Financial Engines, Inc. (NASDAQ:FNGN) EVP Lewis Antone, Jr. Sells 269 Shares
Financial Engines, Inc. (NASDAQ:FNGN) EVP Lewis Antone, Jr. sold 269 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $37.25, for a total value of $10,020.25. Following the completion of the sale, the executive vice president now directly owns 1,623 shares of the company’s stock, valued at approximately $60,456.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Financial Engines, Inc. (NASDAQ FNGN) remained flat at $34.30 during midday trading on Friday. 754,052 shares of the company’s stock were exchanged. The company’s 50 day moving average is $37.37 and its 200-day moving average is $39.70. The firm has a market cap of $2.17 billion, a PE ratio of 52.77 and a beta of 2.22. Financial Engines, Inc. has a 12-month low of $25.00 and a 12-month high of $45.75.
Financial Engines (NASDAQ:FNGN) last announced its quarterly earnings data on Tuesday, August 8th. The asset manager reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by $0.02. The firm had revenue of $118.47 million for the quarter, compared to the consensus estimate of $119.94 million. Financial Engines had a net margin of 8.98% and a return on equity of 7.31%. Financial Engines’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 earnings per share. Equities research analysts anticipate that Financial Engines, Inc. will post $1.37 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 20th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $0.28 annualized dividend and a dividend yield of 0.82%. Financial Engines’s dividend payout ratio (DPR) is presently 43.75%.
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Several equities research analysts have recently commented on the company. DA Davidson assumed coverage on Financial Engines in a report on Wednesday, June 21st. They issued a “buy” rating and a $44.00 price objective for the company. Zacks Investment Research raised Financial Engines from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Wednesday, May 10th. BidaskClub downgraded Financial Engines from a “sell” rating to a “strong sell” rating in a report on Saturday, July 1st. TheStreet raised Financial Engines from a “c+” rating to a “b-” rating in a report on Thursday, April 27th. Finally, Sidoti assumed coverage on Financial Engines in a report on Monday, July 10th. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $44.33.
A number of large investors have recently modified their holdings of FNGN. Strs Ohio boosted 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 in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Financial Engines by 17.7% in the second quarter. Victory Capital Management Inc. now owns 3,083 shares of the asset manager’s stock valued at $113,000 after buying an additional 464 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in shares of Financial Engines by 82.4% in the second quarter. Riverhead Capital Management LLC now owns 4,561 shares of the asset manager’s stock valued at $167,000 after buying an additional 2,061 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Financial Engines during the first quarter valued at $201,000. Finally, First Citizens Bank & Trust Co. bought a new stake in shares of Financial Engines during the first quarter valued at $206,000.
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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