Financial Engines, Inc. (FNGN) Declares Quarterly Dividend of $0.07
Financial Engines, Inc. (NASDAQ:FNGN) announced a quarterly dividend on Friday, November 3rd, Wall Street Journal reports. Shareholders of record on Thursday, December 14th will be paid a dividend of 0.07 per share by the asset manager on Friday, January 5th. This represents a $0.28 annualized dividend and a yield of 1.05%. The ex-dividend date is Wednesday, December 13th.
Shares of Financial Engines (NASDAQ:FNGN) traded down $8.60 during midday trading on Friday, reaching $26.60. The company’s stock had a trading volume of 4,296,683 shares, compared to its average volume of 232,602. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 36.90 and a beta of 2.25.
Financial Engines (NASDAQ:FNGN) last issued its quarterly earnings data on Thursday, November 2nd. The asset manager reported $0.36 EPS for the quarter, meeting the consensus estimate of $0.36. The firm had revenue of $122.20 million during the quarter, compared to the consensus estimate of $124.11 million. Financial Engines had a net margin of 10.56% and a return on equity of 7.74%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 earnings per share. equities research analysts anticipate that Financial Engines will post 1.04 EPS for the current fiscal year.
In other news, EVP Michael Jerome Campbell sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $31.75, for a total transaction of $63,500.00. Following the sale, the executive vice president now owns 41,020 shares in the company, valued at $1,302,385. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Jeffrey C. Grace sold 7,718 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $37.63, for a total transaction of $290,428.34. Following the sale, the insider now owns 4,140 shares in the company, valued at approximately $155,788.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,159,749 shares of company stock worth $137,635,462. Corporate insiders own 9.27% of the company’s stock.
A number of equities analysts recently issued reports on the stock. Sidoti assumed coverage on shares of Financial Engines in a research note on Monday, July 10th. They issued a “buy” rating for the company. Zacks Investment Research raised shares of Financial Engines from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research note on Wednesday, July 12th. Barclays PLC assumed coverage on shares of Financial Engines in a research note on Friday, September 8th. They issued an “overweight” rating and a $38.00 price target for the company. William Blair downgraded shares of Financial Engines from an “outperform” rating to a “market perform” rating in a research note on Friday. Finally, UBS AG downgraded shares of Financial Engines to an “underperform” rating in a research note on Friday. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $42.00.
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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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