Financial Engines, Inc. (NASDAQ:FNGN) EVP Michael Jerome Campbell sold 2,000 shares of Financial Engines stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $36.78, for a total value of $73,560.00. Following the transaction, the executive vice president now directly owns 547 shares in the company, valued at $20,118.66. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
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. (NASDAQ:FNGN) traded up 0.68% during mid-day trading on Thursday, reaching $37.15. The company had a trading volume of 311,869 shares. Financial Engines, Inc. has a 12-month low of $25.00 and a 12-month high of $45.75. The company has a market capitalization of $2.35 billion, a P/E ratio of 57.15 and a beta of 2.20. The firm has a 50-day moving average of $34.52 and a 200-day moving average of $37.10.
Financial Engines (NASDAQ:FNGN) last announced its quarterly 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 for the quarter, compared to the consensus estimate 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 period last year, the business earned $0.28 EPS. On average, equities analysts anticipate that Financial Engines, Inc. will post $1.37 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 4th. Investors of record on Wednesday, September 20th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Tuesday, September 19th. Financial Engines’s dividend payout ratio (DPR) is currently 43.75%.
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Large investors have recently bought and sold shares of the business. Victory Capital Management Inc. grew its position in Financial Engines by 13.4% in the 1st quarter. Victory Capital Management Inc. now owns 2,619 shares of the asset manager’s stock worth $114,000 after purchasing an additional 310 shares during the period. Riverhead Capital Management LLC grew its position in Financial Engines by 82.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,561 shares of the asset manager’s stock worth $167,000 after purchasing an additional 2,061 shares during the period. Ameritas Investment Partners Inc. grew its position in Financial Engines by 11.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,140 shares of the asset manager’s stock worth $188,000 after purchasing an additional 520 shares during the period. Blueport Capital L.P. grew its position in Financial Engines by 7.5% in the 1st quarter. Blueport Capital L.P. now owns 5,381 shares of the asset manager’s stock worth $234,000 after purchasing an additional 375 shares during the period. Finally, Shelton Capital Management bought a new stake in Financial Engines in the 2nd quarter worth approximately $208,000.
FNGN has been the topic of a number of recent analyst reports. Zacks Investment Research raised Financial Engines from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Wednesday, July 12th. Barclays PLC initiated coverage on Financial Engines in a research note on Friday, September 8th. They issued an “overweight” rating and a $38.00 price objective on the stock. Sidoti initiated coverage on Financial Engines in a research note on Monday, July 10th. They issued a “buy” rating 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 analyst has rated the stock with a sell rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $42.50.
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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