Financial Engines Inc (NASDAQ:FNGN) COO John Bunch sold 5,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $35.00, for a total transaction of $175,000.00. Following the sale, the chief operating officer now directly owns 15,586 shares in the company, valued at $545,510. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Financial Engines Inc (NASDAQ FNGN) traded down $2.40 on Monday, hitting $35.90. 949,454 shares of the stock traded hands, compared to its average volume of 518,912. Financial Engines Inc has a twelve month low of $24.45 and a twelve month high of $45.75. The company has a market capitalization of $2,415.25, a PE ratio of 52.47, a P/E/G ratio of 1.94 and a beta of 1.89.
Financial Engines (NASDAQ:FNGN) last released its quarterly earnings results on Thursday, February 22nd. The asset manager reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.01. Financial Engines had a net margin of 9.71% and a return on equity of 8.07%. The business had revenue of $125.69 million for the quarter, compared to analysts’ expectations of $126.49 million. During the same period in the prior year, the firm earned $0.29 earnings per share. Financial Engines’s revenue was up 11.0% compared to the same quarter last year. research analysts anticipate that Financial Engines Inc will post 1.31 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Thursday, March 22nd will be paid a dividend of $0.08 per share. This is a boost from Financial Engines’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Wednesday, March 21st. Financial Engines’s dividend payout ratio is 38.36%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC bought a new stake in shares of Financial Engines during the fourth quarter valued at approximately $832,000. HCSF Management LLC bought a new stake in shares of Financial Engines during the fourth quarter valued at approximately $6,060,000. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Financial Engines by 376.5% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,860 shares of the asset manager’s stock valued at $117,000 after purchasing an additional 3,050 shares during the last quarter. Elkfork Partners LLC bought a new stake in shares of Financial Engines during the fourth quarter valued at approximately $542,000. Finally, Two Sigma Investments LP grew its stake in shares of Financial Engines by 274.1% during the fourth quarter. Two Sigma Investments LP now owns 41,900 shares of the asset manager’s stock valued at $1,270,000 after purchasing an additional 30,700 shares during the last quarter.
Several analysts have weighed in on FNGN shares. Zacks Investment Research raised shares of Financial Engines from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective on the stock in a research note on Friday, January 19th. Barclays cut shares of Financial Engines from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $30.00 to $33.00 in a research note on Monday, January 8th. ValuEngine cut shares of Financial Engines from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. BidaskClub cut shares of Financial Engines from a “hold” rating to a “sell” rating in a research note on Saturday, December 16th. Finally, Northland Securities reaffirmed a “buy” rating on shares of Financial Engines in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Financial Engines has an average rating of “Buy” and a consensus target price of $35.75.
COPYRIGHT VIOLATION WARNING: “Insider Selling: Financial Engines Inc (FNGN) COO Sells 5,000 Shares of Stock” was first reported by Ticker Report and is owned by of Ticker Report. If you are accessing this article on another domain, it was stolen and reposted in violation of international copyright & trademark law. The legal version of this article can be accessed at https://www.tickerreport.com/banking-finance/3224150/insider-selling-financial-engines-inc-fngn-coo-sells-5000-shares-of-stock.html.
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.
Receive News & Ratings for Financial Engines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Financial Engines and related companies with MarketBeat.com's FREE daily email newsletter.