First Trust Advisors LP bought a new stake in Financial Engines Inc. (NASDAQ:FNGN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,583 shares of the company’s stock, valued at approximately $274,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in FNGN. Prudential Financial Inc. raised its position in shares of 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. raised its position in shares of 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 raised its position in shares of 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. Menta Capital LLC raised its position in shares of 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. Finally, State Street Corp raised its position in shares of Financial Engines by 0.5% in the first quarter. State Street Corp now owns 1,131,874 shares of the company’s stock valued at $35,582,000 after buying an additional 5,651 shares in the last quarter.
Financial Engines Inc. (NASDAQ:FNGN) traded down 1.28% on Monday, hitting $27.87. The stock had a trading volume of 17,491 shares. Financial Engines Inc. has a 52-week low of $23.22 and a 52-week high of $40.00. The company has a market cap of $1.72 billion, a P/E ratio of 57.70 and a beta of 1.91. The stock’s 50-day moving average is $30.12 and its 200-day moving average is $28.98.
Financial Engines (NASDAQ:FNGN) last announced its earnings results on Tuesday, August 2nd. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.04. Financial Engines had a net margin of 7.75% and a return on equity of 7.20%. The company earned $106.20 million during the quarter, compared to analyst estimates of $103.16 million. During the same period in the previous year, the business earned $0.23 earnings per share. The firm’s quarterly revenue was up 35.8% compared to the same quarter last year. Analysts expect that Financial Engines Inc. will post $1.10 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 4th. Investors of record on Tuesday, September 20th were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, September 16th. This represents a $0.28 annualized dividend and a yield of 0.99%. Financial Engines’s dividend payout ratio (DPR) is presently 57.14%.
Several research analysts recently issued reports on FNGN shares. Zacks Investment Research lowered Financial Engines from a “hold” rating to a “sell” rating in a research report on Wednesday, July 13th. William Blair reissued an “outperform” rating on shares of Financial Engines in a research report on Wednesday, August 3rd. Finally, Jefferies Group reissued a “buy” rating on shares of Financial Engines in a research report on Wednesday, August 3rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $32.33.
In other Financial Engines news, EVP Lewis Antone, Jr. sold 960 shares of the company’s 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 directly owns 3,348 shares in the company, valued at $107,136. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Christopher L. Jones sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $28.23, for a total transaction of $282,300.00. Following the sale, the executive vice president now owns 91,564 shares of the company’s stock, valued at $2,584,851.72. The disclosure for this sale can be found here. 15.97% of the stock is currently owned by corporate insiders.
Financial Engines Company Profile
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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