JPMorgan Chase & Co. Boosts Position in Outfront Media Inc. (NYSE:OUT)

JPMorgan Chase & Co. boosted its position in shares of Outfront Media Inc. (NYSE:OUTGet Rating) by 6.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,795,195 shares of the financial services provider’s stock after purchasing an additional 288,219 shares during the quarter. JPMorgan Chase & Co. owned approximately 2.92% of Outfront Media worth $81,279,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of OUT. BlackRock Inc. lifted its position in shares of Outfront Media by 3.2% in the first quarter. BlackRock Inc. now owns 19,931,847 shares of the financial services provider’s stock valued at $566,663,000 after acquiring an additional 610,565 shares in the last quarter. Providence Equity Partners L.L.C. acquired a new position in Outfront Media in the first quarter valued at $494,342,000. Invesco Ltd. increased its stake in Outfront Media by 23.8% in the first quarter. Invesco Ltd. now owns 3,788,625 shares of the financial services provider’s stock valued at $107,710,000 after purchasing an additional 728,105 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Outfront Media by 244.0% in the first quarter. Goldman Sachs Group Inc. now owns 3,592,568 shares of the financial services provider’s stock valued at $102,137,000 after purchasing an additional 2,548,117 shares during the last quarter. Finally, State Street Corp increased its stake in Outfront Media by 3.7% in the first quarter. State Street Corp now owns 2,984,763 shares of the financial services provider’s stock valued at $84,857,000 after purchasing an additional 106,532 shares during the last quarter.

Outfront Media Stock Performance

Shares of NYSE:OUT opened at $18.41 on Thursday. The firm has a market capitalization of $3.02 billion, a PE ratio of 20.92, a P/E/G ratio of 0.95 and a beta of 1.67. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.82 and a quick ratio of 0.82. The business has a 50-day moving average of $16.97 and a two-hundred day moving average of $18.02. Outfront Media Inc. has a 12 month low of $14.97 and a 12 month high of $29.36.

Outfront Media Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 2nd will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, December 1st. This represents a $1.20 annualized dividend and a yield of 6.52%. Outfront Media’s dividend payout ratio is presently 136.37%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. StockNews.com lowered Outfront Media from a “hold” rating to a “sell” rating in a research note on Friday, November 4th. Barrington Research dropped their target price on Outfront Media from $33.00 to $27.00 and set an “outperform” rating for the company in a research note on Friday, August 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $27.75.

Outfront Media Company Profile

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Outfront Media Inc leverages the power of technology, location and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its technology platform, Outfront Media Inc will fundamentally change the ways advertisers engage audiences on-the-go.

See Also

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Institutional Ownership by Quarter for Outfront Media (NYSE:OUT)

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