Franco-Nevada Corporation $FNV Stock Holdings Lifted by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company increased its holdings in Franco-Nevada Corporation by 1.7% to nearly $313 million, owning about 1.03% of the company, according to the latest SEC filing.
• Franco-Nevada reported an earnings per share of $1.24 for the last quarter, exceeding analysts' expectations, and had a revenue increase of 42% compared to the previous year.
• The company has announced a quarterly dividend of $0.38, with an ex-dividend date of September 11, and an annualized yield of 0.8%.

The Manufacturers Life Insurance Company raised its holdings in Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 1.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,980,772 shares of the basic materials company's stock after acquiring an additional 33,044 shares during the period. The Manufacturers Life Insurance Company owned 1.03% of Franco-Nevada worth $313,071,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its holdings in shares of Franco-Nevada by 1.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 12,207,413 shares of the basic materials company's stock worth $1,923,400,000 after buying an additional 207,232 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Franco-Nevada by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 7,845,339 shares of the basic materials company's stock worth $1,233,891,000 after buying an additional 45,924 shares during the last quarter. EdgePoint Investment Group Inc. increased its holdings in shares of Franco-Nevada by 49.9% during the 4th quarter. EdgePoint Investment Group Inc. now owns 4,959,851 shares of the basic materials company's stock worth $582,100,000 after buying an additional 1,650,358 shares during the last quarter. TD Asset Management Inc increased its holdings in shares of Franco-Nevada by 6.8% during the 1st quarter. TD Asset Management Inc now owns 1,926,670 shares of the basic materials company's stock worth $302,979,000 after buying an additional 122,071 shares during the last quarter. Finally, Mackenzie Financial Corp increased its holdings in shares of Franco-Nevada by 16.0% during the 1st quarter. Mackenzie Financial Corp now owns 1,756,344 shares of the basic materials company's stock worth $276,224,000 after buying an additional 242,196 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Franco-Nevada Trading Up 0.1%

NYSE:FNV traded up $0.28 on Wednesday, reaching $190.68. The stock had a trading volume of 392,241 shares, compared to its average volume of 819,354. The company has a 50-day moving average of $168.79 and a 200 day moving average of $162.62. The stock has a market cap of $36.74 billion, a P/E ratio of 46.86, a price-to-earnings-growth ratio of 2.51 and a beta of 0.41. Franco-Nevada Corporation has a 12-month low of $112.70 and a 12-month high of $192.04.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted its quarterly earnings data on Monday, August 11th. The basic materials company reported $1.24 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.14. The company had revenue of $369.40 million during the quarter, compared to analysts' expectations 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 prior year, the company posted $0.75 EPS. On average, equities analysts predict that Franco-Nevada Corporation will post 3.09 EPS for the current year.

Franco-Nevada Dividend Announcement

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

Analyst Ratings Changes

FNV has been the subject of a number of research analyst reports. Zacks Research downgraded Franco-Nevada from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 20th. Wall Street Zen upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a report on Sunday, August 24th. Scotiabank upped their price objective on Franco-Nevada from $182.00 to $184.00 and gave the stock a "sector perform" rating in a report on Tuesday, August 12th. CIBC restated an "outperform" rating on shares of Franco-Nevada in a report on Tuesday, July 15th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Franco-Nevada in a research report on Wednesday, May 28th. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $178.88.

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.