Insider Selling: Financial Engines, Inc. (FNGN) EVP Sells $73,560.00 in Stock

Financial Engines, Inc. (NASDAQ:FNGN) EVP Michael Jerome Campbell sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $36.78, for a total value of $73,560.00. Following the completion of the sale, the executive vice president now owns 547 shares in the company, valued at approximately $20,118.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Michael Jerome Campbell also recently made the following trade(s):

  • On Tuesday, September 19th, Michael Jerome Campbell sold 2,000 shares of Financial Engines stock. The shares were sold at an average price of $32.05, for a total value of $64,100.00.
  • On Tuesday, August 22nd, Michael Jerome Campbell sold 2,000 shares of Financial Engines stock. The shares were sold at an average price of $31.75, for a total value of $63,500.00.

Shares of Financial Engines, Inc. (FNGN) opened at 36.55 on Friday. The firm’s 50-day moving average price is $34.09 and its 200 day moving average price is $37.25. The stock has a market capitalization of $2.31 billion, a P/E ratio of 56.23 and a beta of 2.20. Financial Engines, Inc. has a 52 week low of $25.00 and a 52 week high of $45.75.

Financial Engines (NASDAQ:FNGN) last announced its quarterly earnings data on Tuesday, August 8th. The asset manager reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The company had revenue of $118.47 million for 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 period last year, the firm earned $0.28 earnings per share. Analysts expect that Financial Engines, Inc. will post $1.37 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 20th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Tuesday, September 19th. Financial Engines’s dividend payout ratio (DPR) is presently 43.75%.

ILLEGAL ACTIVITY NOTICE: “Insider Selling: Financial Engines, Inc. (FNGN) EVP Sells $73,560.00 in Stock” was originally published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this piece on another publication, it was copied illegally and republished in violation of US and international trademark & copyright legislation. The original version of this piece can be read at https://www.chaffeybreeze.com/2017/10/20/insider-selling-financial-engines-inc-fngn-evp-sells-73560-00-in-stock.html.

FNGN has been the topic of several recent analyst reports. Zacks Investment Research upgraded Financial Engines from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Wednesday, July 12th. Sidoti initiated coverage on Financial Engines in a research note on Monday, July 10th. They set a “buy” rating on the stock. Barclays PLC initiated coverage on Financial Engines in a research note on Friday, September 8th. They set an “overweight” rating and a $38.00 target price on the stock. Finally, BidaskClub downgraded Financial Engines from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 1st. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $42.50.

Institutional investors and hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. grew its holdings in shares of Financial Engines by 17.7% during the second quarter. Victory Capital Management Inc. now owns 3,083 shares of the asset manager’s stock valued at $113,000 after buying an additional 464 shares during the last quarter. Riverhead Capital Management LLC grew its holdings in shares of Financial Engines by 82.4% during the second quarter. Riverhead Capital Management LLC now owns 4,561 shares of the asset manager’s stock valued at $167,000 after buying an additional 2,061 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of Financial Engines by 11.3% during the second quarter. Ameritas Investment Partners Inc. now owns 5,140 shares of the asset manager’s stock valued at $188,000 after buying an additional 520 shares during the last quarter. Shelton Capital Management purchased a new stake in shares of Financial Engines during the second quarter valued at $208,000. Finally, Blueport Capital L.P. grew its holdings in shares of Financial Engines by 7.5% during the first quarter. Blueport Capital L.P. now owns 5,381 shares of the asset manager’s stock valued at $234,000 after buying an additional 375 shares during 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.

Insider Buying and Selling by Quarter for Financial Engines (NASDAQ:FNGN)

Receive News & Ratings for Financial Engines Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Financial Engines Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply