Simon Ppty Group INC New (SPG) Holder Amp Capital Investors LTD Has Trimmed Its Holding by $9.90 Million as Stock Value Declined

September 17, 2017 - By Richard Conner

Investors sentiment decreased to 0.88 in 2016 Q4. Its down 0.12, from 1 in 2016Q3. It dived, as 68 investors sold SPG shares while 231 reduced holdings. 67 funds opened positions while 196 raised stakes. 292.32 million shares or 2.43% less from 299.60 million shares in 2016Q3 were reported. Riverhead Cap Mngmt Ltd Liability Corporation owns 3,332 shares or 0.04% of their US portfolio. Independent Order Of Foresters holds 8.23% or 54,890 shares in its portfolio. Fiduciary Tru Communication reported 106,665 shares. Barrett Asset Mgmt holds 0.02% or 1,245 shares. Legal And General Gru Public Limited Com reported 2.05M shares stake. Commonwealth Financial Services Ltd Llc invested in 0.02% or 93 shares. Raymond James Trust Na holds 7,237 shares. Segment Wealth Mgmt Ltd Liability Co accumulated 2,323 shares or 0.15% of the stock. Arrow Corp reported 1,205 shares. Pub Employees Retirement Association Of Colorado invested 0.09% of its portfolio in Simon Property Group Inc (NYSE:SPG). 22,700 were accumulated by Assets Investment Ltd Liability Corporation. Echo Street Capital Mngmt Limited Com reported 0.39% in Simon Property Group Inc (NYSE:SPG). Toronto Dominion Bankshares holds 0.03% in Simon Property Group Inc (NYSE:SPG) or 55,186 shares. Fifth Third Bancshares has invested 0.14% in Simon Property Group Inc (NYSE:SPG). Maryland-based Lasalle Invest Mgmt Secs Limited Liability has invested 12.36% in Simon Property Group Inc (NYSE:SPG).

Since March 28, 2017, it had 1 buying transaction, and 0 sales for $232,400 activity. LEIBOWITZ REUBEN S had bought 1,400 shares worth $232,400.

Amp Capital Investors Ltd decreased its stake in Simon Ppty Group Inc New (SPG) by 2.67% based on its latest 2016Q4 regulatory filing with the SEC. Amp Capital Investors Ltd sold 56,557 shares as the company’s stock declined 12.82% while stock markets rallied. The institutional investor held 2.06 million shares of the consumer services company at the end of 2016Q4, valued at $362.14M, down from 2.11M at the end of the previous reported quarter. Amp Capital Investors Ltd who had been investing in Simon Ppty Group Inc New for a number of months, seems to be less bullish one the $51.22B market cap company. The stock increased 0.62% or $1.02 on September 15, reaching $164.77. About 2.81M shares traded or 84.87% up from the average. Simon Property Group Inc (NYSE:SPG) has declined 18.56% since September 17, 2016 and is downtrending. It has underperformed by 35.26% the S&P500.

Amp Capital Investors Ltd, which manages about $16.52B US Long portfolio, upped its stake in Hershey Co (NYSE:HSY) by 30,523 shares to 88,545 shares, valued at $9.21 million in 2016Q4, according to the filing. It also increased its holding in Zoetis Inc (NYSE:ZTS) by 67,350 shares in the quarter, for a total of 217,402 shares, and has risen its stake in Union Pac Corp (NYSE:UNP).

Wall Street await Simon Property Group Inc (NYSE:SPG) to release earnings on October, 25. Analysts forecast EPS of $2.87, up exactly $0.17 or 6.30 % from 2014’s $2.7 EPS. The expected SPG’s profit could reach $892.16M giving the stock 14.35 P/E in the case that $2.87 earnings per share is reported. After posting $2.47 EPS for the previous quarter, Simon Property Group Inc’s analysts now forecast 16.19 % EPS growth.

More notable recent Simon Property Group Inc (NYSE:SPG) news were published by: Newsday.com which released: “Simon Property settles with AG over ‘anticompetitive tactics'” on August 21, 2017, also Nasdaq.com with their article: “Simon Property (SPG) Unveils Mix-Use Project at Clearfolk” published on September 15, 2017, Seekingalpha.com published: “Here’s Lots Of Sun And NOI Growth” on August 22, 2017. More interesting news about Simon Property Group Inc (NYSE:SPG) were released by: Nasdaq.com and their article: “Simon Property (SPG) Centers Will Add Flying Tiger Outlets” published on September 08, 2017 as well as Fortune.com‘s news article titled: “Starbucks Is Being Sued Over Its Plans to Close Teavana Stores” with publication date: September 01, 2017.

Simon Property Group Inc (NYSE:SPG) Ratings Coverage

Among 17 analysts covering Simon Property Group (NYSE:SPG), 11 have Buy rating, 0 Sell and 6 Hold. Therefore 65% are positive. Simon Property Group has $266 highest and $170.0 lowest target. $208.29’s average target is 26.41% above currents $164.77 stock price. Simon Property Group had 51 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Wednesday, August 2 by Boenning & Scattergood. Barclays Capital maintained Simon Property Group Inc (NYSE:SPG) on Tuesday, July 18 with “Overweight” rating. The stock of Simon Property Group Inc (NYSE:SPG) has “Hold” rating given on Wednesday, August 26 by Zacks. The firm earned “Buy” rating on Thursday, August 25 by BTIG Research. The rating was maintained by Argus Research on Thursday, August 11 with “Buy”. The firm has “Overweight” rating by Barclays Capital given on Wednesday, August 5. On Monday, July 17 the stock rating was maintained by Jefferies with “Buy”. The stock of Simon Property Group Inc (NYSE:SPG) has “Sector Perform” rating given on Tuesday, November 1 by RBC Capital Markets. The stock of Simon Property Group Inc (NYSE:SPG) has “Buy” rating given on Monday, March 27 by Canaccord Genuity. Evercore maintained the shares of SPG in report on Tuesday, September 8 with “Buy” rating.

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