Financial Engines, Inc. (NASDAQ:FNGN) insider Jeffrey C. Grace sold 7,718 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $37.63, for a total transaction of $290,428.34. Following the transaction, the insider now directly owns 4,140 shares of the company’s stock, valued at $155,788.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Financial Engines, Inc. (NASDAQ FNGN) traded down 1.57% during trading on Friday, reaching $31.25. The company’s stock had a trading volume of 493,304 shares. Financial Engines, Inc. has a 52-week low of $25.00 and a 52-week high of $45.75. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 48.08 and a beta of 2.22. The stock’s 50 day moving average price is $36.74 and its 200-day moving average price is $39.49.
Financial Engines (NASDAQ:FNGN) last announced its earnings results on Tuesday, August 8th. The asset manager reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $118.47 million during the quarter, compared to analysts’ expectations of $119.94 million. Financial Engines had a net margin of 8.98% and a return on equity of 7.31%. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.28 EPS. Equities analysts anticipate that Financial Engines, Inc. will post $1.37 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 20th will be paid a $0.07 dividend. The ex-dividend date is Tuesday, September 19th. This represents a $0.28 annualized dividend and a dividend yield of 0.90%. Financial Engines’s dividend payout ratio (DPR) is 43.75%.
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Institutional investors have recently modified their holdings of the company. UBS Asset Management Americas Inc. increased its position in shares of Financial Engines by 58.2% in the first quarter. UBS Asset Management Americas Inc. now owns 31,195 shares of the asset manager’s stock worth $1,359,000 after buying an additional 11,476 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Financial Engines by 36.6% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 318,457 shares of the asset manager’s stock worth $13,868,000 after buying an additional 85,289 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Financial Engines by 15.9% in the first quarter. Ameriprise Financial Inc. now owns 398,427 shares of the asset manager’s stock worth $17,352,000 after buying an additional 54,731 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Financial Engines by 32.8% in the first quarter. Goldman Sachs Group Inc. now owns 128,617 shares of the asset manager’s stock worth $5,601,000 after buying an additional 31,791 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its position in Financial Engines by 13.4% in the first quarter. Great West Life Assurance Co. Can now owns 81,460 shares of the asset manager’s stock valued at $3,543,000 after buying an additional 9,600 shares in the last quarter.
A number of research firms have recently weighed in on FNGN. TheStreet raised Financial Engines from a “c+” rating to a “b-” rating in a research note on Thursday, April 27th. Zacks Investment Research upgraded Financial Engines from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Wednesday, July 12th. Sidoti started coverage on Financial Engines in a research report on Monday, July 10th. They issued a “buy” rating on the stock. DA Davidson started coverage on Financial Engines in a report on Wednesday, June 21st. They set a “buy” rating and a $44.00 price target on the stock. Finally, BidaskClub cut Financial Engines from a “sell” rating to a “strong sell” rating in a report on Saturday, July 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. Financial Engines presently has an average rating of “Buy” and an average price target of $44.33.
Financial Engines Company Profile
Financial Engines, Inc is a provider of independent, technology-enabled financial advisory services, discretionary portfolio management, personalized investment advice, financial and retirement income planning, and financial education and guidance. The Company offers personalized plans for saving, investing, and generating retirement income, as well as by providing assessments of retirement income needs and readiness.
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