UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 21,749 Shares of Franco-Nevada Co. (NYSE:FNV)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 12.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 148,478 shares of the basic materials company's stock after selling 21,749 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.08% of Franco-Nevada worth $17,460,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Barclays PLC boosted its stake in Franco-Nevada by 29.4% in the 3rd quarter. Barclays PLC now owns 35,828 shares of the basic materials company's stock worth $4,450,000 after purchasing an additional 8,147 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Franco-Nevada by 1.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 14,286 shares of the basic materials company's stock worth $1,680,000 after purchasing an additional 241 shares in the last quarter. Mutual Advisors LLC boosted its stake in Franco-Nevada by 4.0% in the 4th quarter. Mutual Advisors LLC now owns 2,477 shares of the basic materials company's stock worth $309,000 after purchasing an additional 96 shares in the last quarter. Flagship Harbor Advisors LLC boosted its stake in Franco-Nevada by 4.7% in the 4th quarter. Flagship Harbor Advisors LLC now owns 2,715 shares of the basic materials company's stock worth $319,000 after purchasing an additional 122 shares in the last quarter. Finally, PFG Investments LLC boosted its stake in Franco-Nevada by 10.9% in the 4th quarter. PFG Investments LLC now owns 6,754 shares of the basic materials company's stock worth $794,000 after purchasing an additional 665 shares in the last quarter. Institutional investors own 77.06% of the company's stock.

Franco-Nevada Stock Performance

Shares of NYSE FNV traded up $0.73 during midday trading on Friday, hitting $169.02. 734,663 shares of the company's stock traded hands, compared to its average volume of 727,219. The firm has a fifty day moving average of $163.00 and a 200 day moving average of $142.24. The stock has a market capitalization of $32.55 billion, a price-to-earnings ratio of -53.49, a price-to-earnings-growth ratio of 9.78 and a beta of 0.45. Franco-Nevada Co. has a 1 year low of $112.70 and a 1 year high of $178.74.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its earnings results on Thursday, May 8th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.07. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The company had revenue of $368.40 million during the quarter, compared to analyst estimates of $328.79 million. During the same period in the prior year, the firm posted $0.76 EPS. The firm's quarterly revenue was up 43.5% compared to the same quarter last year. On average, equities analysts anticipate that Franco-Nevada Co. will post 3.09 earnings per share for the current year.

Franco-Nevada Dividend Announcement

The firm also recently declared 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 0.90%. Franco-Nevada's payout ratio is 47.50%.

Wall Street Analyst Weigh In

FNV has been the topic of a number of analyst reports. BMO Capital Markets reiterated an "outperform" rating on shares of Franco-Nevada in a research note on Wednesday. Scotiabank upped their target price on shares of Franco-Nevada from $165.00 to $169.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Royal Bank of Canada lifted their price target on shares of Franco-Nevada from $145.00 to $155.00 and gave the stock a "sector perform" rating in a research note on Tuesday, February 11th. UBS Group increased their price objective on shares of Franco-Nevada from $170.00 to $190.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Finally, TD Securities cut shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 target price on the stock. in a report on Tuesday, March 11th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $165.25.

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.