Financial Engines, Inc. (NASDAQ:FNGN) EVP Gina M. Cruse sold 3,655 shares of the company’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $36.30, for a total value of $132,676.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Financial Engines, Inc. (FNGN) opened at 36.85 on Friday. The firm’s 50-day moving average price is $33.55 and its 200 day moving average price is $37.43. Financial Engines, Inc. has a 1-year low of $25.00 and a 1-year high of $45.75. The stock has a market capitalization of $2.33 billion, a P/E ratio of 56.69 and a beta of 2.20.
Financial Engines (NASDAQ:FNGN) last issued 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). Financial Engines had a net margin of 8.98% and a return on equity of 7.31%. The company had revenue of $118.47 million during the quarter, compared to analyst estimates of $119.94 million. During the same quarter in the previous year, the firm earned $0.28 earnings per share. The business’s revenue was up 11.5% on a year-over-year basis. Analysts expect that Financial Engines, Inc. will post $1.38 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 20th were paid a $0.07 dividend. The ex-dividend date was Tuesday, September 19th. This represents a $0.28 dividend on an annualized basis and a yield of 0.76%. Financial Engines’s payout ratio is currently 43.75%.
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A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its stake 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 valued at $310,848,000 after acquiring an additional 7,133,365 shares during the period. Baillie Gifford & Co. boosted its stake in Financial Engines by 0.7% in the second quarter. Baillie Gifford & Co. now owns 5,599,838 shares of the asset manager’s stock valued at $204,954,000 after acquiring an additional 40,874 shares during the period. Vanguard Group Inc. boosted its stake in Financial Engines by 5.3% in the second quarter. Vanguard Group Inc. now owns 5,221,858 shares of the asset manager’s stock valued at $191,120,000 after acquiring an additional 261,539 shares during the period. Janus Henderson Group PLC acquired a new position in Financial Engines in the second quarter valued at approximately $106,955,000. Finally, Clearbridge Investments LLC boosted its stake in Financial Engines by 7.2% in the first quarter. Clearbridge Investments LLC now owns 1,867,304 shares of the asset manager’s stock valued at $81,321,000 after acquiring an additional 125,382 shares during the period.
A number of analysts recently issued reports on FNGN shares. DA Davidson started coverage on Financial Engines in a research report on Wednesday, June 21st. They issued a “buy” rating and a $44.00 target price for the company. BidaskClub cut Financial Engines from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 1st. Sidoti started coverage on Financial Engines in a research report on Monday, July 10th. They issued a “buy” rating for the company. Zacks Investment Research raised Financial Engines from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Wednesday, July 12th. Finally, Barclays PLC started coverage on Financial Engines in a research report on Friday, September 8th. They issued an “overweight” rating and a $38.00 target price for the company. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. Financial Engines currently has a consensus rating of “Buy” and a consensus target price of $42.50.
About Financial Engines
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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