Financial Engines, Inc. (NASDAQ:FNGN) insider Jeffrey C. Grace sold 7,718 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $37.63, for a total value of $290,428.34. Following the completion of the sale, the insider now owns 4,140 shares in the company, valued at approximately $155,788.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Financial Engines, Inc. (NASDAQ FNGN) traded down 1.57% during trading on Friday, hitting $31.25. The stock had a trading volume of 493,304 shares. The company’s 50 day moving average price is $36.74 and its 200 day moving average price is $39.49. Financial Engines, Inc. has a 12 month low of $25.00 and a 12 month 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.
Financial Engines (NASDAQ:FNGN) last posted its quarterly earnings data on Tuesday, August 8th. The asset manager reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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%. Financial Engines’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 EPS. Equities research analysts expect that Financial Engines, Inc. will post $1.37 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 20th will be issued 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 is presently 43.75%.
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FNGN has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Financial Engines from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Tuesday, April 25th. TheStreet upgraded Financial Engines from a “c+” rating to a “b-” rating in a research note on Thursday, April 27th. DA Davidson initiated coverage on Financial Engines in a research note on Wednesday, June 21st. They issued a “buy” rating and a $44.00 target price on the stock. BidaskClub lowered Financial Engines from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 1st. Finally, Sidoti initiated coverage on Financial Engines in a research note on Monday, July 10th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Financial Engines presently has a consensus rating of “Buy” and a consensus price target of $44.33.
Several large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in Financial Engines by 73.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 301,593 shares of the asset manager’s stock valued at $11,084,000 after buying an additional 127,938 shares in the last quarter. Norges Bank purchased a new stake in Financial Engines during the fourth quarter valued at about $14,487,000. Teachers Advisors LLC increased its stake in Financial Engines by 1.7% in the fourth quarter. Teachers Advisors LLC now owns 87,945 shares of the asset manager’s stock valued at $3,232,000 after buying an additional 1,497 shares in the last quarter. Bank of Montreal Can increased its stake in Financial Engines by 9.3% in the first quarter. Bank of Montreal Can now owns 9,332 shares of the asset manager’s stock valued at $406,000 after buying an additional 797 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in Financial Engines by 8.9% in the first quarter. Louisiana State Employees Retirement System now owns 23,300 shares of the asset manager’s stock valued at $1,015,000 after buying an additional 1,900 shares in the last quarter.
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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