Cadence Capital Management LLC Grows Stake in Nielsen Holdings PLC (NLSN)

Cadence Capital Management LLC grew its stake in shares of Nielsen Holdings PLC (NYSE:NLSN) by 81.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 67,835 shares of the business services provider’s stock after acquiring an additional 30,425 shares during the period. Cadence Capital Management LLC’s holdings in Nielsen were worth $1,876,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FMR LLC boosted its holdings in Nielsen by 135.2% in the 2nd quarter. FMR LLC now owns 21,740,698 shares of the business services provider’s stock worth $672,439,000 after buying an additional 12,496,283 shares during the period. River Road Asset Management LLC lifted its stake in Nielsen by 35.9% in the 3rd quarter. River Road Asset Management LLC now owns 1,999,046 shares of the business services provider’s stock worth $55,294,000 after purchasing an additional 527,936 shares in the last quarter. ING Groep NV purchased a new stake in Nielsen in the 2nd quarter worth approximately $465,000. Fox Run Management L.L.C. purchased a new stake in Nielsen in the 2nd quarter worth approximately $537,000. Finally, Northern Trust Corp lifted its stake in Nielsen by 5.2% in the 2nd quarter. Northern Trust Corp now owns 3,997,795 shares of the business services provider’s stock worth $123,652,000 after purchasing an additional 198,492 shares in the last quarter. 95.57% of the stock is owned by institutional investors.

NYSE NLSN opened at $26.46 on Friday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $9.53 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 1.45 and a beta of 0.88. Nielsen Holdings PLC has a 1 year low of $20.53 and a 1 year high of $39.25.

Nielsen (NYSE:NLSN) last posted its quarterly earnings data on Thursday, October 25th. The business services provider reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Nielsen had a net margin of 4.85% and a return on equity of 14.56%. As a group, research analysts forecast that Nielsen Holdings PLC will post 1.95 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 5th. Stockholders of record on Wednesday, November 21st will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 5.29%. The ex-dividend date of this dividend is Tuesday, November 20th. Nielsen’s dividend payout ratio (DPR) is currently 66.35%.

Several analysts have issued reports on NLSN shares. Zacks Investment Research cut shares of Nielsen from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 31st. Pivotal Research lowered their target price on shares of Nielsen from $35.00 to $27.00 and set a “buy” rating on the stock in a research note on Thursday, July 26th. Needham & Company LLC lowered their target price on shares of Nielsen to $30.00 and set a “buy” rating on the stock in a research note on Friday, July 27th. Citigroup lowered their target price on shares of Nielsen from $41.00 to $29.00 and set a “buy” rating on the stock in a research note on Monday, August 20th. Finally, Robert W. Baird increased their target price on shares of Nielsen from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, August 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $29.67.

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About Nielsen

Nielsen Holdings plc, together with its subsidiaries, operates as an information and measurement company. It operates through Buy and Watch segments. The company provides media and marketing information, analytics, and manufacturer and retailer expertise about what and where consumers buy, read, watch, and listen.

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Institutional Ownership by Quarter for Nielsen (NYSE:NLSN)

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