Financial Engines, Inc. (FNGN) to Issue $0.07 Quarterly Dividend
Financial Engines, Inc. (NASDAQ:FNGN) announced a quarterly dividend on Wednesday, August 9th, Wall Street Journal reports. Shareholders of record on Wednesday, September 20th will be given a dividend of 0.07 per share by the asset manager on Wednesday, October 4th. This represents a $0.28 annualized dividend and a yield of 0.90%. The ex-dividend date is Tuesday, September 19th.
Financial Engines (FNGN) traded down 1.57% during trading on Friday, hitting $31.25. 493,304 shares of the stock were exchanged. The firm has a 50-day moving average of $36.74 and a 200-day moving average of $39.49. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 48.08 and a beta of 2.22. Financial Engines has a 52 week low of $25.00 and a 52 week high of $45.75.
Financial Engines (NASDAQ:FNGN) last released its quarterly earnings results on Tuesday, August 8th. The asset manager reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The business had revenue of $118.47 million during the quarter, compared to analyst estimates of $119.94 million. Financial Engines had a net margin of 8.98% and a return on equity of 7.31%. The company’s revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the company posted $0.28 earnings per share. Equities research analysts anticipate that Financial Engines will post $1.37 earnings per share for the current fiscal year.
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A number of equities research analysts have issued reports on FNGN shares. Zacks Investment Research upgraded shares of 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. TheStreet upgraded shares of Financial Engines from a “c+” rating to a “b-” rating in a research note on Thursday, April 27th. DA Davidson started coverage on shares of Financial Engines in a research note on Wednesday, June 21st. They set a “buy” rating and a $44.00 price objective on the stock. Sidoti started coverage on shares of Financial Engines in a research note on Monday, July 10th. They set a “buy” rating on the stock. Finally, BidaskClub downgraded shares of Financial Engines from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Financial Engines presently has an average rating of “Buy” and a consensus target price of $44.33.
In other news, insider Jeffrey C. Grace sold 7,718 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $37.63, for a total value of $290,428.34. Following the completion of the transaction, the insider now owns 4,140 shares of the company’s stock, valued at $155,788.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director E. Olena Berg-Lacy sold 2,000 shares of the stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $39.68, for a total transaction of $79,360.00. Following the completion of the transaction, the director now directly owns 14,851 shares of the company’s stock, valued at approximately $589,287.68. The disclosure for this sale can be found here. Insiders sold 23,595 shares of company stock valued at $905,908 in the last three months. Company insiders own 15.97% of the company’s stock.
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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