Braun Stacey Associates Inc. Acquires Shares of 570,867 OUTFRONT Media Inc. $OUT

Braun Stacey Associates Inc. acquired a new position in shares of OUTFRONT Media Inc. (NYSE:OUT) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 570,867 shares of the financial services provider’s stock, valued at approximately $18,702,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in OUTFRONT Media by 6.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,211,619 shares of the financial services provider’s stock worth $58,603,000 after acquiring an additional 133,960 shares during the period. Vanguard Group Inc. increased its stake in shares of OUTFRONT Media by 5.3% during the 4th quarter. Vanguard Group Inc. now owns 22,654,899 shares of the financial services provider’s stock worth $545,983,000 after purchasing an additional 1,131,954 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of OUTFRONT Media by 116.6% during the 4th quarter. Intech Investment Management LLC now owns 269,557 shares of the financial services provider’s stock worth $6,496,000 after purchasing an additional 145,115 shares during the last quarter. Gabelli Funds LLC raised its holdings in shares of OUTFRONT Media by 30.3% in the 4th quarter. Gabelli Funds LLC now owns 333,440 shares of the financial services provider’s stock worth $8,036,000 after purchasing an additional 77,545 shares during the period. Finally, Waterloo Capital L.P. raised its holdings in shares of OUTFRONT Media by 199.5% in the 4th quarter. Waterloo Capital L.P. now owns 108,263 shares of the financial services provider’s stock worth $2,609,000 after purchasing an additional 72,117 shares during the period.

OUTFRONT Media Stock Down 1.6%

OUT opened at $29.60 on Friday. The company has a 50 day moving average of $31.73 and a 200 day moving average of $30.13. The company has a market cap of $5.21 billion, a PE ratio of 21.30 and a beta of 1.49. OUTFRONT Media Inc. has a 12 month low of $16.97 and a 12 month high of $34.96. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 3.50.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.30. OUTFRONT Media had a net margin of 12.66% and a return on equity of 37.44%. The business had revenue of $522.50 million during the quarter, compared to analyst estimates of $509.61 million. During the same period in the previous year, the business earned $0.51 EPS. OUTFRONT Media’s revenue was up 13.5% compared to the same quarter last year. On average, sell-side analysts expect that OUTFRONT Media Inc. will post 2.15 EPS for the current year.

OUTFRONT Media Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.5%. This is a boost from OUTFRONT Media’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, September 4th. OUTFRONT Media’s dividend payout ratio (DPR) is presently 86.33%.

Insider Buying and Selling at OUTFRONT Media

In related news, EVP James Michael Norton bought 4,130 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was acquired at an average price of $30.81 per share, for a total transaction of $127,245.30. Following the purchase, the executive vice president directly owned 4,130 shares in the company, valued at $127,245.30. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Richard H. Sauer sold 5,000 shares of OUTFRONT Media stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $32.08, for a total value of $160,400.00. Following the transaction, the executive vice president directly owned 56,947 shares of the company’s stock, valued at $1,826,859.76. The trade was a 8.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 20,000 shares of company stock valued at $629,600. 0.45% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on OUT. JPMorgan Chase & Co. reissued an “overweight” rating and set a $38.00 price objective on shares of OUTFRONT Media in a report on Wednesday, July 22nd. Morgan Stanley set a $37.00 target price on OUTFRONT Media in a research note on Friday, May 8th. TD Cowen reaffirmed a “buy” rating and set a $40.00 price target (up from $38.00) on shares of OUTFRONT Media in a research report on Thursday, August 6th. Wells Fargo & Company increased their price target on OUTFRONT Media from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Finally, Barrington Research set a $38.00 price objective on OUTFRONT Media in a report on Tuesday, May 12th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, OUTFRONT Media has a consensus rating of “Moderate Buy” and an average target price of $34.00.

About OUTFRONT Media

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.