* FY profit falls 32% from last year, in line with consensus

* Final dividend A$3.85 apiece, below last year's A$4.50

* AUM at FY-end A$938.3 bln, up 7%

* Shares fall about 2% in early trade

May 3 (Reuters) - Australia's top investment bank Macquarie said its annual profit slumped by a third, the sharpest in 15 years, as a stabilisation in energy markets hammered its commodities trading division and it made less money selling green energy assets.

The Sydney-listed financial giant said on Friday profits in the year to March were impacted by a normalisation in commodity prices from a year earlier, less money made from selling green energy assets, and increased investment in green energy portfolios.

The firm's commodities and global markets (CGM) business - its top profit-generating arm that offers financing and lending services to clients dealing in commodity and financial markets - recorded an annual profit of A$3.21 billion, 47% lower than last year.

Profit contribution of its asset management business also nearly halved to A$1.21 billion.

As a result, the global infrastructure investor's profit attributable came in at A$3.52 billion ($2.31 billion), sharply below last year's A$5.18 billion. This was the company's steepest decline in annual profit since 2009.

However, it was largely in line with a Visible Alpha consensus of A$3.51 billion, according to UBS.

"Net net, headlines show an inline result albeit quality looks soft," analysts at Jarden wrote in a client note.

Junvum Kim, a senior sales trader at Saxo Asia Pacific, said, "macroeconomic instability persists as a major hurdle in reigniting growth."

Shares of Macquarie fell around 2% in opening trades before recovering slightly to trade 1.5% lower as of 0015 GMT.

Macquarie continues to maintain a cautious stance, the financial conglomerate said, with inflation, interest rates, "significant volatility events", and impact of geopolitical events affecting its short-term outlook.

However, CEO Shemara Wikramanayake said the group remained "well-positioned to deliver superior performance in the medium term".

Macquarie's assets under management grew 7%, to A$938.3 billion at the end of the fiscal year, helped by favourable market and foreign exchange movements.

The company declared a final dividend of A$3.85 per share, down from A$4.50 per share last year.

($1 = 1.5228 Australian dollars) (Reporting by Sameer Manekar and John Biju in Bengaluru and Byron Kaye in Sydney; Editing by Pooja Desai and Subhranshu Sahu)