Shayne & Jacobs LLC Trims Stock Position in Cannae Holdings, Inc. (NYSE:CNNE)

Shayne & Jacobs LLC lowered its position in shares of Cannae Holdings, Inc. (NYSE:CNNE) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 86,956 shares of the company’s stock after selling 2,620 shares during the period. Shayne & Jacobs LLC owned about 0.14% of Cannae worth $1,727,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. grew its position in Cannae by 10.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 454,688 shares of the company’s stock valued at $8,666,000 after buying an additional 44,691 shares during the last quarter. Barclays PLC increased its holdings in Cannae by 221.9% during the 3rd quarter. Barclays PLC now owns 95,378 shares of the company’s stock valued at $1,818,000 after acquiring an additional 65,749 shares in the last quarter. Spire Wealth Management purchased a new position in shares of Cannae during the 4th quarter worth approximately $45,000. Strategic Financial Concepts LLC acquired a new position in shares of Cannae during the 4th quarter worth approximately $281,000. Finally, State Street Corp grew its holdings in Cannae by 1.6% during the 3rd quarter. State Street Corp now owns 1,605,351 shares of the company’s stock valued at $30,598,000 after buying an additional 25,403 shares during the last quarter. 88.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Royal Bank of Canada boosted their target price on Cannae from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th.

Cannae Price Performance

Shares of NYSE:CNNE opened at $19.14 on Wednesday. The company’s fifty day moving average is $19.53 and its two-hundred day moving average is $19.68. The company has a market cap of $1.20 billion, a P/E ratio of -3.98 and a beta of 0.87. Cannae Holdings, Inc. has a 12-month low of $16.94 and a 12-month high of $22.99. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.10.

Cannae Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Monday, March 17th. Cannae’s dividend payout ratio (DPR) is presently -9.98%.

Cannae Company Profile

Cannae Holdings, Inc is a principal investment firm. The firm primarily invests in restaurants, technology enabled healthcare services, financial services and more. It takes both minority and majority stakes. Cannae Holdings, Inc was founded in 2014 and is based in Las Vegas, Nevada.