Wells Fargo & Company MN Increases Position in OUTFRONT Media Inc. (NYSE:OUT)

Wells Fargo & Company MN boosted its position in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 40.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,898 shares of the financial services provider's stock after purchasing an additional 27,166 shares during the period. Wells Fargo & Company MN owned 0.06% of OUTFRONT Media worth $1,684,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Loomis Sayles & Co. L P bought a new position in OUTFRONT Media in the fourth quarter worth approximately $47,000. GAMMA Investing LLC lifted its holdings in shares of OUTFRONT Media by 19.3% in the fourth quarter. GAMMA Investing LLC now owns 3,796 shares of the financial services provider's stock valued at $67,000 after purchasing an additional 613 shares in the last quarter. Smartleaf Asset Management LLC raised its position in OUTFRONT Media by 155.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,198 shares of the financial services provider's stock valued at $73,000 after buying an additional 2,555 shares during the last quarter. KBC Group NV raised its holdings in shares of OUTFRONT Media by 47.9% in the fourth quarter. KBC Group NV now owns 6,198 shares of the financial services provider's stock valued at $110,000 after purchasing an additional 2,006 shares during the last quarter. Finally, Commonwealth Equity Services LLC purchased a new stake in OUTFRONT Media in the 4th quarter valued at about $192,000.

Analyst Ratings Changes

Separately, Barrington Research reaffirmed an "outperform" rating and set a $21.00 price target on shares of OUTFRONT Media in a research report on Wednesday, April 23rd. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $19.37.

OUTFRONT Media Stock Performance

NYSE:OUT traded up $0.45 on Thursday, reaching $15.58. 140,184 shares of the company's stock were exchanged, compared to its average volume of 1,696,750. The stock has a fifty day simple moving average of $15.93 and a 200-day simple moving average of $17.79. 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 $19.98. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 11.11, a P/E/G ratio of 1.06 and a beta of 1.79.

OUTFRONT Media (NYSE:OUT - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The financial services provider reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.06. The company had revenue of $493.20 million during the quarter, compared to analyst estimates of $490.42 million. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. As a group, sell-side analysts predict that OUTFRONT Media Inc. will post 1.59 earnings per share for the current year.

OUTFRONT Media Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.70%. OUTFRONT Media's dividend payout ratio (DPR) is presently 81.63%.

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.