Capital World Investors Has $243,719,000 Stake in Financial Engines, Inc. (FNGN)
Capital World Investors maintained its stake in Financial Engines, Inc. (NASDAQ:FNGN) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 6,659,000 shares of the asset manager’s stock at the close of the 2nd quarter. Capital World Investors owned approximately 10.54% of Financial Engines worth $243,719,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Financial Engines by 163,234.9% in the first quarter. BlackRock Inc. now owns 7,137,735 shares of the asset manager’s stock worth $310,848,000 after buying an additional 7,133,365 shares during the last quarter. Baillie Gifford & Co. increased its stake in shares of Financial Engines by 0.7% in the second quarter. Baillie Gifford & Co. now owns 5,599,838 shares of the asset manager’s stock worth $204,954,000 after buying an additional 40,874 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Financial Engines by 5.3% in the second quarter. Vanguard Group Inc. now owns 5,221,858 shares of the asset manager’s stock worth $191,120,000 after buying an additional 261,539 shares during the last quarter. Clearbridge Investments LLC increased its stake in shares of Financial Engines by 7.2% in the first quarter. Clearbridge Investments LLC now owns 1,867,304 shares of the asset manager’s stock worth $81,321,000 after buying an additional 125,382 shares during the last quarter. Finally, Champlain Investment Partners LLC increased its stake in shares of Financial Engines by 1.8% in the first quarter. Champlain Investment Partners LLC now owns 1,737,370 shares of the asset manager’s stock worth $75,662,000 after buying an additional 30,160 shares during the last quarter.
In related news, insider Jeffrey C. Grace sold 8,689 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $35.00, for a total value of $304,115.00. Following the completion of the transaction, the insider now directly owns 11,923 shares in the company, valued at $417,305. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Jerome Campbell sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $31.75, for a total value of $63,500.00. Following the completion of the transaction, the executive vice president now owns 41,020 shares of the company’s stock, valued at $1,302,385. The disclosure for this sale can be found here. Insiders sold 4,133,418 shares of company stock valued at $136,670,609 over the last 90 days. 15.97% of the stock is currently owned by corporate insiders.
Shares of Financial Engines, Inc. (FNGN) opened at 36.40 on Thursday. Financial Engines, Inc. has a 1-year low of $25.00 and a 1-year high of $45.75. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 56.00 and a beta of 2.20. The firm’s 50-day moving average is $32.80 and its 200 day moving average is $37.56.
Financial Engines (NASDAQ:FNGN) last issued its earnings results on Tuesday, August 8th. The asset manager reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The firm 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 business’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 earnings per share. Equities analysts expect that Financial Engines, Inc. will post $1.38 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Investors of record on Wednesday, September 20th were paid a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, September 19th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.77%. Financial Engines’s payout ratio is 43.75%.
FNGN has been the subject of a number of research analyst reports. DA Davidson initiated coverage on shares of Financial Engines in a research note on Wednesday, June 21st. They issued a “buy” rating and a $44.00 price target for the company. BidaskClub lowered shares of Financial Engines from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 1st. Sidoti assumed coverage on shares of Financial Engines in a research note on Monday, July 10th. They set a “buy” rating for the company. Zacks Investment Research upgraded shares of Financial Engines from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research note on Wednesday, July 12th. Finally, Barclays PLC assumed coverage on shares of Financial Engines in a research note on Friday, September 8th. They set an “overweight” rating and a $38.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. Financial Engines presently has a consensus rating of “Buy” and an average price target of $42.75.
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Financial Engines 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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