Wells Fargo & Company MN Has $1.68 Million Stock Holdings in OUTFRONT Media Inc. (NYSE:OUT)

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

Other hedge funds have also recently bought and sold shares of the company. Loomis Sayles & Co. L P bought a new position in OUTFRONT Media in the fourth quarter valued at approximately $47,000. GAMMA Investing LLC boosted its holdings in shares of OUTFRONT Media by 19.3% in the 4th 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 increased its stake in shares of 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 purchasing an additional 2,555 shares during the last quarter. KBC Group NV raised its holdings in shares of OUTFRONT Media by 47.9% during the 4th quarter. KBC Group NV now owns 6,198 shares of the financial services provider's stock worth $110,000 after buying an additional 2,006 shares in the last quarter. Finally, Commonwealth Equity Services LLC bought a new stake in shares of OUTFRONT Media during the 4th quarter worth $192,000.

OUTFRONT Media Trading Up 0.0 %

Shares of OUT stock traded up $0.01 during mid-day trading on Tuesday, reaching $15.37. 746,010 shares of the stock traded hands, compared to its average volume of 1,701,851. The stock's fifty day simple moving average is $16.05 and its two-hundred day simple moving average is $17.83. OUTFRONT Media Inc. has a 1-year low of $12.95 and a 1-year high of $19.98. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 4.00. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 10.95, a price-to-earnings-growth ratio of 1.06 and a beta of 1.79.

OUTFRONT Media (NYSE:OUT - Get Free Report) last posted its earnings results on Tuesday, February 25th. The financial services provider reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.06. The firm had revenue of $493.20 million for 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%. On average, research analysts anticipate that OUTFRONT Media Inc. will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 7.81%. The ex-dividend date was Friday, March 7th. OUTFRONT Media's payout ratio is presently 81.63%.

Wall Street Analyst Weigh In

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

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.