United Community Bank Has $98,000 Stock Position in Franco-Nevada Co. (NYSE:FNV)

United Community Bank grew its stake in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 40.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 830 shares of the basic materials company’s stock after buying an additional 240 shares during the period. United Community Bank’s holdings in Franco-Nevada were worth $98,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FNV. Essex Financial Services Inc. lifted its holdings in shares of Franco-Nevada by 2.2% during the 4th quarter. Essex Financial Services Inc. now owns 3,892 shares of the basic materials company’s stock valued at $458,000 after purchasing an additional 84 shares in the last quarter. Mutual Advisors LLC lifted its holdings in shares of Franco-Nevada by 4.0% during the 4th quarter. Mutual Advisors LLC now owns 2,477 shares of the basic materials company’s stock valued at $309,000 after purchasing an additional 96 shares in the last quarter. Sustainable Insight Capital Management LLC lifted its holdings in shares of Franco-Nevada by 2.7% during the 4th quarter. Sustainable Insight Capital Management LLC now owns 3,755 shares of the basic materials company’s stock valued at $441,000 after purchasing an additional 100 shares in the last quarter. Huntington National Bank lifted its stake in Franco-Nevada by 7.4% in the 3rd quarter. Huntington National Bank now owns 1,486 shares of the basic materials company’s stock valued at $185,000 after acquiring an additional 102 shares in the last quarter. Finally, Blossom Wealth Management lifted its stake in Franco-Nevada by 3.9% in the 4th quarter. Blossom Wealth Management now owns 2,853 shares of the basic materials company’s stock valued at $335,000 after acquiring an additional 108 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Franco-Nevada Trading Up 0.5 %

FNV stock opened at $143.36 on Monday. The business’s 50 day simple moving average is $133.80 and its 200 day simple moving average is $127.30. Franco-Nevada Co. has a 1-year low of $111.98 and a 1-year high of $146.70. The firm has a market capitalization of $27.60 billion, a PE ratio of -45.37, a PEG ratio of 9.78 and a beta of 0.73.

Franco-Nevada Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.06%. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.36. The ex-dividend date is Thursday, March 13th. Franco-Nevada’s dividend payout ratio is currently -48.10%.

Analysts Set New Price Targets

FNV has been the topic of several research reports. UBS Group initiated coverage on Franco-Nevada in a research note on Monday, November 18th. They issued a “buy” rating and a $160.00 target price on the stock. StockNews.com raised Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Friday. HC Wainwright reaffirmed a “buy” rating and set a $155.00 price target on shares of Franco-Nevada in a research report on Tuesday, January 28th. Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Finally, Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $146.71.

Franco-Nevada 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.