Fiera Capital Corp cut its holdings in Financial Engines, Inc. (NASDAQ:FNGN) by 13.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 205,747 shares of the asset manager’s stock after selling 33,181 shares during the quarter. Fiera Capital Corp owned 0.33% of Financial Engines worth $7,530,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in Financial Engines by 163,234.9% in the 1st quarter. BlackRock Inc. now owns 7,137,735 shares of the asset manager’s stock valued at $310,848,000 after acquiring an additional 7,133,365 shares in the last quarter. Baillie Gifford & Co. lifted its position in Financial Engines by 0.7% in the 2nd quarter. Baillie Gifford & Co. now owns 5,599,838 shares of the asset manager’s stock valued at $204,954,000 after acquiring an additional 40,874 shares in the last quarter. Wellington Management Group LLP bought a new position in Financial Engines in the 1st quarter valued at approximately $233,931,000. Vanguard Group Inc. lifted its position in Financial Engines by 11.3% in the 1st quarter. Vanguard Group Inc. now owns 4,960,319 shares of the asset manager’s stock valued at $216,023,000 after acquiring an additional 504,246 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its position in Financial Engines by 7.2% in the 1st quarter. Clearbridge Investments LLC now owns 1,867,304 shares of the asset manager’s stock valued at $81,321,000 after acquiring an additional 125,382 shares in the last quarter.
Several equities analysts recently issued reports on the company. Barclays PLC assumed coverage on Financial Engines in a research report on Friday, September 8th. They issued an “overweight” rating and a $38.00 price objective on the stock. Zacks Investment Research cut Financial Engines from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Sidoti assumed coverage on Financial Engines in a research report on Monday, July 10th. They issued a “buy” rating on the stock. BidaskClub cut Financial Engines from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 1st. Finally, DA Davidson assumed coverage on Financial Engines in a research report on Wednesday, June 21st. They issued a “buy” rating and a $44.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $42.75.
Shares of Financial Engines, Inc. (FNGN) opened at 31.85 on Friday. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 49.00 and a beta of 2.22. The firm’s 50-day moving average is $33.98 and its 200-day moving average is $38.47. 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 earnings results on Tuesday, August 8th. The asset manager reported $0.23 earnings per share 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 analyst estimates of $119.94 million. Financial Engines had a net margin of 8.98% and a return on equity of 7.31%. Financial Engines’s revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the business earned $0.28 earnings per share. Analysts forecast that Financial Engines, Inc. will post $1.37 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 20th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $0.28 annualized dividend and a yield of 0.88%. Financial Engines’s dividend payout ratio (DPR) is 43.75%.
In other news, EVP Christopher L. Jones sold 5,120 shares of Financial Engines stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $38.45, for a total transaction of $196,864.00. Following the completion of the sale, the executive vice president now directly owns 60,089 shares in the company, valued at $2,310,422.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael E. Martin sold 4,109,128 shares of Financial Engines stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $33.05, for a total transaction of $135,806,680.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,127,042 shares of company stock valued at $136,472,855. 15.97% of the stock is owned by insiders.
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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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