KN.PA - Natixis S.A.

Paris - Paris Delayed Price. Currency in EUR
3.9640
+0.0010 (+0.03%)
At close: 5:37PM CEST
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Previous Close3.9630
Open3.9400
BidN/A x N/A
AskN/A x N/A
Day's Range3.9200 - 3.9800
52 Week Range3.2620 - 5.4340
Volume5,194,029
Avg. Volume5,929,321
Market Cap12.489B
Beta (3Y Monthly)1.21
PE Ratio (TTM)7.38
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.30 (7.66%)
Ex-Dividend Date2019-05-31
1y Target EstN/A
  • Natixis (EPA:KN) Shareholders Received A Total Return Of -16% In The Last Year
    Simply Wall St.

    Natixis (EPA:KN) Shareholders Received A Total Return Of -16% In The Last Year

    It's easy to match the overall market return by buying an index fund. But if you buy individual stocks, you can do...

  • Moody's

    BPCE Home Loans FCT 2019 -- Moody's assigns provisional Aaa (sf) to Notes to be issued by BPCE Home Loans FCT 2019

    Moody's does not rate the EUR [100,000,000] Class B Asset-Backed Fixed Rate Notes due October 2054. The assets supporting the Class A Notes consist of French prime residential home loans backed by first economic lien mortgages or equivalent third-party eligible guarantees "prêt cautionné", hereafter called "caution-loans". The rating of the Class A Notes is based on an analysis of the characteristics of the underlying pool of home loans, sector wide and originator specific performance data, protection provided by credit enhancement, the roles of external counterparties and the structural integrity of the transaction.

  • Moody's

    Chrome Funding Ltd Series 18 -- Moody's upgrades rating on Repack Notes of Chrome Funding Ltd Series 18

    This transaction represents a repackaging of a bond issued by Caisse Regionale de Credit Agricole Mutuel du Morbihan (CRCAM du Morbihan) (senior unsecured MTN rating: (P)Aa3, upgraded to (P)Aa3 from (P)A1 on 19 September 2019), with the swap counterparty providing an asset swap. Moody's explained that the rating action taken today is the result of the rating action on Credit Agricole S.A., Credit Agricole Corporate and Investment Bank (CACIB) and the Caisses Regionales de Credit Agricole Mutuel (CRCAMs), on which the long-term deposit and senior unsecured debt ratings - where applicable - were upgraded to Aa3 from A1 on 19 September 2019.

  • Moody's

    Natinium Financial Products plc Series 2008-02 -- Moody's upgrades rating on Repack Notes of Natinium Financial Products plc Series 2008-02

    This transaction represents a repackaging of a of a bond issued by Caisse Regionale de Credit Agricole Mutuel de Normandie (CRCAM de Normandie) (senior unsecured MTN rating: (P)Aa3, upgraded to (P)Aa3 from (P)A1 on 19 September 2019), with the swap counterparty providing an asset swap. Moody's explained that the rating action taken today is the result of the rating action on Credit Agricole S.A., Credit Agricole Corporate and Investment Bank (CACIB) and the Caisses Regionales de Credit Agricole Mutuel (CRCAMs), on which the long-term deposit and senior unsecured debt ratings -where applicable - were upgraded to Aa3 from A1 on 19 September 2019.

