Royce & Associates LP cut its position in shares of Financial Engines Inc (NASDAQ:FNGN) by 89.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,100 shares of the asset manager’s stock after selling 119,520 shares during the quarter. Royce & Associates LP’s holdings in Financial Engines were worth $427,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. increased its position in shares of Financial Engines by 73.7% during the third quarter. Victory Capital Management Inc. now owns 5,356 shares of the asset manager’s stock worth $186,000 after buying an additional 2,273 shares during the period. Quantbot Technologies LP acquired a new stake in Financial Engines in the third quarter worth $206,000. Gamco Investors INC. ET AL acquired a new stake in Financial Engines in the third quarter worth $278,000. Blueport Capital L.P. grew its holdings in Financial Engines by 113.4% in the fourth quarter. Blueport Capital L.P. now owns 9,244 shares of the asset manager’s stock worth $280,000 after purchasing an additional 4,912 shares during the period. Finally, Gabelli Funds LLC lifted its stake in shares of Financial Engines by 37.5% in the fourth quarter. Gabelli Funds LLC now owns 11,000 shares of the asset manager’s stock valued at $333,000 after buying an additional 3,000 shares in the last quarter.
Financial Engines Inc (NASDAQ:FNGN) opened at $35.15 on Friday. Financial Engines Inc has a 12 month low of $24.45 and a 12 month high of $45.00. The firm has a market cap of $2,185.08, a PE ratio of 48.15, a PEG ratio of 1.68 and a beta of 1.62.
Financial Engines (NASDAQ:FNGN) last issued its quarterly earnings results on Thursday, February 22nd. The asset manager reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.01. Financial Engines had a net margin of 9.71% and a return on equity of 8.07%. The company had revenue of $125.69 million during the quarter, compared to the consensus estimate of $126.49 million. During the same quarter in the prior year, the firm posted $0.29 EPS. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. analysts expect that Financial Engines Inc will post 1.38 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Thursday, March 22nd will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Wednesday, March 21st. This is an increase from Financial Engines’s previous quarterly dividend of $0.07. Financial Engines’s dividend payout ratio is 38.36%.
In other Financial Engines news, COO John Bunch sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $35.00, for a total value of $175,000.00. Following the completion of the transaction, the chief operating officer now directly owns 15,586 shares in the company, valued at approximately $545,510. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Christopher L. Jones sold 14,663 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $34.30, for a total transaction of $502,940.90. Following the completion of the transaction, the executive vice president now owns 62,289 shares of the company’s stock, valued at $2,136,512.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,128 shares of company stock valued at $800,411. 9.27% of the stock is currently owned by insiders.
A number of research analysts have weighed in on the stock. TheStreet raised shares of Financial Engines from a “c+” rating to a “b-” rating in a research note on Wednesday. BidaskClub lowered shares of Financial Engines from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Zacks Investment Research lowered shares of Financial Engines from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 6th. William Blair raised shares of Financial Engines from a “market perform” rating to an “outperform” rating in a research report on Friday, February 23rd. They noted that the move was a valuation call. Finally, ValuEngine lowered shares of Financial Engines from a “hold” rating to a “sell” rating in a research report on Saturday, November 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $35.75.
Financial Engines 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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