Franco Nevada Corp (FNV) Holdings Raised by Hsbc Holdings PLC

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Hsbc Holdings PLC boosted its position in Franco Nevada Corp (NYSE:FNV) (TSE:FNV) by 8.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,456 shares of the basic materials company’s stock after acquiring an additional 3,086 shares during the period. Hsbc Holdings PLC’s holdings in Franco Nevada were worth $2,838,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC grew its holdings in Franco Nevada by 3.5% during the third quarter. Commonwealth Equity Services LLC now owns 102,023 shares of the basic materials company’s stock worth $6,381,000 after purchasing an additional 3,461 shares during the period. JPMorgan Chase & Co. grew its holdings in Franco Nevada by 143.8% during the third quarter. JPMorgan Chase & Co. now owns 1,854,956 shares of the basic materials company’s stock worth $116,027,000 after purchasing an additional 1,094,236 shares during the period. Alliancebernstein L.P. grew its holdings in Franco Nevada by 8.8% during the third quarter. Alliancebernstein L.P. now owns 69,266 shares of the basic materials company’s stock worth $4,333,000 after purchasing an additional 5,617 shares during the period. AXA grew its holdings in Franco Nevada by 2.6% during the third quarter. AXA now owns 91,177 shares of the basic materials company’s stock worth $5,703,000 after purchasing an additional 2,337 shares during the period. Finally, Crossmark Global Holdings Inc. grew its holdings in Franco Nevada by 12.5% during the third quarter. Crossmark Global Holdings Inc. now owns 24,656 shares of the basic materials company’s stock worth $1,542,000 after purchasing an additional 2,741 shares during the period. 66.47% of the stock is currently owned by institutional investors and hedge funds.

Shares of FNV stock opened at $76.75 on Monday. The company has a market cap of $14.36 billion, a price-to-earnings ratio of 71.06, a P/E/G ratio of 14.96 and a beta of 0.13. Franco Nevada Corp has a 12-month low of $58.26 and a 12-month high of $78.82.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th will be given a dividend of $0.24 per share. The ex-dividend date is Wednesday, March 13th. This represents a $0.96 annualized dividend and a yield of 1.25%. Franco Nevada’s dividend payout ratio (DPR) is presently 88.89%.

A number of research firms recently commented on FNV. Zacks Investment Research cut Franco Nevada from a “buy” rating to a “hold” rating in a report on Thursday. Raymond James reiterated an “outperform” rating and set a $88.00 price target on shares of Franco Nevada in a report on Monday, February 11th. BMO Capital Markets reiterated a “hold” rating on shares of Franco Nevada in a report on Monday, December 17th. Royal Bank of Canada reiterated a “buy” rating and set a $118.00 price target on shares of Franco Nevada in a report on Wednesday, December 12th. Finally, ValuEngine upgraded Franco Nevada from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $85.67.

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Franco Nevada Company Profile

Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Mexico, Peru, Chile, Australia, and Africa. The company also holds interests in silver, platinum group metals, oil and gas, and other resource assets. As of December 31, 2017, it had a portfolio of 341 assets.

Read More: Market Capitalization – What it Means for Investors

Want to see what other hedge funds are holding FNV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Franco Nevada Corp (NYSE:FNV) (TSE:FNV).

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

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