Raymond James Financial Services Advisors Inc. Takes $829,000 Position in Outfront Media Inc. (NYSE:OUT)

Raymond James Financial Services Advisors Inc. acquired a new stake in Outfront Media Inc. (NYSE:OUTGet Rating) during the 3rd quarter, Holdings Channel reports. The firm acquired 54,597 shares of the financial services provider’s stock, valued at approximately $829,000.

Several other large investors have also made changes to their positions in 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 worth $566,663,000 after buying an additional 610,565 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of Outfront Media by 3.6% in the second quarter. Macquarie Group Ltd. now owns 5,234,424 shares of the financial services provider’s stock worth $88,724,000 after buying an additional 182,613 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Outfront Media by 6.4% in the second quarter. JPMorgan Chase & Co. now owns 4,795,195 shares of the financial services provider’s stock worth $81,279,000 after buying an additional 288,219 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Outfront Media by 19.4% in the second quarter. Goldman Sachs Group Inc. now owns 4,287,920 shares of the financial services provider’s stock worth $72,680,000 after buying an additional 695,352 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Outfront Media by 23.8% in the first quarter. Invesco Ltd. now owns 3,788,625 shares of the financial services provider’s stock worth $107,710,000 after buying an additional 728,105 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts have weighed in on OUT shares. Morgan Stanley reduced their price objective on Outfront Media from $22.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Monday, December 19th. StockNews.com cut Outfront Media from a “hold” rating to a “sell” rating in a research note on Friday, November 4th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Outfront Media currently has a consensus rating of “Hold” and an average target price of $27.25.

Outfront Media Trading Up 2.6 %

OUT opened at $18.47 on Monday. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 20.99, a P/E/G ratio of 0.90 and a beta of 1.64. The stock’s 50 day moving average price is $17.59 and its 200-day moving average price is $17.60. Outfront Media Inc. has a one year low of $14.97 and a one year high of $29.36. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.82 and a current ratio of 0.82.

Outfront Media Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, December 2nd were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, December 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.50%. Outfront Media’s dividend payout ratio is 136.37%.

Outfront Media Profile

(Get Rating)

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

Want to see what other hedge funds are holding OUT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Outfront Media Inc. (NYSE:OUTGet Rating).

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

Receive News & Ratings for Outfront Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Outfront Media and related companies with MarketBeat.com's FREE daily email newsletter.