JPMorgan Chase & Co. cut its position in shares of Financial Engines Inc. (NASDAQ:FNGN) by 12.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 676,569 shares of the company’s stock after selling 95,680 shares during the period. JPMorgan Chase & Co. owned approximately 1.10% of Financial Engines worth $17,503,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the stock. Norges Bank purchased a new position in Financial Engines during the fourth quarter valued at about $15,104,000. Prudential Financial Inc. boosted its position in Financial Engines by 3.5% in the first quarter. Prudential Financial Inc. now owns 124,028 shares of the company’s stock valued at $3,898,000 after buying an additional 4,200 shares in the last quarter. BlackRock Inc. boosted its position in Financial Engines by 100.3% in the first quarter. BlackRock Inc. now owns 3,977 shares of the company’s stock valued at $125,000 after buying an additional 1,991 shares in the last quarter. Royce & Associates LP boosted its position in Financial Engines by 17.9% in the first quarter. Royce & Associates LP now owns 375,200 shares of the company’s stock valued at $11,793,000 after buying an additional 57,000 shares in the last quarter. Finally, Menta Capital LLC boosted its position in Financial Engines by 19.9% in the first quarter. Menta Capital LLC now owns 34,931 shares of the company’s stock valued at $1,098,000 after buying an additional 5,800 shares in the last quarter.
Shares of Financial Engines Inc. (NASDAQ:FNGN) traded down 0.17% on Wednesday, reaching $29.06. 32,694 shares of the company’s stock traded hands. Financial Engines Inc. has a 52 week low of $23.22 and a 52 week high of $40.00. The company has a 50 day moving average price of $30.72 and a 200 day moving average price of $28.98. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 60.17 and a beta of 1.95.
Financial Engines (NASDAQ:FNGN) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.04. The company earned $106.20 million during the quarter, compared to analyst estimates of $103.16 million. Financial Engines had a net margin of 7.75% and a return on equity of 7.20%. The firm’s revenue for the quarter was up 35.8% compared to the same quarter last year. During the same period last year, the business earned $0.23 EPS. On average, equities research analysts predict that Financial Engines Inc. will post $1.10 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Tuesday, September 20th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Friday, September 16th. Financial Engines’s dividend payout ratio (DPR) is presently 57.14%.
FNGN has been the subject of several analyst reports. William Blair reissued an “outperform” rating on shares of Financial Engines in a report on Wednesday, August 3rd. Zacks Investment Research cut shares of Financial Engines from a “hold” rating to a “sell” rating in a report on Wednesday, July 20th. Finally, Jefferies Group reissued a “buy” rating on shares of Financial Engines in a report on Wednesday, August 3rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $33.67.
In related news, EVP Christopher L. Jones sold 10,000 shares of Financial Engines stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $29.88, for a total value of $298,800.00. Following the sale, the executive vice president now directly owns 88,035 shares in the company, valued at approximately $2,630,485.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Lewis Antone, Jr. sold 960 shares of Financial Engines stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $32.00, for a total transaction of $30,720.00. Following the completion of the sale, the executive vice president now owns 3,348 shares in the company, valued at $107,136. The disclosure for this sale can be found here. 15.97% of the stock is currently owned by insiders.
About Financial Engines
Financial Engines, Inc provides independent, technology-enabled portfolio management services, investment advice and retirement income services to participants in employer-sponsored defined contribution plans, such as 401(k) plans. 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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