Corient Private Wealth LLC Raises Stock Holdings in Franco-Nevada Co. (NYSE:FNV)

Corient Private Wealth LLC boosted its stake in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 3,329.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 316,189 shares of the basic materials company's stock after purchasing an additional 306,970 shares during the period. Corient Private Wealth LLC owned about 0.16% of Franco-Nevada worth $35,037,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Private Advisor Group LLC grew its position in Franco-Nevada by 10.6% during the third quarter. Private Advisor Group LLC now owns 21,867 shares of the basic materials company's stock valued at $2,919,000 after buying an additional 2,099 shares during the period. Signaturefd LLC increased its stake in shares of Franco-Nevada by 10.9% in the 3rd quarter. Signaturefd LLC now owns 4,249 shares of the basic materials company's stock worth $567,000 after purchasing an additional 418 shares in the last quarter. Syon Capital LLC bought a new position in Franco-Nevada in the 3rd quarter worth $270,000. NBC Securities Inc. purchased a new position in Franco-Nevada during the third quarter valued at $285,000. Finally, Victory Capital Management Inc. grew its holdings in Franco-Nevada by 8.3% during the third quarter. Victory Capital Management Inc. now owns 2,681,215 shares of the basic materials company's stock valued at $357,915,000 after purchasing an additional 206,125 shares during the period. Hedge funds and other institutional investors own 77.06% of the company's stock.

Analyst Upgrades and Downgrades

FNV has been the subject of several analyst reports. Jefferies Financial Group increased their target price on shares of Franco-Nevada from $117.00 to $129.00 and gave the stock a "hold" rating in a report on Monday, April 22nd. Bank of America lowered their target price on shares of Franco-Nevada from $138.00 to $136.00 and set a "buy" rating on the stock in a research note on Monday, March 18th. TheStreet lowered Franco-Nevada from a "c+" rating to a "d+" rating in a research note on Tuesday, March 5th. Scotiabank boosted their price objective on Franco-Nevada from $140.00 to $141.00 and gave the company a "sector perform" rating in a research report on Thursday. Finally, Raymond James upped their price objective on Franco-Nevada from $138.00 to $141.00 and gave the stock an "outperform" rating in a research note on Thursday, April 11th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $148.70.

Franco-Nevada Price Performance

Shares of Franco-Nevada stock traded down $3.26 during trading hours on Thursday, reaching $121.25. The company's stock had a trading volume of 679,053 shares, compared to its average volume of 705,116. Franco-Nevada Co. has a one year low of $102.29 and a one year high of $151.63. The firm has a 50 day moving average price of $121.22 and a 200-day moving average price of $114.65. The stock has a market cap of $23.32 billion, a P/E ratio of -48.69, a P/E/G ratio of 29.12 and a beta of 0.71.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.08. Franco-Nevada had a positive return on equity of 10.81% and a negative net margin of 39.88%. The company had revenue of $256.80 million for the quarter, compared to analyst estimates of $250.50 million. During the same quarter in the prior year, the firm posted $0.79 EPS. Franco-Nevada's quarterly revenue was down 7.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Franco-Nevada Co. will post 3.17 EPS for the current fiscal year.

Franco-Nevada Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.19%. Franco-Nevada's dividend payout ratio is -57.43%.

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.