Legal & General Group Plc Lowers Position in OUTFRONT Media Inc. (NYSE:OUT)

Legal & General Group Plc lowered its stake in OUTFRONT Media Inc. (NYSE:OUT) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 400,903 shares of the financial services provider’s stock after selling 5,512 shares during the quarter. Legal & General Group Plc’s holdings in OUTFRONT Media were worth $7,112,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Bank of Montreal Can boosted its holdings in OUTFRONT Media by 125.8% in the 4th quarter. Bank of Montreal Can now owns 41,563 shares of the financial services provider’s stock worth $737,000 after buying an additional 23,159 shares during the period. FMR LLC grew its position in shares of OUTFRONT Media by 132.5% during the fourth quarter. FMR LLC now owns 15,604,202 shares of the financial services provider’s stock worth $276,819,000 after purchasing an additional 8,892,411 shares in the last quarter. Federated Hermes Inc. raised its stake in OUTFRONT Media by 74.8% during the 4th quarter. Federated Hermes Inc. now owns 645,456 shares of the financial services provider’s stock valued at $11,450,000 after purchasing an additional 276,187 shares during the period. Russell Investments Group Ltd. lifted its holdings in OUTFRONT Media by 140.9% in the 4th quarter. Russell Investments Group Ltd. now owns 477,405 shares of the financial services provider’s stock worth $8,469,000 after purchasing an additional 279,212 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC bought a new position in OUTFRONT Media in the 4th quarter worth approximately $282,000.

OUTFRONT Media Trading Up 2.2 %

Shares of OUT opened at $14.47 on Friday. OUTFRONT Media Inc. has a 1 year low of $12.95 and a 1 year high of $19.98. The company has a 50 day simple moving average of $16.55 and a two-hundred day simple moving average of $17.99. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market cap of $2.42 billion, a P/E ratio of 10.31, a price-to-earnings-growth ratio of 1.06 and a beta of 1.79.

OUTFRONT Media (NYSE:OUT) last posted its earnings results on Tuesday, February 25th. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.06. The company had revenue of $493.20 million during the quarter, compared to analysts’ expectations of $490.42 million. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. On average, equities analysts expect that OUTFRONT Media Inc. will post 1.59 earnings per share for the current fiscal year.

OUTFRONT Media Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a $0.30 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.20 annualized dividend and a dividend yield of 8.29%. OUTFRONT Media’s dividend payout ratio (DPR) is 81.63%.

OUTFRONT Media Company Profile

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.