Annex Advisory Services LLC Has $18.74 Million Stock Position in Franco-Nevada Co. (NYSE:FNV)

Annex Advisory Services LLC lifted its position in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 24.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 159,404 shares of the basic materials company’s stock after buying an additional 31,547 shares during the quarter. Annex Advisory Services LLC owned about 0.08% of Franco-Nevada worth $18,744,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in Franco-Nevada by 4.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 155,836 shares of the basic materials company’s stock valued at $18,472,000 after purchasing an additional 6,202 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Franco-Nevada by 11.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,326 shares of the basic materials company’s stock valued at $394,000 after buying an additional 348 shares during the last quarter. XTX Topco Ltd boosted its stake in shares of Franco-Nevada by 49.3% during the 2nd quarter. XTX Topco Ltd now owns 3,335 shares of the basic materials company’s stock worth $395,000 after acquiring an additional 1,101 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Franco-Nevada by 33.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 16,199 shares of the basic materials company’s stock worth $1,920,000 after acquiring an additional 4,036 shares during the period. Finally, Westwood Holdings Group Inc. bought a new stake in Franco-Nevada in the 2nd quarter valued at $8,372,000. 77.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on FNV. UBS Group started coverage on shares of Franco-Nevada in a research report on Monday, November 18th. They set a “buy” rating and a $160.00 price objective for the company. HC Wainwright lowered their price target on shares of Franco-Nevada from $200.00 to $155.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Bank of America downgraded Franco-Nevada from a “buy” rating to a “neutral” rating and decreased their target price for the company from $142.00 to $139.00 in a research report on Tuesday, October 1st. Jefferies Financial Group dropped their price target on Franco-Nevada from $137.00 to $136.00 and set a “hold” rating for the company in a report on Thursday, October 17th. Finally, Canaccord Genuity Group upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $145.33.

Franco-Nevada Stock Up 0.8 %

FNV opened at $125.81 on Monday. The company has a 50-day simple moving average of $120.87 and a 200 day simple moving average of $123.85. The stock has a market capitalization of $24.22 billion, a price-to-earnings ratio of -39.81, a P/E/G ratio of 6.90 and a beta of 0.72. Franco-Nevada Co. has a twelve month low of $103.64 and a twelve month high of $137.60.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its earnings results on Wednesday, November 6th. The basic materials company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.03). Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The business had revenue of $275.70 million for the quarter, compared to the consensus estimate of $279.11 million. During the same quarter in the previous year, the company earned $0.91 earnings per share. The firm’s revenue for the quarter was down 10.9% on a year-over-year basis. Sell-side analysts anticipate that Franco-Nevada Co. will post 3.2 EPS for the current fiscal year.

Franco-Nevada Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a $0.36 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.14%. Franco-Nevada’s dividend payout ratio (DPR) is currently -45.57%.

Franco-Nevada Company 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.