09 earnings per share for the current year.

Franco-Nevada Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th will be paid a $0.38 dividend. The ex-dividend date is Thursday, June 12th. This represents a $1.52 annualized dividend and a yield of 0.91%. Franco-Nevada's dividend payout ratio (DPR) is 47.50%.

Analyst Ratings Changes

Several equities analysts have commented on FNV shares. HC Wainwright reiterated a "buy" rating and set a $195.00 price objective (up previously from $180.00) on shares of Franco-Nevada in a research report on Wednesday, May 28th. Scotiabank lifted their price target on Franco-Nevada from $165.00 to $169.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Raymond James Financial set a $186.00 price objective on Franco-Nevada and gave the stock an "outperform" rating in a research note on Wednesday, May 28th. National Bankshares reaffirmed a "sector perform" rating on shares of Franco-Nevada in a research note on Wednesday, April 23rd. Finally, TD Securities downgraded Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 target price on the stock. in a research report on Tuesday, March 11th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Franco-Nevada currently has a consensus rating of "Moderate Buy" and an average price target of $169.63.

Franco-Nevada 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.