Franco-Nevada Co. (NYSE:FNV) Stake Raised by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. raised its holdings in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 64.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,282 shares of the basic materials company’s stock after acquiring an additional 5,219 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Franco-Nevada were worth $1,562,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Laurel Wealth Advisors LLC acquired a new position in shares of Franco-Nevada in the fourth quarter worth $47,000. Point72 DIFC Ltd purchased a new position in Franco-Nevada in the third quarter valued at about $52,000. Erste Asset Management GmbH acquired a new position in Franco-Nevada in the 3rd quarter worth about $55,000. Principal Securities Inc. raised its stake in shares of Franco-Nevada by 290.5% during the 4th quarter. Principal Securities Inc. now owns 863 shares of the basic materials company’s stock worth $101,000 after purchasing an additional 642 shares in the last quarter. Finally, Birch Capital Management LLC lifted its holdings in shares of Franco-Nevada by 37.9% during the 4th quarter. Birch Capital Management LLC now owns 1,085 shares of the basic materials company’s stock valued at $128,000 after buying an additional 298 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Franco-Nevada Stock Performance

Shares of NYSE:FNV opened at $138.51 on Monday. Franco-Nevada Co. has a 52-week low of $103.64 and a 52-week high of $144.27. The company has a market cap of $26.67 billion, a P/E ratio of -43.83, a P/E/G ratio of 9.78 and a beta of 0.74. The stock’s 50-day moving average is $128.96 and its 200-day moving average is $125.90.

Franco-Nevada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a $0.38 dividend. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Thursday, March 13th. Franco-Nevada’s payout ratio is currently -48.10%.

Analyst Ratings Changes

A number of research firms recently commented on FNV. Canaccord Genuity Group upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Scotiabank dropped their price target on shares of Franco-Nevada from $142.00 to $141.00 and set a “sector perform” rating on the stock in a research note on Friday, November 8th. UBS Group assumed coverage on shares of Franco-Nevada in a research note on Monday, November 18th. They issued a “buy” rating and a $160.00 price objective for the company. Royal Bank of Canada increased their target price on shares of Franco-Nevada from $145.00 to $155.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 11th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $155.00 price target on shares of Franco-Nevada in a research report on Tuesday, January 28th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $146.71.

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.