KBC Group NV lowered its holdings in shares of Nielsen Holdings plc (NYSE:NLSN) by 39.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 285,155 shares of the business services provider’s stock after selling 185,874 shares during the quarter. KBC Group NV owned about 0.08% of Nielsen worth $7,172,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in Nielsen in the 4th quarter worth $104,315,000. Morgan Stanley raised its holdings in Nielsen by 63.9% in the 4th quarter. Morgan Stanley now owns 11,160,270 shares of the business services provider’s stock worth $232,915,000 after acquiring an additional 4,349,119 shares during the period. Ariel Investments LLC raised its holdings in Nielsen by 44.2% in the 4th quarter. Ariel Investments LLC now owns 10,927,743 shares of the business services provider’s stock worth $228,062,000 after acquiring an additional 3,348,224 shares during the period. Lazard Asset Management LLC raised its holdings in Nielsen by 61.2% in the 4th quarter. Lazard Asset Management LLC now owns 6,814,422 shares of the business services provider’s stock worth $142,216,000 after acquiring an additional 2,586,463 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Nielsen by 29.9% in the 4th quarter. Bank of New York Mellon Corp now owns 3,289,335 shares of the business services provider’s stock worth $68,649,000 after acquiring an additional 757,747 shares during the period.
NLSN has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Nielsen from a “strong sell” rating to a “hold” rating and set a $24.00 target price on the stock in a report on Tuesday, February 9th. Citigroup raised their price target on shares of Nielsen from $22.00 to $27.00 in a research report on Thursday, January 28th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Nielsen from $18.00 to $29.00 and gave the stock a “hold” rating in a research report on Friday, March 19th. Truist raised their price target on shares of Nielsen from $20.00 to $26.00 in a research report on Monday, March 1st. Finally, Morgan Stanley boosted their price target on shares of Nielsen from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, March 10th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Nielsen has an average rating of “Buy” and a consensus target price of $24.60.
Nielsen (NYSE:NLSN) last issued its quarterly earnings data on Thursday, February 25th. The business services provider reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.10. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.63 billion. Nielsen had a negative net margin of 2.38% and a positive return on equity of 22.28%. The company’s revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 earnings per share. Analysts predict that Nielsen Holdings plc will post 1.45 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 17th. Investors of record on Thursday, June 3rd will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Wednesday, June 2nd. Nielsen’s dividend payout ratio is 14.20%.
Nielsen Company Profile
Nielsen Holdings Plc engages in the provision of global marketing data collection and analytics services. It operates through the Connect, Media, and Corporate business segments. The Connect segment consists principally of market research information and analytical services. The Media segment handles television, radio, online and mobile audience and advertising measurement, and corresponding analytics.
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