Financial & Investment Management Group Ltd. purchased a new position in Financial Engines Inc. (NASDAQ:FNGN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 22,245 shares of the company’s stock, valued at approximately $575,000.
Other hedge funds have also made changes to their positions in the company. 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. Royal Bank of Canada increased its position in shares of Financial Engines by 1.6% in the first quarter. Royal Bank of Canada now owns 8,381 shares of the company’s stock valued at $263,000 after buying an additional 136 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Financial Engines by 114.7% in the second quarter. BNP Paribas Arbitrage SA now owns 16,539 shares of the company’s stock valued at $428,000 after buying an additional 8,836 shares during the last quarter. Bank of Montreal Can bought a new position in shares of Financial Engines during the second quarter valued at $455,000. Finally, Capstone Asset Management Co. increased its position in shares of Financial Engines by 9.5% in the second quarter. Capstone Asset Management Co. now owns 18,473 shares of the company’s stock valued at $478,000 after buying an additional 1,610 shares during the last quarter.
Financial Engines Inc. (NASDAQ:FNGN) traded down 0.93% during midday trading on Tuesday, reaching $29.77. The company had a trading volume of 172,537 shares. The firm has a 50-day moving average of $30.71 and a 200 day moving average of $29.01. Financial Engines Inc. has a 1-year low of $23.22 and a 1-year high of $40.00. The company has a market capitalization of $1.84 billion, a P/E ratio of 61.64 and a beta of 1.91.
Financial Engines (NASDAQ:FNGN) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.04. The company had revenue of $106.20 million for the quarter, compared to the consensus estimate of $103.16 million. Financial Engines had a return on equity of 7.20% and a net margin of 7.75%. Financial Engines’s quarterly revenue was up 35.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.23 EPS. On average, equities research analysts forecast that Financial Engines Inc. will post $1.10 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Tuesday, September 20th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.94%. The ex-dividend date is Friday, September 16th. Financial Engines’s dividend payout ratio (DPR) is presently 57.14%.
Several brokerages have recently weighed in on FNGN. Zacks Investment Research upgraded Financial Engines from a “sell” rating to a “hold” rating in a report on Monday, August 8th. William Blair restated an “outperform” rating on shares of Financial Engines in a report on Wednesday, August 3rd. Finally, Jefferies Group restated a “buy” rating on shares of Financial Engines in a report on Wednesday, August 3rd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Financial Engines has a consensus rating of “Buy” and a consensus target price of $33.67.
In other Financial Engines news, Director Heidi Fields sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $31.99, for a total value of $159,950.00. Following the completion of the sale, the director now directly owns 11,231 shares in the company, valued at approximately $359,279.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Lawrence M. Raffone sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $32.00, for a total value of $320,000.00. Following the completion of the sale, the chief executive officer now owns 38,227 shares of the company’s stock, valued at $1,223,264. The disclosure for this sale can be found here. 15.97% of the stock is owned by company 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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