Deutsche Bank AG Sells 5,092 Shares of Cannae Holdings, Inc. $CNNE

Deutsche Bank AG reduced its position in Cannae Holdings, Inc. (NYSE:CNNE) by 9.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,926 shares of the company’s stock after selling 5,092 shares during the quarter. Deutsche Bank AG owned approximately 0.08% of Cannae worth $915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CNNE. Spire Wealth Management lifted its stake in shares of Cannae by 81.4% during the 1st quarter. Spire Wealth Management now owns 4,100 shares of the company’s stock valued at $75,000 after buying an additional 1,840 shares in the last quarter. Ameriflex Group Inc. purchased a new position in shares of Cannae in the fourth quarter valued at about $122,000. GAMMA Investing LLC lifted its position in shares of Cannae by 2,236.9% in the first quarter. GAMMA Investing LLC now owns 8,413 shares of the company’s stock valued at $154,000 after acquiring an additional 8,053 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Cannae in the fourth quarter worth about $214,000. Finally, Voloridge Investment Management LLC purchased a new stake in shares of Cannae during the fourth quarter worth about $230,000. 88.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Royal Bank Of Canada boosted their price target on Cannae from $22.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday, July 10th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $24.00.

Cannae Stock Up 2.3%

Shares of CNNE stock opened at $18.50 on Monday. The company’s fifty day simple moving average is $20.40 and its two-hundred day simple moving average is $19.01. Cannae Holdings, Inc. has a 52 week low of $15.91 and a 52 week high of $22.36. The stock has a market cap of $1.04 billion, a P/E ratio of -2.76 and a beta of 1.06. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 0.05.

Cannae Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a $0.15 dividend. This is an increase from Cannae’s previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, September 16th. Cannae’s dividend payout ratio (DPR) is presently -7.16%.

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.