Invesco Ltd. Raises Position in OUTFRONT Media Inc. (NYSE:OUT)

Invesco Ltd. lifted its position in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 7.6% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,836,183 shares of the financial services provider's stock after buying an additional 555,568 shares during the quarter. Invesco Ltd. owned approximately 4.69% of OUTFRONT Media worth $126,476,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of OUT. Benchstone Capital Management LP bought a new stake in OUTFRONT Media in the 4th quarter valued at $29,038,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of OUTFRONT Media in the 1st quarter worth about $14,177,000. Polar Asset Management Partners Inc. increased its holdings in shares of OUTFRONT Media by 247.7% in the 4th quarter. Polar Asset Management Partners Inc. now owns 677,930 shares of the financial services provider's stock worth $12,026,000 after buying an additional 482,930 shares during the last quarter. Westwood Holdings Group Inc. bought a new stake in shares of OUTFRONT Media in the 1st quarter worth about $7,086,000. Finally, LSV Asset Management increased its holdings in shares of OUTFRONT Media by 25.7% in the 1st quarter. LSV Asset Management now owns 2,005,448 shares of the financial services provider's stock worth $32,368,000 after buying an additional 410,086 shares during the last quarter.

Insider Transactions at OUTFRONT Media

In other news, EVP Richard H. Sauer sold 20,109 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $15.88, for a total value of $319,330.92. Following the completion of the sale, the executive vice president owned 70,836 shares of the company's stock, valued at approximately $1,124,875.68. This represents a 22.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.47% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on OUT. Morgan Stanley boosted their target price on shares of OUTFRONT Media from $17.00 to $19.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Wall Street Zen upgraded shares of OUTFRONT Media from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Barrington Research restated an "outperform" rating and issued a $21.00 target price on shares of OUTFRONT Media in a report on Wednesday, August 6th. Wells Fargo & Company restated an "overweight" rating on shares of OUTFRONT Media in a report on Sunday, July 20th. Finally, JPMorgan Chase & Co. cut their price target on shares of OUTFRONT Media from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, May 21st. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $19.00.

OUTFRONT Media Stock Performance

Shares of NYSE:OUT opened at $18.39 on Friday. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 31.45, a PEG ratio of 1.12 and a beta of 1.89. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 4.60. OUTFRONT Media Inc. has a 12 month low of $12.95 and a 12 month high of $19.50. The firm's 50-day moving average is $17.09 and its 200 day moving average is $16.71.

OUTFRONT Media (NYSE:OUT - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of $460.20 million during the quarter, compared to analysts' expectations of $463.16 million. OUTFRONT Media had a net margin of 5.99% and a return on equity of 18.07%. The firm's quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.50 EPS. Research analysts predict that OUTFRONT Media Inc. will post 1.59 EPS for the current year.

OUTFRONT Media Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Friday, September 5th. OUTFRONT Media's payout ratio is 206.90%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.