84,800 Shares in OUTFRONT Media Inc. $OUT Purchased by AEGON ASSET MANAGEMENT UK Plc

Key Points

• AEGON ASSET MANAGEMENT UK Plc acquired 84,800 shares of OUTFRONT Media (NYSE:OUT) in Q4, a new position worth about $2.04 million that represents roughly 0.05% of the company.
• Analyst sentiment is positive—six Buys and one Hold give a consensus rating of "Moderate Buy" with an average target of $27.86—while the stock trades near $30.04, offers a $0.30 quarterly dividend (4.0% yield) and has a payout ratio of 150%.
• OUTFRONT missed EPS estimates ($0.55 reported vs. $0.71 expected) though revenue was roughly in line, and insiders have reduced holdings recently (including a director and the EVP selling material blocks of shares).

AEGON ASSET MANAGEMENT UK Plc acquired a new position in OUTFRONT Media Inc. (NYSE:OUT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 84,800 shares of the financial services provider's stock, valued at approximately $2,044,000. AEGON ASSET MANAGEMENT UK Plc owned 0.05% of OUTFRONT Media as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new stake in OUTFRONT Media in the third quarter worth $29,000. Private Trust Co. NA purchased a new stake in OUTFRONT Media during the third quarter valued at about $33,000. Farther Finance Advisors LLC lifted its holdings in OUTFRONT Media by 157.6% during the fourth quarter. Farther Finance Advisors LLC now owns 2,339 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 1,431 shares during the last quarter. IFP Advisors Inc boosted its position in OUTFRONT Media by 16.5% during the third quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider's stock worth $78,000 after purchasing an additional 582 shares during the period. Finally, State of Wyoming boosted its position in OUTFRONT Media by 155.5% during the second quarter. State of Wyoming now owns 7,973 shares of the financial services provider's stock worth $130,000 after purchasing an additional 4,853 shares during the period.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on OUT shares. Zacks Research lowered shares of OUTFRONT Media from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 3rd. TD Cowen raised their price objective on shares of OUTFRONT Media from $24.00 to $32.00 and gave the stock a "buy" rating in a report on Thursday, February 26th. Barrington Research lifted their price objective on shares of OUTFRONT Media from $27.00 to $33.00 and gave the company an "outperform" rating in a research note on Monday, March 2nd. Finally, Wells Fargo & Company boosted their target price on shares of OUTFRONT Media from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Friday, February 27th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, OUTFRONT Media currently has a consensus rating of "Moderate Buy" and an average target price of $27.86.

OUTFRONT Media Trading Up 0.1%

Shares of OUTFRONT Media stock opened at $30.04 on Monday. The company's 50-day moving average price is $27.72 and its 200-day moving average price is $24.32. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.63. OUTFRONT Media Inc. has a 12-month low of $14.45 and a 12-month high of $30.50. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 37.55, a PEG ratio of 1.45 and a beta of 1.51.

OUTFRONT Media (NYSE:OUT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.16). The firm had revenue of $513.30 million for the quarter, compared to analysts' expectations of $511.61 million. OUTFRONT Media had a net margin of 8.03% and a return on equity of 24.86%. On average, equities analysts expect that OUTFRONT Media Inc. will post 2.07 earnings per share for the current fiscal year.

OUTFRONT Media Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 6th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.0%. The ex-dividend date was Friday, March 6th. OUTFRONT Media's payout ratio is presently 150.00%.

Insider Activity

In other OUTFRONT Media news, Director Manuel A. Diaz sold 11,271 shares of the firm's stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $26.93, for a total value of $303,528.03. Following the sale, the director owned 36,244 shares of the company's stock, valued at $976,050.92. This trade represents a 23.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Matthew Siegel sold 50,000 shares of OUTFRONT Media stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $25.79, for a total value of $1,289,500.00. Following the sale, the executive vice president owned 289,925 shares of the company's stock, valued at approximately $7,477,165.75. This trade represents a 14.71% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.47% of the stock is owned by insiders.

About OUTFRONT Media

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.

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