Financial Engines, Inc. (FNGN) Shares Bought by Wrapmanager Inc.
Wrapmanager Inc. boosted its stake in shares of Financial Engines, Inc. (NASDAQ:FNGN) by 24.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,435 shares of the asset manager’s stock after buying an additional 1,251 shares during the period. Wrapmanager Inc.’s holdings in Financial Engines were worth $236,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in FNGN. Strs Ohio raised its stake in shares of Financial Engines by 109.1% in the first quarter. Strs Ohio now owns 2,300 shares of the asset manager’s stock valued at $100,000 after buying an additional 1,200 shares during the period. Victory Capital Management Inc. increased its stake in shares of Financial Engines by 13.4% in the first quarter. Victory Capital Management Inc. now owns 2,619 shares of the asset manager’s stock valued at $114,000 after buying an additional 310 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Financial Engines during the first quarter valued at approximately $201,000. First Citizens Bank & Trust Co. bought a new stake in shares of Financial Engines during the first quarter valued at approximately $206,000. Finally, Blueport Capital L.P. increased its stake in shares of Financial Engines by 7.5% in the first quarter. Blueport Capital L.P. now owns 5,381 shares of the asset manager’s stock valued at $234,000 after buying an additional 375 shares in the last quarter.
Shares of Financial Engines, Inc. (NASDAQ:FNGN) opened at 34.45 on Wednesday. Financial Engines, Inc. has a 52 week low of $25.00 and a 52 week high of $45.75. The company has a 50-day moving average price of $37.11 and a 200 day moving average price of $39.64. The stock has a market capitalization of $2.18 billion, a P/E ratio of 53.00 and a beta of 2.22.
Financial Engines (NASDAQ:FNGN) last posted its earnings results on Tuesday, August 8th. The asset manager reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The business had revenue of $118.47 million for the quarter, compared to the consensus estimate of $119.94 million. Financial Engines had a return on equity of 7.31% and a net margin of 8.98%. The business’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 earnings per share. Analysts forecast that Financial Engines, Inc. will post $1.37 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 20th will be issued a $0.07 dividend. The ex-dividend date is Tuesday, September 19th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.81%. Financial Engines’s dividend payout ratio (DPR) is 43.75%.
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Several brokerages have recently commented on FNGN. Zacks Investment Research downgraded Financial Engines from a “buy” rating to a “hold” rating in a report on Monday. BidaskClub downgraded Financial Engines from a “sell” rating to a “strong sell” rating in a report on Saturday, July 1st. Sidoti began coverage on Financial Engines in a report on Monday, July 10th. They set a “buy” rating for the company. DA Davidson began 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. Finally, TheStreet raised Financial Engines from a “c+” rating to a “b-” rating in a report on Thursday, April 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $44.33.
In other news, EVP Christopher L. Jones sold 5,120 shares of the business’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $38.45, for a total value of $196,864.00. Following the sale, the executive vice president now directly owns 60,089 shares in the company, valued at $2,310,422.05. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey C. Grace sold 7,718 shares of the business’s 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 sale, the insider now owns 4,140 shares in the company, valued at $155,788.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,595 shares of company stock worth $905,908. Corporate 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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