Financial Engines, Inc. (NASDAQ:FNGN) EVP Lewis Antone, Jr. sold 269 shares of the business’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $38.75, for a total value of $10,423.75. Following the completion of the sale, the executive vice president now directly owns 2,968 shares of the company’s stock, valued at $115,010. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Financial Engines, Inc. (NASDAQ FNGN) traded down 0.51% during trading on Tuesday, reaching $38.65. The company had a trading volume of 369,224 shares. The company has a market cap of $2.43 billion, a P/E ratio of 65.73 and a beta of 2.17. Financial Engines, Inc. has a 12-month low of $23.56 and a 12-month high of $45.75. The firm has a 50-day moving average of $39.69 and a 200-day moving average of $39.65.
Financial Engines (NASDAQ:FNGN) last announced its quarterly earnings data on Thursday, May 4th. The asset manager reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $114.10 million for the quarter, compared to analysts’ expectations of $115.78 million. Financial Engines had a net margin of 8.39% and a return on equity of 7.24%. The business’s revenue for the quarter was up 23.9% on a year-over-year basis. During the same period last year, the firm earned $0.24 earnings per share. On average, equities research analysts anticipate that Financial Engines, Inc. will post $1.36 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 6th. Stockholders of record on Wednesday, June 14th will be given a dividend of $0.07 per share. The ex-dividend date is Monday, June 12th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.72%. Financial Engines’s dividend payout ratio is 48.28%.
Several equities analysts have recently commented on the company. Zacks Investment Research raised Financial Engines from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Wednesday, May 10th. Jefferies Group LLC set a $47.00 target price on Financial Engines and gave the company a “buy” rating in a report on Saturday, February 25th. TheStreet raised Financial Engines from a “c+” rating to a “b-” rating in a report on Thursday, April 27th. Finally, William Blair reaffirmed an “outperform” rating on shares of Financial Engines in a report on Friday, February 24th.
Institutional investors have recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC boosted 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 in the last quarter. Comerica Bank boosted its position in shares of Financial Engines by 5.7% in the fourth quarter. Comerica Bank now owns 56,892 shares of the asset manager’s stock worth $2,068,000 after buying an additional 3,054 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Financial Engines by 73.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 301,593 shares of the asset manager’s stock worth $11,084,000 after buying an additional 127,938 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in shares of 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 worth $3,543,000 after buying an additional 9,600 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Financial Engines by 15.9% in the first quarter. Ameriprise Financial Inc. now owns 398,427 shares of the asset manager’s stock valued at $17,352,000 after buying an additional 54,731 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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