Vanguard Personalized Indexing Management LLC Raises Stock Holdings in Franco-Nevada Corporation $FNV

Vanguard Personalized Indexing Management LLC boosted its position in shares of Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 22.8% during the second quarter, Holdings Channel.com reports. The fund owned 6,640 shares of the basic materials company’s stock after acquiring an additional 1,235 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Franco-Nevada were worth $1,088,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also bought and sold shares of FNV. Bessemer Group Inc. grew its position in shares of Franco-Nevada by 1,583.3% during the first quarter. Bessemer Group Inc. now owns 13,130 shares of the basic materials company’s stock worth $2,067,000 after purchasing an additional 12,350 shares in the last quarter. St. James Investment Company LLC increased its stake in Franco-Nevada by 29.3% in the 1st quarter. St. James Investment Company LLC now owns 219,988 shares of the basic materials company’s stock worth $34,661,000 after acquiring an additional 49,907 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Franco-Nevada by 36.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 58,388 shares of the basic materials company’s stock valued at $9,200,000 after acquiring an additional 15,483 shares during the last quarter. FORA Capital LLC boosted its position in shares of Franco-Nevada by 169.8% during the 1st quarter. FORA Capital LLC now owns 5,342 shares of the basic materials company’s stock valued at $842,000 after acquiring an additional 3,362 shares during the last quarter. Finally, D.A. Davidson & CO. purchased a new position in shares of Franco-Nevada in the 1st quarter worth $265,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Franco-Nevada Price Performance

Shares of FNV stock opened at $203.81 on Friday. The stock’s fifty day moving average price is $199.22 and its 200 day moving average price is $176.45. Franco-Nevada Corporation has a 1-year low of $112.70 and a 1-year high of $225.63. The company has a market cap of $39.28 billion, a price-to-earnings ratio of 50.08, a price-to-earnings-growth ratio of 2.64 and a beta of 0.42.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings results on Monday, August 11th. The basic materials company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.14. The business had revenue of $369.40 million during the quarter, compared to the consensus estimate of $382.70 million. Franco-Nevada had a return on equity of 12.56% and a net margin of 58.82%.The company’s quarterly revenue was up 42.0% on a year-over-year basis. During the same quarter last year, the company earned $0.75 earnings per share. As a group, equities research analysts anticipate that Franco-Nevada Corporation will post 3.09 earnings per share for the current year.

Franco-Nevada Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were paid a $0.38 dividend. The ex-dividend date was Thursday, September 11th. This represents a $1.52 dividend on an annualized basis and a yield of 0.7%. Franco-Nevada’s dividend payout ratio (DPR) is 37.35%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on FNV shares. Wall Street Zen lowered Franco-Nevada from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. National Bankshares reaffirmed a “sector perform” rating on shares of Franco-Nevada in a research note on Tuesday, June 24th. HC Wainwright raised their price target on shares of Franco-Nevada from $195.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, August 12th. Raymond James Financial raised their price objective on Franco-Nevada from $218.00 to $234.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Finally, Bank of America boosted their price objective on shares of Franco-Nevada from $211.00 to $220.00 and gave the stock a “neutral” rating in a research note on Thursday. Six research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Franco-Nevada currently has a consensus rating of “Hold” and a consensus price target of $210.29.

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.