JPMorgan Chase & Co. Has $8.67 Million Stake in Cannae Holdings, Inc. (NYSE:CNNE)

JPMorgan Chase & Co. raised its holdings in shares of Cannae Holdings, Inc. (NYSE:CNNE - Free Report) by 10.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 454,688 shares of the company's stock after purchasing an additional 44,691 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.72% of Cannae worth $8,666,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CNNE. BNP Paribas Financial Markets increased its position in Cannae by 10.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,384 shares of the company's stock worth $236,000 after buying an additional 1,150 shares during the period. Crescent Grove Advisors LLC raised its stake in Cannae by 0.4% in the 3rd quarter. Crescent Grove Advisors LLC now owns 320,263 shares of the company's stock worth $6,104,000 after purchasing an additional 1,379 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its holdings in Cannae by 9.8% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 20,133 shares of the company's stock valued at $384,000 after purchasing an additional 1,789 shares during the period. Shayne & Jacobs LLC grew its position in shares of Cannae by 3.6% during the 3rd quarter. Shayne & Jacobs LLC now owns 89,576 shares of the company's stock worth $1,707,000 after purchasing an additional 3,080 shares in the last quarter. Finally, Oakview Capital Management L.P. bought a new position in shares of Cannae during the third quarter worth approximately $67,000. 88.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Cannae Price Performance

CNNE traded up $0.19 on Tuesday, hitting $18.88. 331,345 shares of the stock were exchanged, compared to its average volume of 349,668. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of -3.93 and a beta of 0.86. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.55 and a quick ratio of 2.55. Cannae Holdings, Inc. has a 12 month low of $16.94 and a 12 month high of $22.99. The business has a 50-day moving average of $20.41 and a two-hundred day moving average of $19.61.

Cannae (NYSE:CNNE - Get Free Report) last released its earnings results on Tuesday, November 12th. The company reported ($0.22) earnings per share for the quarter, hitting the consensus estimate of ($0.22). Cannae had a negative return on equity of 8.26% and a negative net margin of 68.61%. The firm had revenue of $113.90 million during the quarter, compared to analysts' expectations of $105.67 million. During the same period in the prior year, the company earned ($2.18) earnings per share. The company's quarterly revenue was down 20.7% on a year-over-year basis. Sell-side analysts forecast that Cannae Holdings, Inc. will post -3.14 EPS for the current fiscal year.

Cannae Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend was Tuesday, December 17th. Cannae's dividend payout ratio (DPR) is presently -9.98%.

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.