Jeffrey C. Grace Sells 7,718 Shares of Financial Engines, Inc. (FNGN) Stock
Financial Engines, Inc. (NASDAQ:FNGN) insider Jeffrey C. Grace sold 7,718 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $37.63, for a total transaction of $290,428.34. Following the completion of the transaction, the insider now directly owns 4,140 shares in the company, valued at $155,788.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Financial Engines, Inc. (NASDAQ:FNGN) remained flat at $38.55 during midday trading on Monday. 238,155 shares of the stock were exchanged. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 65.56 and a beta of 2.22. Financial Engines, Inc. has a 52-week low of $25.00 and a 52-week high of $45.75. The stock’s 50-day moving average price is $37.63 and its 200 day moving average price is $39.73.
Financial Engines (NASDAQ:FNGN) last announced its earnings results on Thursday, May 4th. The asset manager reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. The business had revenue of $114.10 million for the quarter, compared to analysts’ expectations of $115.78 million. Financial Engines had a return on equity of 7.24% and a net margin of 8.39%. The business’s revenue for the quarter was up 23.9% on a year-over-year basis. During the same period last year, the firm posted $0.24 earnings per share. Equities analysts forecast that Financial Engines, Inc. will post $1.37 EPS for the current fiscal year.
FNGN has been the topic of a number of research reports. Sidoti initiated coverage on Financial Engines in a research note on Monday, July 10th. They issued a “buy” rating on the stock. Zacks Investment Research cut Financial Engines from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. TheStreet upgraded Financial Engines from a “c+” rating to a “b-” rating in a research note on Thursday, April 27th. BidaskClub cut Financial Engines from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 1st. Finally, DA Davidson initiated coverage on Financial Engines in a research note on Wednesday, June 21st. They issued a “buy” rating and a $44.00 price objective on the stock. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $44.33.
A number of hedge funds and other institutional investors have recently made changes to their positions in FNGN. BlackRock Inc. boosted its position 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 valued at $310,848,000 after buying an additional 7,133,365 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of Financial Engines during the first quarter valued at about $233,931,000. Vanguard Group Inc. boosted its position in shares of Financial Engines by 11.3% in the first quarter. Vanguard Group Inc. now owns 4,960,319 shares of the asset manager’s stock valued at $216,023,000 after buying an additional 504,246 shares during the last quarter. Clearbridge Investments LLC boosted its position 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 valued at $81,321,000 after buying an additional 125,382 shares during the last quarter. Finally, Champlain Investment Partners LLC boosted its position 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 valued at $75,662,000 after buying an additional 30,160 shares during the last quarter.
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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