Franco-Nevada Co. (NYSE:FNV) Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC lessened its stake in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,894 shares of the basic materials company’s stock after selling 111 shares during the period. Bleakley Financial Group LLC’s holdings in Franco-Nevada were worth $210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Franco-Nevada by 3.3% during the first quarter. BlackRock Inc. now owns 386,741 shares of the basic materials company’s stock worth $61,693,000 after buying an additional 12,446 shares during the period. Raymond James Trust N.A. boosted its stake in shares of Franco-Nevada by 10.2% during the first quarter. Raymond James Trust N.A. now owns 1,995 shares of the basic materials company’s stock worth $318,000 after buying an additional 184 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Franco-Nevada by 23.1% during the first quarter. Dimensional Fund Advisors LP now owns 69,166 shares of the basic materials company’s stock worth $11,035,000 after buying an additional 12,993 shares during the period. Aviva PLC boosted its stake in shares of Franco-Nevada by 5.8% during the first quarter. Aviva PLC now owns 62,996 shares of the basic materials company’s stock worth $10,040,000 after buying an additional 3,438 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Franco-Nevada by 2.3% during the first quarter. Vanguard Group Inc. now owns 6,358,267 shares of the basic materials company’s stock worth $1,014,271,000 after buying an additional 141,139 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Franco-Nevada Trading Up 0.6 %

Shares of Franco-Nevada stock opened at $117.08 on Wednesday. Franco-Nevada Co. has a 12-month low of $102.29 and a 12-month high of $161.25. The stock has a market cap of $22.50 billion, a PE ratio of -48.18, a price-to-earnings-growth ratio of 6.49 and a beta of 0.71. The company has a 50-day moving average of $113.35 and a two-hundred day moving average of $116.17.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its earnings results on Tuesday, March 5th. The basic materials company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.10. Franco-Nevada had a negative net margin of 38.26% and a positive return on equity of 10.61%. The company had revenue of $303.30 million during the quarter. On average, sell-side analysts forecast that Franco-Nevada Co. will post 2.75 EPS for the current fiscal year.

Franco-Nevada Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.23%. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Wednesday, March 13th. Franco-Nevada’s dividend payout ratio (DPR) is -55.97%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FNV. TheStreet downgraded shares of Franco-Nevada from a “c+” rating to a “d+” rating in a research note on Tuesday, March 5th. Scotiabank decreased their target price on shares of Franco-Nevada from $141.00 to $139.00 and set a “sector perform” rating for the company in a research note on Thursday, March 7th. Bank of America cut their price target on shares of Franco-Nevada from $138.00 to $136.00 and set a “buy” rating for the company in a report on Monday, March 18th. Raymond James increased their price target on shares of Franco-Nevada from $138.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Finally, Jefferies Financial Group initiated coverage on shares of Franco-Nevada in a report on Thursday, February 29th. They set a “hold” rating and a $117.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $147.30.

Franco-Nevada Company 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.