BNP Paribas Financial Markets Has $1.06 Million Stock Position in OUTFRONT Media Inc. (NYSE:OUT)

BNP Paribas Financial Markets decreased its stake in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 89.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,668 shares of the financial services provider's stock after selling 496,976 shares during the period. BNP Paribas Financial Markets' holdings in OUTFRONT Media were worth $1,059,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. FMR LLC raised its stake in shares of OUTFRONT Media by 132.5% during the fourth quarter. FMR LLC now owns 15,604,202 shares of the financial services provider's stock valued at $276,819,000 after acquiring an additional 8,892,411 shares during the last quarter. Cohen & Steers Inc. raised its stake in shares of OUTFRONT Media by 87.8% during the fourth quarter. Cohen & Steers Inc. now owns 5,243,211 shares of the financial services provider's stock valued at $93,015,000 after acquiring an additional 2,450,632 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of OUTFRONT Media by 9.1% during the fourth quarter. Wellington Management Group LLP now owns 4,115,268 shares of the financial services provider's stock valued at $73,005,000 after acquiring an additional 342,413 shares during the last quarter. Lasalle Investment Management Securities LLC raised its stake in shares of OUTFRONT Media by 2.1% during the fourth quarter. Lasalle Investment Management Securities LLC now owns 3,146,553 shares of the financial services provider's stock valued at $55,820,000 after acquiring an additional 64,072 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in OUTFRONT Media by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,054,331 shares of the financial services provider's stock worth $54,184,000 after buying an additional 15,455 shares during the last quarter.

Analysts Set New Price Targets

OUT has been the subject of a number of analyst reports. Wells Fargo & Company lowered their target price on shares of OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. Morgan Stanley lowered their target price on shares of OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. Barrington Research reissued an "outperform" rating and set a $21.00 target price on shares of OUTFRONT Media in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. reduced their price target on shares of OUTFRONT Media from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday. Finally, Wall Street Zen cut shares of OUTFRONT Media from a "hold" rating to a "sell" rating in a report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $18.08.

OUTFRONT Media Stock Down 0.2%

NYSE:OUT traded down $0.04 during trading hours on Friday, reaching $15.70. The company had a trading volume of 1,273,116 shares, compared to its average volume of 1,675,997. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 4.00. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 11.19, a P/E/G ratio of 1.06 and a beta of 1.84. The business's 50-day simple moving average is $15.39 and its two-hundred day simple moving average is $17.43. OUTFRONT Media Inc. has a twelve month low of $12.95 and a twelve month high of $19.98.

OUTFRONT Media (NYSE:OUT - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). The business had revenue of $390.70 million for the quarter, compared to analyst estimates of $396.17 million. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. On average, equities analysts expect that OUTFRONT Media Inc. will post 1.59 earnings per share for the current year.

OUTFRONT Media Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.65%. The ex-dividend date of this dividend is Friday, June 6th. OUTFRONT Media's dividend payout ratio is currently 78.95%.

OUTFRONT Media Company Profile

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.