Franco-Nevada Co. (NYSE:FNV) shares sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. reduced its position in Franco-Nevada Co. (NYSE:FNV – Get Rating) (TSE:FNV) by 19.9% ​​in the third quarter, the company said in its most recent filing with the Securities and Exchange Commission. The fund owned 90,247 shares of the materials company after selling 22,448 shares during the period. The holdings of Russell Investments Group Ltd. to Franco-Nevada was worth $10,829,000 at the end of the last reporting period.

→ Is this the end of capitalism? (By Porter & Company)

Other institutional investors have also recently bought and sold shares in the company. Castleview Partners LLC increased its stake in Franco-Nevada by 35,955.6% during the second quarter. Castleview Partners LLC now owns 3,245 shares of the $44,000 materials company after purchasing an additional 3,236 shares last quarter. Optiver Holding BV acquired a new position in Franco-Nevada stock valued at approximately $46,000 during the second quarter. Prospera Financial Services Inc increased its holding in Franco Nevada stocks by 35.7% during the second quarter. Prospera Financial Services Inc now owns 361 shares of the $47,000 materials company after buying an additional 95 shares last quarter. Penserra Capital Management LLC acquired a new position in Franco-Nevada stock valued at approximately $47,000 during the first quarter. Finally, during the third quarter, First Personal Financial Services acquired a new position in Franco-Nevada stock valued at approximately $49,000. 66.69% of the shares are currently owned by institutional investors and hedge funds.

Franco Nevada shares down 1.3%

NYSE FNV shares opened at $145.00 on Tuesday. The company has a market cap of $27.82 billion, a price-to-earnings ratio of 36.71, a PEG ratio of 10.16 and a beta of 0.65. Franco-Nevada Co. has a 52-week low of $109.70 and a 52-week high of $169.32. The company’s 50-day moving average is $141.91 and its two-hundred-day moving average is $131.06.

Franco-Nevada (NYSE:FNV – Get Rating) (TSE:FNV) last reported its earnings results on Monday, November 7th. The materials company reported earnings per share (EPS) of $0.83 for the quarter, beating analyst consensus estimates of $0.82 by $0.01. The company had revenue of $304.20 million for the quarter. Franco-Nevada had a return on equity of 11.27% and a net margin of 57.18%. Analysts expect Franco-Nevada Co. to post 3.65 EPS for the current fiscal year.

Franco-Nevada raises dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 30th. Shareholders of record on Thursday, March 16 will receive a dividend of $0.34. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Wednesday March 15th. That equates to an annual dividend of $1.36 and a yield of 0.94%. Franco-Nevada’s payout ratio currently stands at 32.41%.

Wall Street analysts forecast growth

FNV has been the subject of several recent research reports. Barclays raised its price target on Franco-Nevada to $115.00 from $111.00 and gave the stock an “underweight” rating in a report on Monday. National Bank Financial increased its price target on Franco-Nevada to $200.00 from $190.00 in a report on Friday, January 13. Stifel Nicolaus downgraded Franco-Nevada from a “buy” rating to a “hold” rating in a report on Friday, January 20th. Finally, on Wednesday, October 12, added coverage of Franco-Nevada to a report. They gave the stock a “hold” rating. One equities research analyst has assigned a sell rating to the stock, five have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Franco-Nevada has an average rating of hold and an average price target of $169.13.

Franco Nevada Company Profile

(get rating)

Franco-Nevada Corp. engages in the management of royalty and streams portfolios with a focus on gold. It offers investors gold price and exploration opportunities while limiting exposure to many operating company risks. The company was founded in 1983 and is headquartered in Toronto, Canada.

See also

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

This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send questions or comments about this story to [email protected]

Before you think about Franco-Nevada, you should hear this.

MarketBeat tracks Wall Street’s best-in-class, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are whispering to their clients to buy now, before the broader market takes hold… and Franco-Nevada was not on the list.

While Franco-Nevada is currently rated a Hold by analysts, top analysts believe these five stocks are better buys.

Check out the five stocks here

Ten Starter Stocks for Beginners to Buy Now Cover