Deutsche Bank AG Sells 94,722 Shares of OUTFRONT Media Inc. $OUT

Key Points

• Deutsche Bank AG reduced its stake in OUTFRONT Media Inc. by 20.2%, owning 373,074 shares valued at approximately $6.02 million as of the last reporting period.
• OUTFRONT Media announced a quarterly dividend of $0.30 per share, translating to an annualized dividend of $1.20 and a yield of 6.4%.
• The stock's current consensus price target is $19.00, with several analysts rating it as a Hold after recent adjustments to their forecasts.

Deutsche Bank AG lowered its stake in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 20.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 373,074 shares of the financial services provider's stock after selling 94,722 shares during the quarter. Deutsche Bank AG owned 0.22% of OUTFRONT Media worth $6,021,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in OUT. Sterling Capital Management LLC increased its stake in shares of OUTFRONT Media by 672.5% during the fourth quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider's stock valued at $51,000 after buying an additional 2,522 shares during the period. Rossby Financial LCC purchased a new position in shares of OUTFRONT Media during the first quarter valued at approximately $74,000. Lazard Asset Management LLC purchased a new position in shares of OUTFRONT Media during the fourth quarter valued at approximately $113,000. IFP Advisors Inc increased its stake in shares of OUTFRONT Media by 97.6% during the first quarter. IFP Advisors Inc now owns 6,708 shares of the financial services provider's stock valued at $113,000 after buying an additional 3,313 shares during the period. Finally, Signaturefd LLC increased its stake in shares of OUTFRONT Media by 8.5% during the first quarter. Signaturefd LLC now owns 9,203 shares of the financial services provider's stock valued at $149,000 after buying an additional 722 shares during the period.

OUTFRONT Media Stock Down 0.6%

OUTFRONT Media stock traded down $0.1190 during mid-day trading on Thursday, hitting $18.8810. The company had a trading volume of 1,070,332 shares, compared to its average volume of 1,544,105. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 4.60. The stock's 50 day moving average price is $17.34 and its two-hundred day moving average price is $16.73. OUTFRONT Media Inc. has a 12 month low of $12.95 and a 12 month high of $19.50. The company has a market capitalization of $3.16 billion, a PE ratio of 32.30, a price-to-earnings-growth ratio of 1.13 and a beta of 1.89.

OUTFRONT Media (NYSE:OUT - Get Free Report) last released its earnings results on Tuesday, August 5th. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. OUTFRONT Media had a return on equity of 18.07% and a net margin of 5.99%.The business had revenue of $460.20 million for the quarter, compared to the consensus estimate of $463.16 million. During the same period in the previous year, the company posted $0.50 earnings per share. The company's revenue for the quarter was down 3.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that OUTFRONT Media Inc. will post 1.59 earnings per share for the current fiscal year.

OUTFRONT Media Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend is Friday, September 5th. OUTFRONT Media's payout ratio is 206.90%.

Insider Buying and Selling

In other OUTFRONT Media news, EVP Richard H. Sauer sold 20,109 shares of the business's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $15.88, for a total value of $319,330.92. Following the sale, the executive vice president directly owned 70,836 shares of the company's stock, valued at approximately $1,124,875.68. The trade was a 22.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wall Street Zen raised OUTFRONT Media from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Citigroup reaffirmed a "buy" rating and issued a $19.00 price target (up from $17.00) on shares of OUTFRONT Media in a research note on Thursday, May 29th. Barrington Research reaffirmed an "outperform" rating and issued a $21.00 price target on shares of OUTFRONT Media in a research note on Wednesday, August 6th. Morgan Stanley upped their price target on OUTFRONT Media from $17.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. reduced their price target on OUTFRONT Media from $20.00 to $19.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 21st. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, OUTFRONT Media presently has a consensus rating of "Moderate Buy" and a consensus price target of $19.00.

About OUTFRONT Media

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.