Financial Engines, Inc. (NASDAQ:FNGN) insider Jeffrey C. Grace sold 2,000 shares of the business’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $37.00, for a total value of $74,000.00. Following the transaction, the insider now directly owns 5,234 shares in the company, valued at approximately $193,658. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Financial Engines, Inc. (NASDAQ FNGN) traded down $0.12 during trading on Friday, hitting $26.95. The stock had a trading volume of 1,104,900 shares, compared to its average volume of 374,521. Financial Engines, Inc. has a twelve month low of $24.45 and a twelve month high of $45.75. The firm has a market cap of $1,714.32, a price-to-earnings ratio of 28.50, a PEG ratio of 1.84 and a beta of 2.25.
Financial Engines (NASDAQ:FNGN) last announced its quarterly earnings results on Thursday, November 2nd. The asset manager reported $0.36 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. Financial Engines had a return on equity of 7.60% and a net margin of 10.56%. The business had revenue of $122.20 million for the quarter, compared to analyst estimates of $124.11 million. During the same quarter in the prior year, the company posted $0.31 EPS. The company’s quarterly revenue was up 8.7% on a year-over-year basis. research analysts forecast that Financial Engines, Inc. will post 1.03 earnings per share for the current year.
Financial Engines declared that its board has initiated a stock buyback program on Thursday, November 2nd that permits the company to buyback $60.00 million in outstanding shares. This buyback authorization permits the asset manager to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Thursday, December 14th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.04%. The ex-dividend date is Wednesday, December 13th. Financial Engines’s payout ratio is 36.36%.
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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in Financial Engines by 163,234.9% during the 1st quarter. BlackRock Inc. now owns 7,137,735 shares of the asset manager’s stock worth $310,848,000 after acquiring an additional 7,133,365 shares in the last quarter. Baillie Gifford & Co. lifted its stake in Financial Engines by 0.7% during the 2nd quarter. Baillie Gifford & Co. now owns 5,599,838 shares of the asset manager’s stock worth $204,954,000 after acquiring an additional 40,874 shares in the last quarter. Vanguard Group Inc. lifted its stake in Financial Engines by 5.3% during the 2nd quarter. Vanguard Group Inc. now owns 5,221,858 shares of the asset manager’s stock worth $191,120,000 after acquiring an additional 261,539 shares in the last quarter. Janus Henderson Group PLC acquired a new position in Financial Engines during the 2nd quarter worth about $106,955,000. Finally, Villere ST Denis J & Co. LLC lifted its stake in 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 worth $82,201,000 after acquiring an additional 115,467 shares in the last quarter.
A number of equities analysts have weighed in on the company. Barclays PLC assumed coverage on Financial Engines in a research note on Friday, September 8th. They set an “overweight” rating and a $38.00 price objective on the stock. Zacks Investment Research lowered Financial Engines from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. William Blair lowered Financial Engines from an “outperform” rating to a “market perform” rating in a research note on Friday, November 3rd. Northland Securities reissued a “buy” rating on shares of Financial Engines in a research note on Friday, November 3rd. Finally, UBS AG lowered Financial Engines to an “underperform” rating in a research note on Friday, November 3rd. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. Financial Engines presently has an average rating of “Hold” and an average target price of $38.50.
About Financial Engines
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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