Franco-Nevada Co. (NYSE:FNV) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG lifted its position in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 10.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 808,601 shares of the basic materials company’s stock after purchasing an additional 74,120 shares during the quarter. Deutsche Bank AG owned approximately 0.42% of Franco-Nevada worth $95,083,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Covea Finance boosted its holdings in shares of Franco-Nevada by 2.7% in the fourth quarter. Covea Finance now owns 101,320 shares of the basic materials company’s stock valued at $11,895,000 after acquiring an additional 2,700 shares during the period. Charles Schwab Investment Management Inc. raised its position in Franco-Nevada by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 423,166 shares of the basic materials company’s stock valued at $49,702,000 after purchasing an additional 16,029 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Franco-Nevada by 5.0% during the 4th quarter. JPMorgan Chase & Co. now owns 962,671 shares of the basic materials company’s stock worth $113,200,000 after purchasing an additional 45,495 shares during the period. Steward Partners Investment Advisory LLC grew its position in Franco-Nevada by 113.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,109 shares of the basic materials company’s stock worth $601,000 after purchasing an additional 2,710 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Franco-Nevada in the fourth quarter valued at $12,280,000. 77.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on FNV shares. UBS Group increased their target price on shares of Franco-Nevada from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, April 11th. Scotiabank increased their price objective on Franco-Nevada from $150.00 to $165.00 and gave the stock a “sector perform” rating in a research report on Monday, April 14th. Royal Bank of Canada boosted their target price on Franco-Nevada from $145.00 to $155.00 and gave the company a “sector perform” rating in a report on Tuesday, February 11th. Raymond James increased their price target on Franco-Nevada from $162.00 to $181.00 and gave the stock an “outperform” rating in a report on Friday, April 4th. Finally, TD Securities cut shares of Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research note on Tuesday, March 11th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $162.25.

Franco-Nevada Stock Performance

Shares of NYSE FNV opened at $168.66 on Monday. Franco-Nevada Co. has a one year low of $112.70 and a one year high of $178.74. The firm has a market capitalization of $32.48 billion, a P/E ratio of -53.37, a PEG ratio of 9.78 and a beta of 0.45. The company’s fifty day moving average is $159.01 and its two-hundred day moving average is $138.87.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings data on Thursday, May 8th. The basic materials company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.07. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The firm had revenue of $368.40 million for the quarter, compared to the consensus estimate of $328.79 million. During the same quarter in the previous year, the firm earned $0.76 earnings per share. The firm’s revenue was up 43.5% on a year-over-year basis. On average, sell-side analysts forecast that Franco-Nevada Co. will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Thursday, June 12th. Franco-Nevada’s dividend payout ratio (DPR) is 47.50%.

About Franco-Nevada

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.