  • Macron Is Making a Push to Direct France’s Big Money Toward Tech
    Bloomberg

    Macron Is Making a Push to Direct France’s Big Money Toward Tech

    (Bloomberg) -- Emmanuel Macron is courting France’s big institutional investors in a bid to make the country more attractive to tech money -- and see Paris become the seat of a European Nasdaq index.In Paris on Tuesday, the French president is set to announce a multi-billion euro pledge by banks and insurers, including Axa SA, Natixis SA, Aviva Plc and Allianz SE, to invest in France’s tech companies, his office told reporters. The French daily, La Lettre A, said the commitment may amount to 5 billion euros ($5.5 billion) over three years, a report his office declined to confirm.It’s part of a broader push by Macron’s government to attract more investment for innovation. Other measures include eased regulations and tax cuts. His long-term goal is the creation of a European version of the tech-heavy Nasdaq index, if possible based in Paris, his office said.There’s still a long way to go for that to happen. In the first half of this year, France’s four growth equity operations raised 580 million euros, Data compiled by EY show. That compares with five operations in Germany reaching 1.13 billion euros in the same period and seven operations in the U.K. that amounted to 2.39 billion euros.Apart from attracting more growth equity funds, to see such an index in Paris, Macron has to create smoother exit options, a tech-friendly stock exchange and harmonized Europe-wide regulations.Investors have pledged to either inject more money in existing venture capital funds such as Idinvest and Partech, in a ‘fund of funds’ created by state-backed investor BpiFrance, or to create their own fund, an official in Macron’s office said, declining to be named in accordance with Elysee Palace rules.Innovation companies raised about 2.79 billion euros in the first half this year in France, compared to 1.95 billion euros over 2018, according to the EY data. France is catching up to the U.K., the region’s leader, which had 5.3 billion euros of venture capital and growth equity in the period.French and foreign investors and company leaders will mix Tuesday evening as Macron hosts one of his trademark tech diners. Companies invited include Founders Fund, Accel and Lightspeed Venture Partners, and also sovereign funds for Saudi Arabia, Singapore, Qatar, Kuwait and South Korea.To contact the reporter on this story: Helene Fouquet in Paris at hfouquet1@bloomberg.netTo contact the editors responsible for this story: Ben Sills at bsills@bloomberg.net, Caroline Alexander, Richard BravoFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Moody's

    Natixis Commercial Mortgage Securities Trust 2019-FAME -- Moody's assigns definitive ratings to nine CMBS classes of NCMS 2019-FAME

    Rating Action: Moody's assigns definitive ratings to nine CMBS classes of NCMS 2019- FAME. Global Credit Research- 05 Sep 2019. $193.3 million of structured securities affected.

  • Moody's

    Black Belt Energy Gas District (The) -- Moody's assigns A3 to Black Belt Energy Gas District Gas Prepay Revenue Bonds (Project No. 5), 2019 Series B

    Moody's Investors Service has assigned an A3 rating to The Black Belt Energy Gas District (the Issuer) Gas Prepay Revenue Bonds (Project No. 5), 2019 Series B-1, 2019 Series B-2, 2019 Series B-3 and 2019 Series B-4 (the Bonds).

  • How Many Natixis S.A. (EPA:KN) Shares Do Institutions Own?
    Simply Wall St.

    How Many Natixis S.A. (EPA:KN) Shares Do Institutions Own?

    Every investor in Natixis S.A. (EPA:KN) should be aware of the most powerful shareholder groups. Large companies...

  • Moody's

    Natixis Commercial Mortgage Securities Trust 2019-FAME -- Moody's assigns provisional ratings to nine CMBS classes of NCMS 2019-FAME

    Moody's approach to rating this transaction involved an application of Moody's Approach to Rating Large Loan and Single Asset/Single Borrower CMBS, Moody's Approach to Rating Structured Finance Interest Only (IO) Securities, and Moody's Approach to Rating Repackaged Securities. The structure's credit enhancement is quantified by the maximum deterioration in property value that the securities are able to withstand under various stress scenarios without causing an increase in the expected loss for various rating levels.

