Northern Trust Corp Has $18 Million Stock Position in Franco-Nevada Co. (NYSE:FNV)

Northern Trust Corp lifted its position in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 68.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 153,095 shares of the basic materials company's stock after purchasing an additional 61,998 shares during the quarter. Northern Trust Corp owned 0.08% of Franco-Nevada worth $18,002,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of FNV. Laurel Wealth Advisors LLC acquired a new position in shares of Franco-Nevada in the fourth quarter valued at $47,000. Physician Wealth Advisors Inc. acquired a new position in shares of Franco-Nevada in the fourth quarter valued at $49,000. Harbour Investments Inc. raised its stake in shares of Franco-Nevada by 25.8% in the fourth quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock valued at $53,000 after purchasing an additional 93 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Franco-Nevada by 538.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 607 shares of the basic materials company's stock valued at $71,000 after purchasing an additional 512 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Franco-Nevada in the fourth quarter valued at $73,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Franco-Nevada Stock Performance

Shares of NYSE FNV traded up $0.04 during trading on Friday, reaching $159.08. The company had a trading volume of 706,530 shares, compared to its average volume of 723,883. Franco-Nevada Co. has a 52 week low of $112.70 and a 52 week high of $178.74. The business's 50 day moving average price is $160.40 and its 200-day moving average price is $139.58. The stock has a market cap of $30.63 billion, a PE ratio of -50.34, a PEG ratio of 9.78 and a beta of 0.45.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last announced its earnings results on Thursday, May 8th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $328.79 million. During the same period in the prior year, the business earned $0.76 earnings per share. Franco-Nevada's quarterly revenue was up 43.5% on a year-over-year basis. Equities analysts anticipate that Franco-Nevada Co. will post 3.09 earnings per share for the current year.

Franco-Nevada Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, June 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.96%. Franco-Nevada's payout ratio is 47.50%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FNV. StockNews.com upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Monday, April 7th. Royal Bank of Canada increased their price objective on Franco-Nevada from $145.00 to $155.00 and gave the stock a "sector perform" rating in a research note on Tuesday, February 11th. TD Securities lowered Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price objective for the company. in a research note on Tuesday, March 11th. HC Wainwright increased their price objective on Franco-Nevada from $165.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, March 26th. Finally, Scotiabank increased their price objective on Franco-Nevada from $165.00 to $169.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $162.75.

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.