Allworth Financial LP Has $35,000 Holdings in OUTFRONT Media Inc. (NYSE:OUT)

Allworth Financial LP grew its holdings in shares of OUTFRONT Media Inc. (NYSE:OUT) by 52.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,534 shares of the financial services provider’s stock after acquiring an additional 874 shares during the quarter. Allworth Financial LP’s holdings in OUTFRONT Media were worth $35,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of OUTFRONT Media by 16.4% during the 3rd quarter. Vanguard Group Inc. now owns 25,900,724 shares of the financial services provider’s stock worth $393,432,000 after acquiring an additional 3,643,500 shares in the last quarter. BlackRock Inc. boosted its position in shares of OUTFRONT Media by 3.2% during the 1st quarter. BlackRock Inc. now owns 19,931,847 shares of the financial services provider’s stock worth $566,663,000 after acquiring an additional 610,565 shares in the last quarter. FMR LLC boosted its position in shares of OUTFRONT Media by 50.8% during the 3rd quarter. FMR LLC now owns 6,300,057 shares of the financial services provider’s stock worth $63,631,000 after acquiring an additional 2,122,950 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of OUTFRONT Media by 0.5% during the 1st quarter. JPMorgan Chase & Co. now owns 5,922,858 shares of the financial services provider’s stock worth $96,128,000 after acquiring an additional 28,388 shares in the last quarter. Finally, State Street Corp boosted its position in shares of OUTFRONT Media by 1.0% during the 2nd quarter. State Street Corp now owns 5,538,125 shares of the financial services provider’s stock worth $87,059,000 after acquiring an additional 55,754 shares in the last quarter.

Analysts Set New Price Targets

Several analysts recently issued reports on OUT shares. TheStreet upgraded shares of OUTFRONT Media from a “d+” rating to a “c-” rating in a research report on Tuesday, March 5th. StockNews.com upgraded shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $14.50.

OUTFRONT Media Price Performance

Shares of NYSE:OUT opened at $15.63 on Monday. The company has a market cap of $2.59 billion, a price-to-earnings ratio of -5.85, a PEG ratio of 1.02 and a beta of 1.87. The company has a debt-to-equity ratio of 4.39, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a 50 day simple moving average of $15.04 and a 200 day simple moving average of $13.12. OUTFRONT Media Inc. has a one year low of $8.18 and a one year high of $17.02.

OUTFRONT Media Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 1st were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 7.68%. The ex-dividend date was Thursday, February 29th. OUTFRONT Media’s payout ratio is currently -44.94%.

OUTFRONT Media Company Profile

OUTFRONT 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 will fundamentally change the ways advertisers engage audiences on-the-go.