Raymond James & Associates lessened its holdings in shares of Nielsen N.V. (NYSE:NLSN) by 33.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,206,900 shares of the business services provider’s stock after selling 593,939 shares during the quarter. Raymond James & Associates owned about 0.34% of Nielsen worth $43,931,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Nielsen by 72.9% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 10,221,478 shares of the business services provider’s stock worth $372,062,000 after buying an additional 4,310,880 shares during the period. Vontobel Asset Management Inc. increased its stake in shares of Nielsen by 51.2% during the fourth quarter. Vontobel Asset Management Inc. now owns 6,898,520 shares of the business services provider’s stock worth $257,335,000 after buying an additional 2,334,866 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Nielsen by 0.3% during the third quarter. Bank of New York Mellon Corp now owns 6,505,579 shares of the business services provider’s stock worth $269,656,000 after buying an additional 18,276 shares during the period. Mackenzie Financial Corp increased its stake in shares of Nielsen by 244.3% during the fourth quarter. Mackenzie Financial Corp now owns 6,116,264 shares of the business services provider’s stock worth $222,632,000 after buying an additional 4,339,943 shares during the period. Finally, Parnassus Investments CA increased its stake in shares of Nielsen by 107.5% during the fourth quarter. Parnassus Investments CA now owns 5,187,500 shares of the business services provider’s stock worth $188,825,000 after buying an additional 2,687,500 shares during the period. 98.08% of the stock is currently owned by institutional investors and hedge funds.
In other Nielsen news, CFO Jamere Jackson sold 19,000 shares of the firm’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $32.97, for a total value of $626,430.00. Following the completion of the sale, the chief financial officer now owns 81,848 shares of the company’s stock, valued at $2,698,528.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.67% of the stock is owned by company insiders.
Nielsen (NYSE:NLSN) last issued its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.71 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.04). Nielsen had a return on equity of 16.79% and a net margin of 6.53%. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period in the prior year, the business earned $0.44 earnings per share. Nielsen’s revenue for the quarter was up 6.3% compared to the same quarter last year. analysts anticipate that Nielsen N.V. will post 2.52 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 4.06%. The ex-dividend date is Tuesday, March 6th. Nielsen’s dividend payout ratio is presently 112.40%.
A number of analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Nielsen from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Credit Suisse Group dropped their price target on shares of Nielsen from $44.00 to $43.00 and set an “outperform” rating on the stock in a research note on Friday, February 9th. Barclays lowered shares of Nielsen from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $45.00 to $38.00 in a research note on Thursday, December 14th. Deutsche Bank set a $35.00 price target on shares of Nielsen and gave the company a “hold” rating in a research note on Wednesday, November 29th. Finally, Macquarie lowered shares of Nielsen from an “outperform” rating to a “neutral” rating and set a $38.00 price target on the stock. in a research note on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. Nielsen presently has an average rating of “Hold” and an average target price of $41.88.
WARNING: This piece was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of US & international copyright legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2018/03/14/raymond-james-associates-trims-stake-in-nielsen-n-v-nlsn.html.
Nielsen N.V. (Nielsen), formerly Nielsen Holdings N.V., is an information and measurement company. The Company is engaged in providing clients with an understanding of consumers and consumer behavior. The Company delivers media and marketing information, and analytics on a global and local basis. Nielsen operates through two business segments: Buy and Watch.
Want to see what other hedge funds are holding NLSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nielsen N.V. (NYSE:NLSN).
Receive News & Ratings for Nielsen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nielsen and related companies with MarketBeat.com's FREE daily email newsletter.