Financial Engines Inc (NASDAQ:FNGN) EVP Gina M. Cruse sold 455 shares of the firm’s stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $34.65, for a total transaction of $15,765.75. Following the completion of the transaction, the executive vice president now owns 1,390 shares in the company, valued at $48,163.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of Financial Engines Inc (NASDAQ FNGN) traded up $0.50 during trading hours on Friday, reaching $35.15. 719,110 shares of the company traded hands, compared to its average volume of 493,468. The company has a market cap of $2,216.59, a P/E ratio of 33.48, a PEG ratio of 1.70 and a beta of 1.62. Financial Engines Inc has a 12-month low of $24.45 and a 12-month high of $45.00.
Financial Engines (NASDAQ:FNGN) last issued its quarterly earnings data on Thursday, February 22nd. The asset manager reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.01. The firm had revenue of $125.69 million for the quarter, compared to the consensus estimate of $126.49 million. Financial Engines had a net margin of 9.71% and a return on equity of 8.07%. Financial Engines’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the firm posted $0.29 EPS. sell-side analysts expect that Financial Engines Inc will post 1.38 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Thursday, March 22nd will be paid a dividend of $0.08 per share. This is a boost from Financial Engines’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $0.32 annualized dividend and a yield of 0.91%. Financial Engines’s dividend payout ratio (DPR) is presently 38.36%.
Several analysts recently weighed in on the stock. BidaskClub upgraded shares of Financial Engines from a “hold” rating to a “buy” rating in a research report on Saturday, February 24th. TheStreet upgraded shares of Financial Engines from a “c+” rating to a “b-” rating in a research report on Wednesday. Zacks Investment Research downgraded shares of Financial Engines from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Barclays downgraded shares of Financial Engines from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $30.00 to $33.00 in a research report on Monday, January 8th. Finally, ValuEngine downgraded shares of Financial Engines from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. Financial Engines currently has a consensus rating of “Hold” and a consensus target price of $35.75.
A number of institutional investors have recently added to or reduced their stakes in the business. UBS Asset Management Americas Inc. increased its stake in Financial Engines by 6.1% during the 4th quarter. UBS Asset Management Americas Inc. now owns 38,234 shares of the asset manager’s stock valued at $1,158,000 after buying an additional 2,209 shares during the period. Victory Capital Management Inc. increased its stake in Financial Engines by 73.7% during the 3rd quarter. Victory Capital Management Inc. now owns 5,356 shares of the asset manager’s stock valued at $186,000 after buying an additional 2,273 shares during the period. California Public Employees Retirement System increased its stake in Financial Engines by 4.0% during the 3rd quarter. California Public Employees Retirement System now owns 60,337 shares of the asset manager’s stock valued at $2,097,000 after buying an additional 2,337 shares during the period. New York State Common Retirement Fund increased its stake in Financial Engines by 2.6% during the 3rd quarter. New York State Common Retirement Fund now owns 114,971 shares of the asset manager’s stock valued at $3,995,000 after buying an additional 2,900 shares during the period. Finally, Gabelli Funds LLC increased its stake in Financial Engines by 37.5% during the 4th 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 during the period.
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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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