  • The Cost of H20's Misadventures in Illiquidity
    Bloomberg

    The Cost of H20's Misadventures in Illiquidity

    (Bloomberg Opinion) -- H2O Asset Management just filed the semi-annual report for one of its funds. It makes for fascinating reading, particularly if you happen to be a regulator concerned about investment products that offer clients daily redemption while at the same time as dabbling in hard-to-trade debt. If you’re a customer, however, you might want to question again what H2O has been doing with your money.A quick recap. In June, the Financial Times reported that H2O, one of Natixis SA’s asset managers, had stuffed its portfolios with bonds sold by companies related to German entrepreneur Lars Windhorst. The hard-to-trade nature of those securities prompted Morningstar to suspend its rating of one of H2O’s funds; by the end of the month, investors had pulled almost 8 billion euros ($8.8 billion) from them.On June 24, Natixis said the fund had switched to “record these securities at their transactional value in case of an immediate total sale, rather than recording them at their standard market value.” It turns out that those transactional values are way, way below their face values.Those figures are for the bonds in H2O’s Multibonds fund, and are for valuations assigned on June 28 – just over a week after the FT first detailed the asset manager’s excursion into illiquid debt. The Windhorst-related companies that sold the bonds include Italian lingerie maker La Perla and German residential real estate company Civitas Properties. The website for H20, which managed $32.5 billion at the end of 2018, doesn’t yet list the semi-annual reports for its other funds. But it’s clear that the more than 1 billion euros that the firm had lent to Windhorst by mid-year had been written down by between half and three-quarters.One of the steepest drops is for Tennor Finance BV, Windhorst’s renamed holding company, which was previously called Sapinda. H2O says the 100 million euros its Multibond fund owns of Tennor’s 5.75% notes repayable in 2024 are worth just 23.41 million euros. Data compiled by Bloomberg show that the notes were issued at 100% of face value on June 17 – less than two weeks before H20 revalued them at a discount of almost 77%. That’s a remarkably swift deterioration by anyone’s standards.Even the Tennor reappraisal, however, isn’t the biggest value drop H20 has suffered on its holdings. That honor is reserved for $155.5 million of bonds issued in June 2018 by ADS Securities, an Abu Dhabi brokerage firm. As of March, H20 owned $128 million of the issue, or 82% of it, after increasing its holdings twice from an initial $78 million in mid-2018, according to data compiled by Bloomberg.The Multibonds fund owned $15.55 million of face value of the securities as of the end of June. H2O lists them as being worth $3,343,483.52 – an impressively precise figure for a bond that appears never to trade. That marks a drop of almost 80% from their face value.ADS Securities is the only company that H2O has bought illiquid bonds from that Windhorst doesn’t own. But, as my Bloomberg News colleagues Sridhar Natarajan and Luca Casiraghi reported on June 27, ADS was entangled in a failed trade involving Windhorst, H2O and Goldman Sachs Group Inc. in 2016.In response to questions about the ADS bond investment, an external spokesman for H20 referred to a June statement, which said that the illiquid bonds bought by the fund “have indeed been referred to us by Lars Windhorst.”For H2O’s investors, those writedowns appear to have dented performance in June, the most recent month for which returns data is available on the company’s website. This chart shows the extent of the damage:H20 may end up being rewarded for its bravery. The illiquid bonds it owns are all scheduled to mature in the coming five years, and carry interest rates of between 4% and 8.25% – coupons that look increasingly attractive in a world where negative rates are increasingly the norm. And the year-to-date performance of its funds looks to have improved since mid-year. Moreover, the firm plans to create a new fund specifically designed to own what it calls “deep value” securities. But the speed and the severity of the markdowns is evidence that the greater rewards offered by hard-to-trade securities come with elevated risks – risks that the regulators may decide are higher than funds that offer daily redemption should be allowed to bear.To contact the author of this story: Mark Gilbert at magilbert@bloomberg.netTo contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Mark Gilbert is a Bloomberg Opinion columnist covering asset management. He previously was the London bureau chief for Bloomberg News. He is also the author of "Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable."For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Thomson Reuters StreetEvents

    Edited Transcript of KN.PA earnings conference call or presentation 2-Aug-19 7:00am GMT

    Half Year 2019 Natixis SA Earnings Call

  • Moody's

    Brignole CO 2019-1 S.r.l. -- Moody's assigns definitive ratings to Italian consumer loan ABS Notes issued by Brignole CO 2019-1 S.r.l.

    Rating Action: Moody's assigns definitive ratings to Italian consumer loan ABS Notes issued by Brignole CO 2019-1 S.r.l. Global Credit Research- 01 Aug 2019. London, 01 August 2019-- Moody's Investors ...

  • When Should You Buy Natixis S.A. (EPA:KN)?
    Simply Wall St.

    When Should You Buy Natixis S.A. (EPA:KN)?

    Today we're going to take a look at the well-established Natixis S.A. (EPA:KN). The company's stock saw a double-digit...

