Bamco Inc. NY trimmed its position in shares of Financial Engines (NASDAQ:FNGN) by 0.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,486,047 shares of the asset manager’s stock after selling 22,434 shares during the period. Bamco Inc. NY owned about 7.07% of Financial Engines worth $157,012,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of FNGN. Thrivent Financial for Lutherans raised its stake in Financial Engines by 8.1% in the first quarter. Thrivent Financial for Lutherans now owns 42,443 shares of the asset manager’s stock worth $1,486,000 after buying an additional 3,179 shares in the last quarter. Quantum Capital Management bought a new position in Financial Engines in the first quarter worth about $202,000. Schwab Charles Investment Management Inc. raised its stake in Financial Engines by 3.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 308,932 shares of the asset manager’s stock worth $10,813,000 after buying an additional 10,076 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Financial Engines by 45.5% in the first quarter. Robeco Institutional Asset Management B.V. now owns 207,000 shares of the asset manager’s stock worth $7,245,000 after buying an additional 64,719 shares in the last quarter. Finally, Swiss National Bank raised its stake in Financial Engines by 3.9% in the first quarter. Swiss National Bank now owns 110,000 shares of the asset manager’s stock worth $3,850,000 after buying an additional 4,100 shares in the last quarter.
In other news, EVP Gina M. Cruse sold 3,010 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $35.45, for a total transaction of $106,704.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO John Bunch sold 5,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $35.00, for a total transaction of $175,000.00. Following the sale, the chief operating officer now owns 15,586 shares in the company, valued at approximately $545,510. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,582 shares of company stock worth $1,259,166. Corporate insiders own 3.00% of the company’s stock.
Financial Engines (NASDAQ:FNGN) last announced its quarterly earnings data on Wednesday, May 9th. The asset manager reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.04. The business had revenue of $127.80 million for the quarter, compared to analysts’ expectations of $126.28 million. Financial Engines had a net margin of 10.53% and a return on equity of 8.80%. The business’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.33 earnings per share. equities analysts expect that Financial Engines will post 1.33 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 6th. Stockholders of record on Friday, June 22nd will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, June 21st. Financial Engines’s payout ratio is 31.07%.
A number of equities research analysts have weighed in on the stock. TheStreet upgraded shares of Financial Engines from a “c+” rating to a “b-” rating in a report on Wednesday, March 14th. Zacks Investment Research upgraded shares of Financial Engines from a “strong sell” rating to a “hold” rating in a report on Thursday. ValuEngine upgraded shares of Financial Engines from a “sell” rating to a “hold” rating in a report on Tuesday, May 1st. William Blair cut shares of Financial Engines from an “outperform” rating to a “market perform” rating in a report on Monday, April 30th. Finally, Jefferies Group cut shares of Financial Engines from a “buy” rating to a “hold” rating in a report on Tuesday, May 1st. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $37.50.
Financial Engines Company Profile
Financial Engines, Inc provides independent technology-enabled financial advisory, discretionary portfolio management, personalized investment advice, financial and retirement income planning, and financial education and guidance services in the United States. It assists individuals to develop a strategy to reach financial goals by offering a set of services, including personalized plans for saving and investing, assessments of retirement income, and the option to meet face-to-face with a financial advisor.
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