Financial Engines, Inc. (FNGN) Director E. Olena Berg-Lacy Sells 2,000 Shares
Financial Engines, Inc. (NASDAQ:FNGN) Director E. Olena Berg-Lacy sold 2,000 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $39.68, for a total transaction of $79,360.00. Following the transaction, the director now owns 14,851 shares in the company, valued at $589,287.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Financial Engines, Inc. (NASDAQ:FNGN) traded down 2.47% during trading on Monday, hitting $38.70. 334,935 shares of the stock were exchanged. Financial Engines, Inc. has a 12 month low of $23.56 and a 12 month high of $45.75. The stock’s 50 day moving average price is $40.25 and its 200 day moving average price is $39.52. The stock has a market cap of $2.43 billion, a P/E ratio of 65.82 and a beta of 2.17.
Financial Engines (NASDAQ:FNGN) last announced its earnings results on Thursday, May 4th. The asset manager reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. Financial Engines had a net margin of 8.39% and a return on equity of 7.24%. The firm had revenue of $114.10 million for the quarter, compared to the consensus estimate of $115.78 million. During the same period in the prior year, the firm earned $0.24 EPS. The firm’s revenue for the quarter was up 23.9% on a year-over-year basis. Analysts forecast that Financial Engines, Inc. will post $1.36 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 6th. Investors of record on Wednesday, June 14th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.72%. The ex-dividend date is Monday, June 12th. Financial Engines’s payout ratio is currently 48.28%.
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Large investors have recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Financial Engines by 36.6% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 318,457 shares of the asset manager’s stock valued at $13,868,000 after buying an additional 85,289 shares during the last quarter. Comerica Bank increased its stake in shares of Financial Engines by 5.7% in the fourth quarter. Comerica Bank now owns 56,892 shares of the asset manager’s stock valued at $2,068,000 after buying an additional 3,054 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Financial Engines by 73.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 301,593 shares of the asset manager’s stock valued at $11,084,000 after buying an additional 127,938 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Financial Engines by 13.4% in the first quarter. Great West Life Assurance Co. Can now owns 81,460 shares of the asset manager’s stock valued at $3,543,000 after buying an additional 9,600 shares during the last quarter. Finally, Flinton Capital Management LLC acquired a new stake in shares of Financial Engines during the fourth quarter valued at $1,427,000.
FNGN has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Financial Engines from a “buy” rating to a “hold” rating in a research note on Tuesday, March 7th. William Blair reiterated an “outperform” rating on shares of Financial Engines in a research note on Friday, February 24th. Jefferies Group LLC reiterated a “buy” rating and set a $47.00 price objective on shares of Financial Engines in a research note on Tuesday, March 21st. Finally, TheStreet upgraded shares of Financial Engines from a “c+” rating to a “b-” rating in a research note on Thursday, April 27th.
About Financial Engines
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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