Crossmark Global Holdings Inc. Has $1.89 Million Stock Position in Franco-Nevada Co. (NYSE:FNV)

Crossmark Global Holdings Inc. reduced its position in shares of Franco-Nevada Co. (NYSE:FNVFree Report) (TSE:FNV) by 9.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,050 shares of the basic materials company’s stock after selling 1,848 shares during the period. Crossmark Global Holdings Inc.’s holdings in Franco-Nevada were worth $1,890,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FNV. VisionPoint Advisory Group LLC acquired a new position in Franco-Nevada during the third quarter valued at approximately $30,000. Creative Financial Designs Inc. ADV acquired a new position in shares of Franco-Nevada during the fourth quarter worth $34,000. Allworth Financial LP increased its holdings in shares of Franco-Nevada by 5,750.0% during the fourth quarter. Allworth Financial LP now owns 351 shares of the basic materials company’s stock worth $39,000 after buying an additional 345 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Franco-Nevada by 277.6% during the fourth quarter. Blue Trust Inc. now owns 589 shares of the basic materials company’s stock worth $65,000 after buying an additional 433 shares in the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of Franco-Nevada by 35.2% during the fourth quarter. Larson Financial Group LLC now owns 642 shares of the basic materials company’s stock worth $71,000 after buying an additional 167 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Franco-Nevada Price Performance

FNV stock opened at $117.61 on Friday. The company’s 50-day moving average is $122.58 and its 200-day moving average is $114.79. Franco-Nevada Co. has a 1 year low of $102.29 and a 1 year high of $149.06.

Franco-Nevada (NYSE:FNVGet Free Report) (TSE:FNV) last posted its earnings results on Wednesday, May 1st. The basic materials company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.08. Franco-Nevada had a negative net margin of 39.88% and a positive return on equity of 10.81%. The company had revenue of $256.80 million for the quarter, compared to analyst estimates of $250.50 million. During the same quarter in the prior year, the business posted $0.79 EPS. The firm’s revenue was down 7.1% compared to the same quarter last year. As a group, equities analysts predict that Franco-Nevada Co. will post 3.18 EPS for the current fiscal year.

Franco-Nevada Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 13th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.22%. Franco-Nevada’s dividend payout ratio is presently -57.43%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. HC Wainwright upped their price target on shares of Franco-Nevada from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Jefferies Financial Group upped their price target on shares of Franco-Nevada from $117.00 to $129.00 and gave the stock a “hold” rating in a report on Monday, April 22nd. Raymond James upped their price target on shares of Franco-Nevada from $138.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Bank of America lowered their price target on shares of Franco-Nevada from $138.00 to $136.00 and set a “buy” rating for the company in a report on Monday, March 18th. Finally, TheStreet cut shares of Franco-Nevada from a “c+” rating to a “d+” rating in a research note on Tuesday, March 5th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $148.70.

Check Out Our Latest Report on FNV

Franco-Nevada Profile

(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.

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

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