Financial Engines Inc. (FNGN) EVP Lewis Antone, Jr. Sells 960 Shares
Financial Engines Inc. (NASDAQ:FNGN) EVP Lewis Antone, Jr. sold 960 shares of the firm’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $32.00, for a total value of $30,720.00. Following the completion of the sale, the executive vice president now owns 2,388 shares of the company’s stock, valued at $76,416. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Financial Engines Inc. (NASDAQ:FNGN) traded up 0.30% during trading on Monday, hitting $33.60. The stock had a trading volume of 238,437 shares. Financial Engines Inc. has a 52 week low of $23.22 and a 52 week high of $36.55. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 75.00 and a beta of 1.82. The company has a 50-day moving average of $28.94 and a 200 day moving average of $28.44.
Financial Engines (NASDAQ:FNGN) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.31 earnings per share for the quarter, topping the 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 business earned $112.42 million during the quarter, compared to the consensus estimate of $109.58 million. During the same period in the prior year, the company earned $0.24 EPS. Financial Engines’s revenue for the quarter was up 42.6% on a year-over-year basis. On average, equities research analysts anticipate that Financial Engines Inc. will post $1.14 EPS for the current year.
The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, December 12th. This represents a $0.28 annualized dividend and a dividend yield of 0.84%. Financial Engines’s dividend payout ratio is currently 63.64%.
Several hedge funds have recently made changes to their positions in FNGN. BlackRock Inc. increased its stake in shares of Financial Engines by 100.3% in the first quarter. BlackRock Inc. now owns 3,977 shares of the company’s stock valued at $125,000 after buying an additional 1,991 shares in the last quarter. Paradigm Asset Management Co. LLC increased its stake in shares of Financial Engines by 16.1% in the second quarter. Paradigm Asset Management Co. LLC now owns 5,750 shares of the company’s stock valued at $149,000 after buying an additional 797 shares in the last quarter. PineBridge Investments L.P. increased its stake in shares of Financial Engines by 6.0% in the second quarter. PineBridge Investments L.P. now owns 6,706 shares of the company’s stock valued at $173,000 after buying an additional 382 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of Financial Engines by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 7,191 shares of the company’s stock valued at $186,000 after buying an additional 875 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Financial Engines during the third quarter valued at $221,000.
FNGN has been the subject of a number of research reports. Jefferies Group reiterated a “buy” rating on shares of Financial Engines in a research report on Wednesday, August 3rd. Zacks Investment Research upgraded Financial Engines from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research report on Wednesday, October 5th. Finally, William Blair restated an “outperform” rating on shares of Financial Engines in a research report on Wednesday, August 3rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $33.67.
Financial Engines Company Profile
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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