Skip to Content

Assenagon Asset Management S.A. Buys Newell Brands Inc. (NASDAQ:NWL)

Assenagon Asset Management S.A. Buys Newell Brands Inc. (NASDAQ:NWL)

According to the most recent Form 13F filing that Assenagon Asset Management S.A. did with the Securities and Exchange Commission, the company increased its holdings in Newell Brands Inc. (NASDAQ: NWL) during the third quarter of this year. To acquire 11,245 shares of the company’s stock, the investment fund forked over close to $156,000 in total expenditures.

In recent times, several other institutional investors and hedge funds have conducted buying and selling transactions involving NWL shares. A new investment in Newell Brands was made by Fairfield Bush & Co. during the first three months of 2018 at a total cost of approximately $26,000. During the first three months of 2018, HighTower Advisors LLC made a 4.5% purchase of additional Newell Brands stock, increasing the percentage of the company’s stock it owned. HighTower Advisors LLC now has 18,847 shares of the company’s stock, worth a combined total of $401,000 after purchasing an additional 808 shares during the preceding quarter. The company purchased these 18,847 shares. Private Advisor Group LLC purchased five percent of Newell Brands’ shares during the first three months of 2018. Following the acquisition of 593 shares during the most recent fiscal quarter, Private Advisor Group LLC now holds 12,567 shares of the corporation’s common stock. The total value of the stock holdings held by Private Advisor Group LLC is $269,00 (up from 11,560). During the first three months of this year, MetLife Investment Management LLC increased the total number of shares of Newell Brands owned by 23.2%. After purchasing an additional 19,395 shares during the most recent quarter, MetLife Investment Management LLC now directly owns 103,044 shares of the company’s stock, which is $2,206,000. This brings the total number of shares directly held by the company to 103,044. And finally, during the first three months of this year, Panagora Asset Management Inc. increased the amount of Newell Brands stock owned by 57.9%, bringing its total ownership percentage to 100%. Panagora Asset Management Inc. bought an additional 28,656 shares of the company’s stock during the most recent quarter, bringing the total number of shares it owns to 78,161 at a value of $1,673,000. This brings the total number of shares that it has in the business to 78,161. There is a majority stake in the company held by institutional investors, which account for 92.31% of the company’s shares.

Several distinct research companies have provided recent statements about NWL. The coverage of Newell Brands on began on October 12 with the publication of a report, which was the first article in the series. They recommended that shareholders “hold” their shares of the company. Deutsche Bank Aktiengesellschaft lowered its “hold” rating and target price on Newell Brands from $16.00 to $15.00 in a research report made public on Tuesday, December 6. It was about Newell Brands that the report was talking about. In a research report made available to the public on November 4, Trust Financial announced that they had decreased their target price for Newell Brands from $35.00 to $20.00. This was done in response to recent market events. JPMorgan Chase & Co. increased their target price on Newell Brands from $16.00 to $18.00 and rated the stock as “overweight” in a research report published on Friday, January 13. The investment firm Raymond James gave the company a “strong-buy” rating; however, a report released on Wednesday, October 19, stated that their price objective for Newell Brands had decreased from $23.00 to $20.00. Despite this, an “extremely strong buy” rating was assigned to the company. There was a recommendation to sell the stock made by one analyst, a recommendation to keep the stock made by four analysts, a recommendation to buy the stock made by three analysts, and a strong recommendation to buy the stock made by one analyst. According to information made available by Bloomberg, the consensus regarding Newell Brands is to “Hold” the stock, and the price target has been established at $18.11.

Thursday was the first-day NWL stock was available for trading, and the opening price was $15.08. The price-to-earnings ratio and the beta value for the company come in at 0.82. The ratio for the company is 11.34. The company’s total value, as represented by its market capitalization, is $6.24 billion. The values are as follows: a quick ratio of 0.64, a current ratio of 1.25, and a debt-to-equity ratio of 1.26. Over the previous year, Newell Brands Inc.’s share price has ranged from its all-time low of $12.24 to its all-time high of $26.45. Over the last 50 days, the moving average price of the company was $13.49, and over the last 200 days, it was $15.52.

On Friday, October 28, the most recent earnings report for Newell Brands, publicly traded and whose stock is denoted by the NASDAQ: NWL, was made available to the public. The company reported earnings of $0.53 per share for the quarter, which is $0.06 more than the consensus estimate of $0.47 per share among market experts. The revenue for the company for the quarter came in at $2.25 billion, which is the same amount that was forecast by the market on average before the beginning of the quarter. Newell Brands had a return on equity of 20.03%, while the company only had a net margin of 5.66%. Compared to what it was during the same quarter of the previous year, the revenue for this quarter was 19.2% lower. In the same period as the previous year, the company posted earnings per share of $0.54. Earnings of $1.58 per share are anticipated to be generated by Newell Brands Inc. during the current fiscal year, as predicted by market analysts.

In addition, the company announced a quarterly dividend, and on December 15, that dividend was paid out to s

Leave a comment

Your email address will not be published. Required fields are marked *