Advisor Group Holdings Inc. Sells 1,575 Shares of Franco-Nevada Co. (NYSE:FNV)

Advisor Group Holdings Inc. cut its holdings in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 5.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,022 shares of the basic materials company’s stock after selling 1,575 shares during the period. Advisor Group Holdings Inc.’s holdings in Franco-Nevada were worth $3,251,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. BerganKDV Wealth Management LLC increased its position in Franco-Nevada by 20,000.0% in the 2nd quarter. BerganKDV Wealth Management LLC now owns 201 shares of the basic materials company’s stock valued at $29,000 after buying an additional 200 shares in the last quarter. Archer Investment Corp bought a new stake in Franco-Nevada in the 3rd quarter valued at about $45,000. Evermay Wealth Management LLC bought a new stake in Franco-Nevada in the 2nd quarter valued at about $66,000. NEXT Financial Group Inc bought a new stake in Franco-Nevada in the 3rd quarter valued at about $90,000. Finally, St. Johns Investment Management Company LLC increased its position in Franco-Nevada by 12.6% in the 3rd quarter. St. Johns Investment Management Company LLC now owns 927 shares of the basic materials company’s stock valued at $120,000 after buying an additional 104 shares in the last quarter. 67.55% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE FNV opened at $130.04 on Friday. Franco-Nevada Co. has a twelve month low of $105.62 and a twelve month high of $163.79. The stock’s 50 day moving average price is $136.57 and its 200-day moving average price is $141.68. The company has a market capitalization of $24.88 billion, a PE ratio of 36.02, a PEG ratio of 9.61 and a beta of 0.66.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings results on Wednesday, November 3rd. The basic materials company reported $0.87 EPS for the quarter, hitting analysts’ consensus estimates of $0.87. The company had revenue of $316.30 million for the quarter, compared to analysts’ expectations of $323.39 million. Franco-Nevada had a net margin of 54.00% and a return on equity of 11.86%. During the same quarter in the previous year, the firm posted $0.80 EPS. Research analysts expect that Franco-Nevada Co. will post 3.36 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 23rd. Investors of record on Thursday, December 9th were issued a $0.242 dividend. The ex-dividend date was Wednesday, December 8th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 0.74%. Franco-Nevada’s dividend payout ratio (DPR) is presently 33.24%.

A number of research firms have issued reports on FNV. HC Wainwright began coverage on Franco-Nevada in a research note on Monday, December 20th. They set a “buy” rating and a $167.00 price target for the company. Zacks Investment Research upgraded Franco-Nevada from a “hold” rating to a “buy” rating and set a $143.00 price target for the company in a research note on Tuesday, January 4th. KeyCorp cut their price target on Franco-Nevada from $156.00 to $150.00 and set an “overweight” rating for the company in a research note on Monday, December 20th. Raymond James set a $164.00 price target on Franco-Nevada and gave the company an “outperform” rating in a research note on Thursday, November 4th. Finally, National Bank Financial cut their price target on Franco-Nevada from C$205.00 to C$195.00 in a research note on Friday, January 7th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $175.21.

Franco-Nevada Company Profile

Franco-Nevada Corp. engages in the management of gold-focused royalties and streams portfolio. It provides investors with gold price and exploration optionality while limiting exposure to many of the risks of operating companies. The company was founded on October 17, 2007 and is headquartered in Toronto, Canada.

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Institutional Ownership by Quarter for Franco-Nevada (NYSE:FNV)

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