Financial Engines Inc (NASDAQ:FNGN) CFO Raymond J. Sims sold 9,140 shares of the stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $42.23, for a total transaction of $385,982.20. Following the completion of the sale, the chief financial officer now owns 1,759 shares in the company, valued at $74,282.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Financial Engines Inc (NASDAQ:FNGN) traded down 0.25% during midday trading on Friday, hitting $39.50. 200,645 shares of the stock traded hands. Financial Engines Inc has a 1-year low of $23.56 and a 1-year high of $45.75. The stock has a market cap of $2.48 billion, a PE ratio of 67.18 and a beta of 1.92. The company has a 50-day moving average of $41.16 and a 200-day moving average of $38.51.
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 the Zacks’ consensus estimate of $0.23 by $0.02. The business had revenue of $114.10 million during the quarter, compared to analysts’ expectations of $115.78 million. Financial Engines had a return on equity of 7.03% and a net margin of 6.74%. The firm’s quarterly revenue was up 23.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.24 earnings per share. On average, equities analysts expect that Financial Engines Inc will post $1.36 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 6th. Stockholders of record on Wednesday, June 14th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Monday, June 12th. Financial Engines’s dividend payout ratio is currently 63.64%.
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A number of brokerages have recently commented on FNGN. Zacks Investment Research raised shares of Financial Engines from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Wednesday, May 10th. Jefferies Group LLC set a $47.00 price target on shares of Financial Engines and gave the stock a “buy” rating in a research note on Saturday, February 25th. TheStreet raised shares of Financial Engines from a “c+” rating to a “b-” rating in a research note on Thursday, April 27th. Finally, William Blair reaffirmed an “outperform” rating on shares of Financial Engines in a research note on Friday, February 24th.
Large investors have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of 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 buying an additional 7,133,365 shares during the last quarter. Wellington Management Group LLP bought a new position in Financial Engines during the first quarter worth $233,931,000. Vanguard Group Inc. raised its position 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 buying an additional 504,246 shares during the last quarter. BlackRock Fund Advisors raised its position in Financial Engines by 8.5% in the third quarter. BlackRock Fund Advisors now owns 3,671,562 shares of the asset manager’s stock worth $109,082,000 after buying an additional 286,230 shares during the last quarter. Finally, Janus Capital Management LLC raised its position in Financial Engines by 4.7% in the fourth quarter. Janus Capital Management LLC now owns 2,701,031 shares of the asset manager’s stock worth $99,263,000 after buying an additional 121,062 shares during 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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