Financial Engines, Inc. (NASDAQ:FNGN) EVP Gina M. Cruse sold 3,655 shares of Financial Engines stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $36.30, for a total transaction of $132,676.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Financial Engines (NASDAQ:FNGN) last issued its quarterly earnings data on Tuesday, August 8th. The asset manager reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.02). Financial Engines had a return on equity of 7.31% and a net margin of 8.98%. The company had revenue of $118.47 million during the quarter, compared to the consensus estimate of $119.94 million. During the same quarter last year, the company posted $0.28 earnings per share. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 20th were issued a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, September 19th. This represents a $0.28 annualized dividend and a yield of 0.76%. Financial Engines’s dividend payout ratio (DPR) is presently 43.75%.
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A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Financial Engines from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Tuesday. DA Davidson began coverage on shares of Financial Engines in a research note on Wednesday, June 21st. They issued a “buy” rating and a $44.00 price target for the company. BidaskClub downgraded shares of Financial Engines from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 1st. Barclays PLC began 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. Finally, Sidoti began coverage on shares of Financial Engines in a research note on Monday, July 10th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company. Financial Engines presently has a consensus rating of “Buy” and a consensus price target of $42.50.
Hedge funds and other institutional investors have recently modified their holdings of the business. UBS Asset Management Americas Inc. raised its holdings in Financial Engines by 58.2% in the 1st quarter. UBS Asset Management Americas Inc. now owns 31,195 shares of the asset manager’s stock worth $1,359,000 after purchasing an additional 11,476 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Financial Engines by 32.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 128,617 shares of the asset manager’s stock worth $5,601,000 after acquiring an additional 31,791 shares in the last quarter. Scout Investments Inc. increased its stake in shares of Financial Engines by 32.6% in the 2nd quarter. Scout Investments Inc. now owns 49,600 shares of the asset manager’s stock worth $1,815,000 after acquiring an additional 12,200 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Financial Engines by 11.8% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 68,700 shares of the asset manager’s stock worth $2,514,000 after acquiring an additional 7,270 shares in the last quarter. Finally, Pembroke Management LTD increased its stake in shares of Financial Engines by 21.5% in the 2nd quarter. Pembroke Management LTD now owns 418,500 shares of the asset manager’s stock worth $15,317,000 after acquiring an additional 74,100 shares in the last quarter.
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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