Financial Engines, Inc. (FNGN) Shares Bought by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. boosted its stake in Financial Engines, Inc. (NASDAQ:FNGN) by 4.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 258,777 shares of the asset manager’s stock after buying an additional 11,249 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.41% of Financial Engines worth $9,472,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Strs Ohio lifted its holdings in Financial Engines by 109.1% during the 1st quarter. Strs Ohio now owns 2,300 shares of the asset manager’s stock worth $100,000 after purchasing an additional 1,200 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Financial Engines by 8.1% in the 1st quarter. Bank of New York Mellon Corp now owns 718,612 shares of the asset manager’s stock valued at $31,296,000 after purchasing an additional 53,649 shares during the period. Swiss National Bank boosted its stake in Financial Engines by 5.5% in the 1st quarter. Swiss National Bank now owns 97,000 shares of the asset manager’s stock valued at $4,224,000 after purchasing an additional 5,100 shares during the period. UBS Asset Management Americas Inc. boosted its stake in Financial Engines by 58.2% in the 1st quarter. UBS Asset Management Americas Inc. now owns 31,195 shares of the asset manager’s stock valued at $1,359,000 after purchasing an additional 11,476 shares during the period. Finally, Karp Capital Management Corp bought a new stake in Financial Engines in the 1st quarter valued at $541,000.
FNGN has been the topic of a number of research reports. Zacks Investment Research raised Financial Engines from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a report on Wednesday, July 12th. Sidoti assumed coverage on Financial Engines in a report on Monday, July 10th. They set a “buy” rating for the company. DA Davidson started coverage on Financial Engines in a report on Wednesday, June 21st. They set a “buy” rating and a $44.00 target price for the company. Barclays PLC started coverage on shares of Financial Engines in a research report on Friday, September 8th. They issued an “overweight” rating and a $38.00 target price for the company. Finally, BidaskClub cut shares of Financial Engines from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. Financial Engines currently has an average rating of “Buy” and an average price target of $42.75.
Shares of Financial Engines, Inc. (NASDAQ FNGN) opened at 36.60 on Wednesday. The stock has a 50 day moving average of $32.75 and a 200-day moving average of $37.56. Financial Engines, Inc. has a 52-week low of $25.00 and a 52-week high of $45.75. The firm has a market capitalization of $2.31 billion, a P/E ratio of 56.31 and a beta of 2.20.
Financial Engines (NASDAQ:FNGN) last posted its quarterly earnings results on Tuesday, August 8th. The asset manager reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). Financial Engines had a net margin of 8.98% and a return on equity of 7.31%. The business had revenue of $118.47 million during the quarter, compared to the consensus estimate of $119.94 million. During the same period last year, the firm earned $0.28 EPS. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. Equities analysts expect that Financial Engines, Inc. will post $1.37 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 20th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Tuesday, September 19th. Financial Engines’s dividend payout ratio (DPR) is presently 43.75%.
In other news, insider Jeffrey C. Grace sold 7,718 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was 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 directly owns 4,140 shares of the company’s stock, valued at $155,788.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Jerome Campbell sold 2,000 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was 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 directly owns 41,020 shares of the company’s stock, valued at $1,302,385. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,133,149 shares of company stock valued at $136,660,925. 15.97% of the stock is owned by insiders.
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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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