Bank of New York Mellon Corp Has $5.24 Million Position in Cannae Holdings, Inc. (NYSE:CNNE)

Bank of New York Mellon Corp grew its holdings in shares of Cannae Holdings, Inc. (NYSE:CNNE - Free Report) by 31.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 263,659 shares of the company's stock after acquiring an additional 62,987 shares during the quarter. Bank of New York Mellon Corp owned about 0.42% of Cannae worth $5,236,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of 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 in the last quarter. Barclays PLC lifted its stake in shares of Cannae by 221.9% in the 3rd quarter. Barclays PLC now owns 95,378 shares of the company's stock worth $1,818,000 after acquiring an additional 65,749 shares during the period. Spire Wealth Management acquired a new position in shares of Cannae during the fourth quarter valued at approximately $45,000. Strategic Financial Concepts LLC bought a new stake in Cannae during the fourth quarter worth approximately $281,000. Finally, State Street Corp lifted its position in Cannae by 1.6% in the third quarter. State Street Corp now owns 1,605,351 shares of the company's stock worth $30,598,000 after purchasing an additional 25,403 shares during the period. 88.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CNNE has been the topic of a number of research reports. Oppenheimer dropped their price objective on Cannae from $27.00 to $22.00 and set an "outperform" rating on the stock in a research note on Friday, March 7th. Royal Bank of Canada dropped their target price on shares of Cannae from $27.00 to $23.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th.

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Cannae Trading Up 7.7 %

Shares of Cannae stock traded up $1.34 on Friday, reaching $18.79. 1,435,431 shares of the company were exchanged, compared to its average volume of 458,125. Cannae Holdings, Inc. has a fifty-two week low of $15.99 and a fifty-two week high of $22.99. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of -3.91 and a beta of 0.86. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 0.10. The stock has a fifty day moving average price of $18.83 and a 200-day moving average price of $19.48.

Cannae Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.12 per share. The ex-dividend date is Monday, March 17th. This represents a $0.48 annualized dividend and a yield of 2.55%. Cannae's payout ratio is presently -10.17%.

Cannae 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.