Clinton Group Inc. Reduces Position in Nielsen N.V. (NLSN)
Clinton Group Inc. decreased its stake in Nielsen N.V. (NYSE:NLSN) by 93.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,465 shares of the business services provider’s stock after selling 218,083 shares during the period. Clinton Group Inc.’s holdings in Nielsen N.V. were worth $637,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. First Interstate Bank bought a new position in Nielsen N.V. in the 2nd quarter valued at approximately $124,000. Creative Planning lifted its stake in Nielsen N.V. by 3.0% in the 2nd quarter. Creative Planning now owns 3,593 shares of the business services provider’s stock valued at $139,000 after purchasing an additional 103 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Nielsen N.V. by 2.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,620 shares of the business services provider’s stock valued at $140,000 after purchasing an additional 87 shares during the last quarter. Advisor Group Inc. lifted its stake in Nielsen N.V. by 26.6% in the 2nd quarter. Advisor Group Inc. now owns 4,028 shares of the business services provider’s stock valued at $156,000 after purchasing an additional 847 shares during the last quarter. Finally, IBM Retirement Fund lifted its stake in Nielsen N.V. by 33.3% in the 2nd quarter. IBM Retirement Fund now owns 5,351 shares of the business services provider’s stock valued at $207,000 after purchasing an additional 1,336 shares during the last quarter. 96.29% of the stock is owned by institutional investors and hedge funds.
In other Nielsen N.V. news, insider Stephen Hasker sold 20,930 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $43.00, for a total value of $899,990.00. Following the completion of the transaction, the insider now directly owns 79,341 shares in the company, valued at approximately $3,411,663. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Karen M. Hoguet sold 18,620 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $39.01, for a total transaction of $726,366.20. Following the completion of the transaction, the director now owns 44,080 shares of the company’s stock, valued at $1,719,560.80. The disclosure for this sale can be found here. Insiders sold a total of 43,312 shares of company stock valued at $1,811,484 over the last 90 days. Company insiders own 0.67% of the company’s stock.
NLSN has been the subject of several research reports. TheStreet raised shares of Nielsen N.V. from a “c” rating to a “b-” rating in a research note on Monday, July 31st. BidaskClub raised shares of Nielsen N.V. from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. Needham & Company LLC reissued a “buy” rating and issued a $55.00 price objective on shares of Nielsen N.V. in a research note on Tuesday, September 12th. Zacks Investment Research raised shares of Nielsen N.V. from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Friday, July 28th. Finally, Pivotal Research reissued a “hold” rating and issued a $38.00 price objective on shares of Nielsen N.V. in a research note on Sunday, September 10th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $46.64.
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Shares of Nielsen N.V. (NYSE NLSN) opened at 41.15 on Friday. Nielsen N.V. has a 52-week low of $36.96 and a 52-week high of $54.99. The stock’s 50 day moving average is $39.96 and its 200 day moving average is $39.96. The firm has a market capitalization of $14.67 billion, a PE ratio of 29.99 and a beta of 0.99.
Nielsen N.V. (NYSE:NLSN) last posted its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.49 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.14). Nielsen N.V. had a net margin of 7.68% and a return on equity of 15.96%. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the company earned $0.31 earnings per share. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts forecast that Nielsen N.V. will post $2.60 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Thursday, August 24th were issued a $0.34 dividend. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $1.36 annualized dividend and a yield of 3.30%. Nielsen N.V.’s dividend payout ratio (DPR) is presently 99.27%.
Nielsen N.V. Profile
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.
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