170,438 Shares in OUTFRONT Media Inc. $OUT Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new stake in OUTFRONT Media Inc. (NYSE:OUT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 170,438 shares of the financial services provider’s stock, valued at approximately $4,109,000.

A number of other institutional investors also recently added to or reduced their stakes in OUT. Advisory Services Network LLC purchased a new position in OUTFRONT Media in the third quarter worth $29,000. Farther Finance Advisors LLC lifted its holdings in OUTFRONT Media by 157.6% in the fourth quarter. Farther Finance Advisors LLC now owns 2,339 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 1,431 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of OUTFRONT Media during the 4th quarter worth $71,000. IFP Advisors Inc boosted its position in shares of OUTFRONT Media by 16.5% during the 3rd quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 582 shares in the last quarter. Finally, State of Wyoming boosted its position in shares of OUTFRONT Media by 155.5% during the 2nd quarter. State of Wyoming now owns 7,973 shares of the financial services provider’s stock worth $130,000 after purchasing an additional 4,853 shares in the last quarter.

OUTFRONT Media Stock Up 1.9%

OUT opened at $33.81 on Friday. The business’s fifty day moving average is $32.06 and its two-hundred day moving average is $28.45. The company has a debt-to-equity ratio of 3.90, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market cap of $5.95 billion, a price-to-earnings ratio of 32.20, a PEG ratio of 1.57 and a beta of 1.48. OUTFRONT Media Inc. has a one year low of $16.64 and a one year high of $34.96.

OUTFRONT Media (NYSE:OUT) last posted its earnings results on Thursday, May 7th. The financial services provider reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.06. OUTFRONT Media had a return on equity of 30.36% and a net margin of 9.98%.The company had revenue of $429.60 million for the quarter, compared to analyst estimates of $431.44 million. During the same quarter in the prior year, the company earned $0.14 earnings per share. OUTFRONT Media’s revenue was up 10.0% compared to the same quarter last year. Analysts anticipate that OUTFRONT Media Inc. will post 2.12 EPS for the current fiscal year.

OUTFRONT Media Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 5th were given a $0.30 dividend. The ex-dividend date was Friday, June 5th. This represents a $1.20 annualized dividend and a dividend yield of 3.5%. OUTFRONT Media’s payout ratio is currently 114.29%.

Insider Transactions at OUTFRONT Media

In related news, EVP Richard H. Sauer sold 5,000 shares of the stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $32.08, for a total value of $160,400.00. Following the sale, the executive vice president directly owned 56,947 shares of the company’s stock, valued at approximately $1,826,859.76. This represents a 8.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James Michael Norton bought 4,130 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were acquired at an average price of $30.81 per share, with a total value of $127,245.30. Following the completion of the acquisition, the executive vice president directly owned 4,130 shares in the company, valued at $127,245.30. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders sold 20,000 shares of company stock worth $629,600. 0.47% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on OUT shares. Barrington Research set a $38.00 price target on shares of OUTFRONT Media in a research note on Tuesday, May 12th. Wall Street Zen cut shares of OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Morgan Stanley set a $37.00 price objective on shares of OUTFRONT Media in a report on Friday, May 8th. Finally, TD Cowen restated a “buy” rating and set a $38.00 target price (up from $32.00) on shares of OUTFRONT Media in a research report on Tuesday, May 12th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, OUTFRONT Media has an average rating of “Moderate Buy” and a consensus price target of $30.71.

OUTFRONT Media Profile

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.