Cannae Holdings, Inc. (NYSE:CNNE) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC reduced its stake in Cannae Holdings, Inc. (NYSE:CNNE) by 4.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 100,359 shares of the company’s stock after selling 5,029 shares during the period. Corient Private Wealth LLC’s holdings in Cannae were worth $1,993,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of CNNE. JPMorgan Chase & Co. grew its stake in Cannae by 10.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 454,688 shares of the company’s stock valued at $8,666,000 after purchasing an additional 44,691 shares during the last quarter. Barclays PLC lifted its holdings in shares of Cannae by 221.9% during the third quarter. Barclays PLC now owns 95,378 shares of the company’s stock worth $1,818,000 after purchasing an additional 65,749 shares during the period. Spire Wealth Management purchased a new stake in Cannae in the fourth quarter valued at approximately $45,000. Strategic Financial Concepts LLC purchased a new position in Cannae during the 4th quarter worth approximately $281,000. Finally, State Street Corp lifted its stake 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 acquiring an additional 25,403 shares during the period. 88.12% of the stock is currently owned by institutional investors and hedge funds.

Cannae Trading Up 0.1 %

Shares of NYSE:CNNE opened at $18.76 on Tuesday. The company has a market capitalization of $1.18 billion, a PE ratio of -3.90 and a beta of 0.86. Cannae Holdings, Inc. has a 12-month low of $15.99 and a 12-month high of $22.99. The business has a 50 day moving average of $18.84 and a two-hundred day moving average of $19.47. The company has a current ratio of 2.55, a quick 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. Investors of record on Monday, March 17th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Monday, March 17th. Cannae’s dividend payout ratio (DPR) is presently -10.17%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Royal Bank of Canada cut their price objective on shares of Cannae from $27.00 to $23.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Oppenheimer cut their price target on Cannae from $27.00 to $22.00 and set an “outperform” rating on the stock in a research report on Friday, March 7th.

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.