Axa Has $5.39 Million Stake in OUTFRONT Media Inc. (OUT)

Axa raised its stake in OUTFRONT Media Inc. (NYSE:OUT) by 1,057.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 233,200 shares of the financial services provider’s stock after purchasing an additional 213,050 shares during the quarter. Axa owned 0.17% of OUTFRONT Media worth $5,392,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of OUT. JPMorgan Chase & Co. grew its holdings in shares of OUTFRONT Media by 7.3% in the second quarter. JPMorgan Chase & Co. now owns 14,230,026 shares of the financial services provider’s stock valued at $328,999,000 after acquiring an additional 973,398 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of OUTFRONT Media by 8.3% in the first quarter. Vanguard Group Inc. now owns 11,150,528 shares of the financial services provider’s stock valued at $296,046,000 after acquiring an additional 855,888 shares in the last quarter. BlackRock Inc. grew its holdings in shares of OUTFRONT Media by 6,693.0% in the first quarter. BlackRock Inc. now owns 7,335,438 shares of the financial services provider’s stock valued at $194,756,000 after acquiring an additional 7,227,453 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of OUTFRONT Media by 69.8% in the second quarter. Daiwa Securities Group Inc. now owns 3,864,333 shares of the financial services provider’s stock valued at $89,343,000 after acquiring an additional 1,589,096 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of OUTFRONT Media by 17.2% in the first quarter. Bank of New York Mellon Corp now owns 3,021,065 shares of the financial services provider’s stock valued at $80,209,000 after acquiring an additional 443,584 shares in the last quarter.

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OUTFRONT Media Inc. (NYSE OUT) opened at 21.63 on Friday. OUTFRONT Media Inc. has a one year low of $21.00 and a one year high of $27.89. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 28.88 and a beta of 1.14. The firm’s 50-day moving average price is $22.01 and its 200 day moving average price is $23.82.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.44 dividend on an annualized basis and a yield of 6.66%. OUTFRONT Media’s dividend payout ratio is presently 189.48%.

Several equities analysts have recently issued reports on OUT shares. Zacks Investment Research raised OUTFRONT Media from a “sell” rating to a “hold” rating in a report on Monday, July 10th. Barrington Research reaffirmed an “outperform” rating and issued a $26.00 target price (down from $29.00) on shares of OUTFRONT Media in a report on Monday, August 14th. ValuEngine lowered OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. BidaskClub lowered OUTFRONT Media from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. Finally, Loop Capital raised OUTFRONT Media from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Monday, June 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $29.71.

About OUTFRONT Media

OUTFRONT Media Inc is a real estate investment trust (REIT), which provides advertising space (displays) on out-of-home advertising structures and sites in the United States and Canada. The Company’s segments are U.S. Media and Other. The U.S. Media segment includes U.S. Billboard and Transit. The Other segment includes International and Sports Marketing.

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

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