Deutsche Bank AG Acquires 345,332 Shares of Franco-Nevada Co. (NYSE:FNV)

Deutsche Bank AG grew its holdings in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 44.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,118,844 shares of the basic materials company’s stock after purchasing an additional 345,332 shares during the quarter. Deutsche Bank AG owned about 0.59% of Franco-Nevada worth $162,310,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. JTC Employer Solutions Trusteee Ltd purchased a new stake in Franco-Nevada in the second quarter valued at approximately $25,000. Truvestments Capital LLC raised its stake in shares of Franco-Nevada by 100.0% during the first quarter. Truvestments Capital LLC now owns 200 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 100 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of Franco-Nevada during the second quarter worth approximately $28,000. Huntington National Bank raised its stake in shares of Franco-Nevada by 109.9% during the second quarter. Huntington National Bank now owns 191 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 100 shares in the last quarter. Finally, BerganKDV Wealth Management LLC raised its stake in shares of Franco-Nevada by 20,000.0% during the second quarter. BerganKDV Wealth Management LLC now owns 201 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 200 shares in the last quarter. 68.15% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on FNV shares. National Bank Financial raised their target price on shares of Franco-Nevada from C$200.00 to C$205.00 and gave the stock a “sector perform” rating in a report on Friday, July 16th. Raymond James raised their target price on shares of Franco-Nevada from $166.00 to $172.00 and gave the stock an “outperform” rating in a report on Wednesday, June 9th. Barclays cut shares of Franco-Nevada from an “equal weight” rating to an “underweight” rating and set a $107.00 target price on the stock. in a report on Thursday, July 8th. JPMorgan Chase & Co. cut shares of Franco-Nevada from a “neutral” rating to an “underweight” rating in a report on Tuesday, July 13th. Finally, Industrial Alliance Securities reiterated a “buy” rating and issued a C$250.00 price target on shares of Franco-Nevada in a report on Friday, June 11th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $178.67.

FNV opened at $135.34 on Thursday. The stock has a 50-day moving average price of $148.21 and a 200-day moving average price of $143.11. The firm has a market cap of $25.86 billion, a PE ratio of 38.12, a P/E/G ratio of 10.04 and a beta of 0.58. Franco-Nevada Co. has a 1 year low of $105.62 and a 1 year high of $163.79.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings results on Wednesday, August 11th. The basic materials company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.02. Franco-Nevada had a return on equity of 11.94% and a net margin of 54.62%. The firm had revenue of $347.10 million during the quarter, compared to analyst estimates of $362.19 million. As a group, equities analysts anticipate that Franco-Nevada Co. will post 3.53 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 30th. Shareholders of record on Thursday, September 16th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Wednesday, September 15th. Franco-Nevada’s dividend payout ratio (DPR) is 44.28%.

Franco-Nevada Company Profile

Franco-Nevada Corp. engages in the management of gold-focused royalties and streams portfolio. It provides investors with gold price and exploration optionality while limiting exposure to many of the risks of operating companies. The company was founded on October 17, 2007 and is headquartered in Toronto, Canada.

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

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