Creative Financial Designs Inc. ADV Buys New Holdings in Franco-Nevada Co. (NYSE:FNV)

Creative Financial Designs Inc. ADV bought a new stake in Franco-Nevada Co. (NYSE:FNVFree Report) (TSE:FNV) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 305 shares of the basic materials company’s stock, valued at approximately $34,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FNV. Mercer Global Advisors Inc. ADV boosted its stake in Franco-Nevada by 3.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 2,234 shares of the basic materials company’s stock valued at $319,000 after purchasing an additional 73 shares during the last quarter. IHT Wealth Management LLC boosted its stake in Franco-Nevada by 4.6% during the 4th quarter. IHT Wealth Management LLC now owns 1,782 shares of the basic materials company’s stock valued at $329,000 after purchasing an additional 78 shares during the last quarter. Fortune Financial Advisors LLC boosted its stake in Franco-Nevada by 1.8% during the 3rd quarter. Fortune Financial Advisors LLC now owns 4,483 shares of the basic materials company’s stock valued at $598,000 after purchasing an additional 81 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Franco-Nevada by 1.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 5,236 shares of the basic materials company’s stock valued at $626,000 after purchasing an additional 85 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in Franco-Nevada by 0.6% during the 4th quarter. Alliancebernstein L.P. now owns 16,463 shares of the basic materials company’s stock valued at $2,247,000 after purchasing an additional 94 shares during the last quarter. 66.70% of the stock is owned by institutional investors.

Franco-Nevada Trading Down 1.9 %

NYSE:FNV opened at $114.38 on Friday. The stock has a market capitalization of $21.98 billion, a PE ratio of -47.07, a price-to-earnings-growth ratio of 6.58 and a beta of 0.70. The firm’s 50 day moving average is $109.69 and its 200 day moving average is $118.78. Franco-Nevada Co. has a 12 month low of $102.29 and a 12 month high of $161.25.

Franco-Nevada Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 14th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Wednesday, March 13th. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.34. Franco-Nevada’s payout ratio is -55.97%.

Analysts Set New Price Targets

A number of research firms have issued reports on FNV. TheStreet downgraded Franco-Nevada from a “c+” rating to a “d+” rating in a research note on Tuesday, March 5th. Scotiabank cut their target price on Franco-Nevada from $141.00 to $139.00 and set a “sector perform” rating on the stock in a research note on Thursday, March 7th. Bank of America cut their target price on Franco-Nevada from $138.00 to $136.00 and set a “buy” rating on the stock in a research note on Monday, March 18th. TD Securities cut their target price on Franco-Nevada from $135.00 to $125.00 and set a “hold” rating on the stock in a research note on Thursday, November 30th. Finally, Jefferies Financial Group began coverage on Franco-Nevada in a research note on Thursday, February 29th. They issued a “hold” rating and a $117.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $147.30.

View Our Latest Stock Analysis on FNV

About Franco-Nevada

(Free Report)

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.

See Also

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

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