GSA Capital Partners LLP bought a new position in Financial Engines, Inc. (NASDAQ:FNGN) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 14,140 shares of the asset manager’s stock, valued at approximately $518,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Bank of Montreal Can raised its holdings in Financial Engines by 0.5% in the 2nd quarter. Bank of Montreal Can now owns 9,379 shares of the asset manager’s stock worth $343,000 after acquiring an additional 47 shares during the period. Neuberger Berman Group LLC raised its holdings in Financial Engines by 0.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 9,673 shares of the asset manager’s stock worth $354,000 after acquiring an additional 80 shares during the period. Louisiana State Employees Retirement System raised its holdings in Financial Engines by 1.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 23,600 shares of the asset manager’s stock worth $864,000 after acquiring an additional 300 shares during the period. Victory Capital Management Inc. raised its holdings in Financial Engines by 13.4% in the 1st quarter. Victory Capital Management Inc. now owns 2,619 shares of the asset manager’s stock worth $114,000 after acquiring an additional 310 shares during the period. Finally, Blueport Capital L.P. raised its holdings in Financial Engines by 7.5% in the 1st quarter. Blueport Capital L.P. now owns 5,381 shares of the asset manager’s stock worth $234,000 after acquiring an additional 375 shares during the period.
Financial Engines, Inc. (NASDAQ FNGN) opened at 36.70 on Wednesday. Financial Engines, Inc. has a one year low of $25.00 and a one year high of $45.75. The company has a 50-day moving average of $33.30 and a 200 day moving average of $37.44. The company has a market cap of $2.32 billion, a P/E ratio of 56.46 and a beta of 2.20.
Financial Engines (NASDAQ:FNGN) last announced its quarterly earnings results on Tuesday, August 8th. The asset manager reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The firm had revenue of $118.47 million during the quarter, compared to analyst estimates of $119.94 million. Financial Engines had a net margin of 8.98% and a return on equity of 7.31%. The business’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 EPS. Equities research analysts predict that Financial Engines, Inc. will post $1.38 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 20th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Tuesday, September 19th. Financial Engines’s payout ratio is presently 43.75%.
FNGN has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Financial Engines from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Wednesday, July 12th. Sidoti initiated coverage on shares of Financial Engines in a report on Monday, July 10th. They issued a “buy” rating on the stock. DA Davidson initiated coverage on shares of Financial Engines in a report on Wednesday, June 21st. They issued a “buy” rating and a $44.00 target price on the stock. Barclays PLC initiated coverage on shares of Financial Engines in a report on Friday, September 8th. They issued an “overweight” rating and a $38.00 target price on the stock. Finally, BidaskClub downgraded shares of Financial Engines from a “sell” rating to a “strong sell” rating in a report on Saturday, July 1st. One analyst has rated the stock with a sell rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $42.50.
In other news, Director Michael E. Martin sold 4,109,128 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $33.05, for a total value of $135,806,680.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Jerome Campbell sold 2,000 shares of the stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $37.55, for a total transaction of $75,100.00. Following the completion of the transaction, the executive vice president now directly owns 41,020 shares in the company, valued at $1,540,301. The disclosure for this sale can be found here. Insiders sold 4,133,149 shares of company stock worth $136,660,683 over the last three months. Insiders own 15.97% of the company’s stock.
Financial Engines Company Profile
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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