Financial Engines, Inc. (NASDAQ:FNGN) EVP Christopher L. Jones sold 6,982 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $36.51, for a total value of $254,912.82. Following the transaction, the executive vice president now owns 40,963 shares in the company, valued at $1,495,559.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Financial Engines, Inc. (NASDAQ:FNGN) traded down $0.12 during midday trading on Friday, reaching $26.95. The company’s stock had a trading volume of 1,104,900 shares, compared to its average volume of 374,521. Financial Engines, Inc. has a 12 month low of $24.45 and a 12 month high of $45.75. The firm has a market capitalization of $1,714.32, a P/E ratio of 28.50, a price-to-earnings-growth ratio of 1.84 and a beta of 2.25.
Financial Engines (NASDAQ:FNGN) last posted its earnings results on Thursday, November 2nd. The asset manager reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. Financial Engines had a net margin of 10.56% and a return on equity of 7.60%. The company had revenue of $122.20 million during the quarter, compared to analysts’ expectations of $124.11 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. Financial Engines’s quarterly revenue was up 8.7% compared to the same quarter last year. equities analysts predict that Financial Engines, Inc. will post 1.03 earnings per share for the current fiscal year.
Financial Engines declared that its board has authorized a stock repurchase program on Thursday, November 2nd that authorizes the company to repurchase $60.00 million in shares. This repurchase authorization authorizes the asset manager to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Thursday, December 14th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.04%. The ex-dividend date is Wednesday, December 13th. Financial Engines’s dividend payout ratio (DPR) is presently 36.36%.
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Several research firms have weighed in on FNGN. Zacks Investment Research upgraded Financial Engines from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Tuesday, October 10th. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Financial Engines in a research note on Friday, November 3rd. UBS AG lowered Financial Engines to an “underperform” rating in a research note on Friday, November 3rd. William Blair lowered Financial Engines from an “outperform” rating to a “market perform” rating in a research note on Friday, November 3rd. Finally, Barclays PLC initiated coverage on Financial Engines in a research report on Friday, September 8th. They set an “overweight” rating and a $38.00 target price on the stock. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. Financial Engines currently has an average rating of “Hold” and an average target price of $38.50.
A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised 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 worth $310,848,000 after purchasing an additional 7,133,365 shares during the last quarter. Baillie Gifford & Co. raised its position in shares of Financial Engines by 0.7% during 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 during the last quarter. Vanguard Group Inc. raised its position in shares of Financial Engines by 5.3% during the 2nd quarter. Vanguard Group Inc. now owns 5,221,858 shares of the asset manager’s stock valued at $191,120,000 after acquiring an additional 261,539 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of Financial Engines during the 2nd quarter valued at $106,955,000. Finally, Villere ST Denis J & Co. LLC raised its position in shares of Financial Engines by 5.1% during the 3rd quarter. Villere ST Denis J & Co. LLC now owns 2,365,510 shares of the asset manager’s stock valued at $82,201,000 after acquiring an additional 115,467 shares during the last quarter.
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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