Huntington National Bank continued to hold its stake in shares of Financial Engines Inc. (NASDAQ:FNGN) during the second quarter, Holdings Channel reports. The institutional investor owned 3,622 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in Financial Engines were worth $152,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the company. BlackRock Inc. boosted its stake 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 during the period. Royal Bank of Canada boosted its stake 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 period. BNP Paribas Arbitrage SA boosted its stake 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 period. Bank of Montreal Can bought a new stake in shares of Financial Engines during the second quarter valued at about $455,000. Finally, Capstone Asset Management Co. boosted its stake 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 period.
Financial Engines Inc. (NASDAQ:FNGN) traded down 2.44% during midday trading on Friday, reaching $28.81. The company’s stock had a trading volume of 134,704 shares. The company has a market cap of $1.78 billion, a PE ratio of 59.65 and a beta of 1.91. Financial Engines Inc. has a 12 month low of $23.22 and a 12 month high of $40.00. The stock has a 50-day moving average price of $30.53 and a 200 day moving average price of $29.00.
Financial Engines (NASDAQ:FNGN) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 quarter last year, the business posted $0.23 EPS. Financial Engines’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 fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 4th. Stockholders of record on Tuesday, September 20th were paid a dividend of $0.07 per share. The ex-dividend date was Friday, September 16th. This represents a $0.28 annualized dividend and a dividend yield of 0.97%. Financial Engines’s payout ratio is currently 57.14%.
Several research firms have weighed in on FNGN. Zacks Investment Research upgraded Financial Engines from a “sell” rating to a “hold” rating in a research note on Monday, August 8th. William Blair restated an “outperform” rating on shares of Financial Engines in a research note on Wednesday, August 3rd. Finally, Jefferies Group restated a “buy” rating on shares of Financial Engines in a research note on Wednesday, August 3rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Financial Engines has a consensus rating of “Buy” and an average target price of $32.33.
In other news, EVP Christopher L. Jones sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $30.66, for a total transaction of $306,600.00. Following the completion of the sale, the executive vice president now owns 81,564 shares in the company, valued at approximately $2,500,752.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Heidi Fields sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $31.99, for a total transaction of $159,950.00. Following the sale, the director now owns 11,231 shares of the company’s stock, valued at approximately $359,279.69. The disclosure for this sale can be found here. Insiders own 15.97% of the company’s stock.
About Financial Engines
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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