Financial Engines, Inc. (NASDAQ:FNGN) insider Jeffrey C. Grace sold 7,783 shares of the stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $36.83, for a total transaction of $286,647.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Financial Engines, Inc. (FNGN) traded down 1.89% during mid-day trading on Tuesday, reaching $36.25. 99,868 shares of the company traded hands. Financial Engines, Inc. has a 52 week low of $25.00 and a 52 week high of $45.75. The stock has a market capitalization of $2.29 billion, a PE ratio of 55.77 and a beta of 2.20. The firm has a 50 day moving average of $33.69 and a 200-day moving average of $37.35.
Financial Engines (NASDAQ:FNGN) last announced its earnings results on Tuesday, August 8th. The asset manager reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.02). The firm had revenue of $118.47 million during the quarter, compared to the consensus estimate of $119.94 million. Financial Engines had a return on equity of 7.31% and a net margin of 8.98%. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 earnings per share. On average, equities research analysts expect that Financial Engines, Inc. will post $1.38 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 20th were issued a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, September 19th. This represents a $0.28 dividend on an annualized basis and a yield of 0.77%. Financial Engines’s dividend payout ratio is presently 43.75%.
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Several research analysts recently issued reports on the stock. DA Davidson assumed coverage on shares of Financial Engines in a research note on Wednesday, June 21st. They issued a “buy” rating and a $44.00 price target for the company. Barclays PLC assumed coverage on shares of Financial Engines in a research note on Friday, September 8th. They issued an “overweight” rating and a $38.00 price target for the company. Zacks Investment Research lowered shares of Financial Engines from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. BidaskClub lowered shares of Financial Engines from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 1st. Finally, Sidoti assumed coverage on shares of Financial Engines in a research note on Monday, July 10th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $42.50.
A number of institutional investors have recently made changes to their positions in FNGN. BlackRock Inc. raised its holdings in Financial Engines by 163,234.9% in the first quarter. BlackRock Inc. now owns 7,137,735 shares of the asset manager’s stock worth $310,848,000 after purchasing an additional 7,133,365 shares in the last quarter. Janus Henderson Group PLC bought a new position in Financial Engines in the second quarter worth about $106,955,000. Vanguard Group Inc. raised its holdings in Financial Engines by 11.3% in the first quarter. Vanguard Group Inc. now owns 4,960,319 shares of the asset manager’s stock worth $216,023,000 after purchasing an additional 504,246 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Financial Engines by 44.5% in the second quarter. Dimensional Fund Advisors LP now owns 763,937 shares of the asset manager’s stock worth $27,960,000 after purchasing an additional 235,185 shares in the last quarter. Finally, State Street Corp raised its holdings in Financial Engines by 10.7% in the first quarter. State Street Corp now owns 1,326,685 shares of the asset manager’s stock worth $57,777,000 after purchasing an additional 128,770 shares in the last quarter.
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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