Christopher L. Jones Sells 10,000 Shares of Financial Engines Inc. (FNGN) Stock
Financial Engines Inc. (NASDAQ:FNGN) EVP Christopher L. Jones sold 10,000 shares of the firm’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $32.15, for a total value of $321,500.00. Following the completion of the sale, the executive vice president now owns 83,285 shares of the company’s stock, valued at $2,677,612.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Financial Engines Inc. (NASDAQ:FNGN) opened at 32.80 on Wednesday. Financial Engines Inc. has a 1-year low of $23.22 and a 1-year high of $36.55. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 73.21 and a beta of 1.82. The firm has a 50-day moving average price of $28.57 and a 200-day moving average price of $28.36.
Financial Engines (NASDAQ:FNGN) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.02. Financial Engines had a return on equity of 7.03% and a net margin of 6.74%. The firm earned $112.42 million during the quarter, compared to analysts’ expectations of $109.58 million. During the same period in the previous year, the business earned $0.24 earnings per share. The firm’s revenue for the quarter was up 42.6% on a year-over-year basis. Equities analysts forecast that Financial Engines Inc. will post $1.14 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 6th. Investors of record on Wednesday, December 14th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Monday, December 12th. Financial Engines’s payout ratio is 63.64%.
Several hedge funds have recently modified their holdings of FNGN. Capital World Investors boosted its stake in shares of Financial Engines by 26.6% in the second quarter. Capital World Investors now owns 7,711,000 shares of the company’s stock valued at $199,484,000 after buying an additional 1,620,053 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Financial Engines by 11.9% in the second quarter. Vanguard Group Inc. now owns 4,111,281 shares of the company’s stock valued at $106,358,000 after buying an additional 437,912 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of Financial Engines by 8.5% in the third quarter. BlackRock Fund Advisors now owns 3,671,562 shares of the company’s stock valued at $109,082,000 after buying an additional 286,230 shares during the last quarter. Villere ST Denis J & Co. LLC boosted its stake in shares of Financial Engines by 8.5% in the second quarter. Villere ST Denis J & Co. LLC now owns 2,786,911 shares of the company’s stock valued at $72,097,000 after buying an additional 218,295 shares during the last quarter. Finally, Janus Capital Management LLC boosted its stake in shares of Financial Engines by 6.5% in the second quarter. Janus Capital Management LLC now owns 2,437,733 shares of the company’s stock valued at $63,064,000 after buying an additional 149,038 shares during the last quarter.
A number of brokerages recently issued reports on FNGN. Zacks Investment Research downgraded Financial Engines from a “buy” rating to a “hold” rating in a research report on Monday. Jefferies Group restated a “buy” rating on shares of Financial Engines in a research report on Wednesday, August 3rd. Finally, William Blair restated an “outperform” rating on shares of Financial Engines in a research report on Wednesday, August 3rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $32.33.
About Financial Engines
Financial Engines, Inc provides independent, technology-enabled portfolio management services, investment advice and retirement income services to participants in employer-sponsored defined contribution plans, such as 401(k) plans. 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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