  • Reuters

    Exclusive: Apollo Global makes offer for France's Coface - sources

    The potential deal would allow Natixis, owned by French cooperative lender BPCE, to cash out on its remaining 42 percent stake in Coface following an initial public offering of the company in 2014. The deal talks between Apollo and Coface are at an early stage, and there is no certainty they will result in an agreement, the sources said, asking not to be identified because the matter is confidential. Coface did not immediately respond to a request for comment, while Apollo declined to comment.

  • Moody's

    Small Business Origination Loan Trust 2019-2 DAC -- Moody's assigns definitive ratings to four classes of SME notes issued by Small Business Origination Loan Trust 2019-2 DAC

    Moody's has not assigned ratings to GBP 24.36M Class E Floating Rate Asset-Backed Notes, GBP 11.59M Class X Floating Rate Asset-Backed Notes and GBP 11.59M Class Z Variable Rate Asset-Backed Notes which are also issued by the Issuer. SBOLT 2019-2 is a securitization backed by a static pool of small business loans originated through Funding Circle Ltd's ("Funding Circle") online lending platform and is the fourth transaction of its series.

  • Moody's

    Brignole CO 2019-1 S.r.l. -- Moody's assigns provisional ratings to Italian consumer loan ABS Notes to be issued by Brignole CO 2019-1 S.r.l.

    Rating Action: Moody's assigns provisional ratings to Italian consumer loan ABS Notes to be issued by Brignole CO 2019-1 S.r.l. Moody's has not assigned any ratings to the EUR [ ] Class F Asset Backed Floating Rate Notes due July 2034.

  • Moody's

    Polaris 2019-1 plc -- Moody's assigns definitive ratings to RMBS Notes issued by Polaris 2019-1 plc

    Rating Action: Moody's assigns definitive ratings to RMBS Notes issued by Polaris 2019-1 plc. Global Credit Research- 02 Jul 2019. GBP 262.4 million RMBS Notes rated, relating to a portfolio of UK residential ...

  • H2O? Woodford? Pah. Life Is Grand in Fundland
    Bloomberg

    H2O? Woodford? Pah. Life Is Grand in Fundland

    (Bloomberg Opinion) -- With the explosions that have rattled Natixis SA’s H2O Asset Management and Neil Woodford’s flagship fund dominating the headlines in recent weeks and months, it’s worth noting that the environment for the European fund management industry as a whole is actually not as bad as those idiosyncratic blow-ups might suggest.The share prices of the region’s biggest asset managers have bounced back from the trashing they underwent last year. That’s partly because of lingering expectations that the sector is overdue for a bout of mergers and acquisitions. But it also reflects the likelihood that clients have been putting money to work, reversing the outflows that the industry suffered last year.Amundi SA reckons that $100 billion was withdrawn from European mutual funds in the final three months of 2018. Figures just released by the European Fund and Asset Management Association and the Investment Company Institute show investment fund assets in the region grew by 6.8% in the first quarter compared to the fourth, rising to 15.77 trillion euros ($18 trillion).Equity gains are clearly helping to tempt investors back into the markets. The Stoxx Europe 600 Index is up by more than 13% this year, putting it on track to deliver its best first-half gain since 1998, according to figures compiled by my Bloomberg News colleague Namitha Jagadeesh:And in fixed income markets, expectations that the Federal Reserve will lead the way in prompting central banks to ease monetary policy anew have helped goose bond market returns around the world:Challenges for the industry persist. The concerns about illiquid holdings, that have prompted investors to withdraw billions of euros and pounds from portfolios managed by H20 and Woodford, look set to spark a new bout of oversight and rules from the regulators. And those two episodes will only accelerate the shift into low-cost index tracking funds, to the ongoing detriment of active managers.But for now, life is about as good as it’s going to get for European funds. The bad news? It’s likely to delay – yet again – the much-need and long-anticipated consolidation that the industry still sorely needs.To contact the author of this story: Mark Gilbert at magilbert@bloomberg.netTo contact the editor responsible for this story: Jennifer Ryan at jryan13@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Mark Gilbert is a Bloomberg Opinion columnist covering asset management. He previously was the London bureau chief for Bloomberg News. He is also the author of "Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable."For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.