Northern Trust Corp Boosts Stake in OUTFRONT Media Inc. (NYSE:OUT)

Northern Trust Corp boosted its position in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,119,006 shares of the financial services provider's stock after buying an additional 159,848 shares during the quarter. 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 (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. Tudor Investment Corp ET AL boosted its stake in shares of OUTFRONT Media by 177.8% during the 4th quarter. Tudor Investment Corp ET AL now owns 367,410 shares of the financial services provider's stock valued at $6,518,000 after purchasing an additional 235,154 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its position in OUTFRONT Media by 4.1% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 15,993 shares of the financial services provider's stock valued at $284,000 after acquiring an additional 629 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of OUTFRONT Media by 11.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 102,246 shares of the financial services provider's stock worth $1,814,000 after acquiring an additional 10,555 shares during the period. Harvest Investment Services LLC bought a new position in shares of OUTFRONT Media in the 4th quarter worth approximately $245,000. Finally, Uniplan Investment Counsel Inc. bought a new stake in shares of OUTFRONT Media during the fourth quarter valued at approximately $3,951,000.

OUTFRONT Media Price Performance

Shares of NYSE OUT traded up $0.27 during mid-day trading on Thursday, reaching $16.43. The company's stock had a trading volume of 275,176 shares, compared to its average volume of 1,690,885. The stock has a fifty day moving average of $15.43 and a two-hundred day moving average of $17.55. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.65 and a quick ratio of 0.65. OUTFRONT Media Inc. has a 52 week low of $12.95 and a 52 week high of $19.50. The firm has a market capitalization of $2.75 billion, a PE ratio of 11.72, a P/E/G ratio of 1.06 and a beta of 1.84.

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 for the quarter, missing the consensus estimate of $0.15 by ($0.01). The company had revenue of $390.70 million for the quarter, compared to the consensus estimate of $396.17 million. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. As a group, sell-side analysts anticipate that OUTFRONT Media Inc. will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, June 6th will be issued a $0.30 dividend. The ex-dividend date is Friday, June 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.30%. OUTFRONT Media's payout ratio is 78.95%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on OUT shares. Wells Fargo & Company dropped their target price on shares of OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. StockNews.com cut OUTFRONT Media from a "hold" rating to a "sell" rating in a research note on Monday. Barrington Research reissued an "outperform" rating and issued a $21.00 target price on shares of OUTFRONT Media in a research note on Wednesday, April 23rd. Finally, Morgan Stanley dropped their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $17.97.

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.