Northern Trust Corp Purchases 159,848 Shares of OUTFRONT Media Inc. (NYSE:OUT)

Northern Trust Corp increased its position in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,119,006 shares of the financial services provider's stock after purchasing an additional 159,848 shares during the period. Northern Trust Corp owned approximately 1.31% of OUTFRONT Media worth $37,591,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. FMR LLC increased its holdings 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 worth $276,819,000 after purchasing an additional 8,892,411 shares during the period. Cohen & Steers Inc. raised its holdings in OUTFRONT Media by 87.8% in the 4th 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 in the last quarter. Wellington Management Group LLP lifted its position in shares of OUTFRONT Media by 9.1% during the 4th 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 period. Lasalle Investment Management Securities LLC grew its holdings in shares of OUTFRONT Media by 2.1% during the 4th quarter. Lasalle Investment Management Securities LLC now owns 3,146,553 shares of the financial services provider's stock worth $55,820,000 after purchasing an additional 64,072 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of OUTFRONT Media by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,054,331 shares of the financial services provider's stock valued at $54,184,000 after buying an additional 15,455 shares in the last quarter.

Analyst Ratings Changes

OUT has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their target price on OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating on the stock in a report on Friday. Morgan Stanley reduced their price objective on OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. Finally, Barrington Research reissued an "outperform" rating and issued a $21.00 target price on shares of OUTFRONT Media in a report on Wednesday, April 23rd. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $17.97.

OUTFRONT Media Price Performance

Shares of OUT opened at $14.96 on Friday. The business has a 50-day simple moving average of $15.53 and a two-hundred day simple moving average of $17.61. OUTFRONT Media Inc. has a 12-month low of $12.95 and a 12-month high of $19.98. The stock has a market cap of $2.50 billion, a PE ratio of 10.66, a PEG ratio of 1.06 and a beta of 1.84. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 4.00.

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

OUTFRONT Media Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, June 6th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.02%. OUTFRONT Media's dividend payout ratio (DPR) is 81.63%.

OUTFRONT Media 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.

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