Mason Street Advisors LLC bought a new stake in Financial Engines Inc. (NASDAQ:FNGN) during the second quarter, Holdings Channel reports. The institutional investor bought 10,338 shares of the company’s stock, valued at approximately $267,000.
A number of other institutional investors have also added to or reduced their stakes in the company. Prudential Financial Inc. increased its position in Financial Engines by 3.5% in the first quarter. Prudential Financial Inc. now owns 124,028 shares of the company’s stock valued at $3,898,000 after buying an additional 4,200 shares during the period. California Public Employees Retirement System increased its position in Financial Engines by 14.4% in the second quarter. California Public Employees Retirement System now owns 81,100 shares of the company’s stock valued at $2,098,000 after buying an additional 10,200 shares during the period. Cortina Asset Management LLC increased its position in Financial Engines by 4.9% in the second quarter. Cortina Asset Management LLC now owns 219,509 shares of the company’s stock valued at $5,679,000 after buying an additional 10,224 shares during the period. Loomis Sayles & Co. L P acquired a new position in Financial Engines during the first quarter valued at $15,530,000. Finally, Goldman Sachs Group Inc. increased its position in Financial Engines by 83.8% in the first quarter. Goldman Sachs Group Inc. now owns 112,730 shares of the company’s stock valued at $3,543,000 after buying an additional 51,404 shares during the period.
Shares of Financial Engines Inc. (NASDAQ:FNGN) opened at 28.81 on Monday. The firm’s 50-day moving average price is $30.53 and its 200 day moving average price is $29.00. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 59.65 and a beta of 1.91. Financial Engines Inc. has a 52 week low of $23.22 and a 52 week high of $40.00.
Financial Engines (NASDAQ:FNGN) last issued its earnings results on Tuesday, August 2nd. The company reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.04. The business had revenue of $106.20 million for the quarter, compared to analysts’ expectations of $103.16 million. Financial Engines had a return on equity of 7.20% and a net margin of 7.75%. The company’s quarterly revenue was up 35.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.23 EPS. On average, analysts anticipate that Financial Engines Inc. will post $1.10 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 4th. Stockholders of record on Tuesday, September 20th were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, September 16th. This represents a $0.28 annualized dividend and a dividend yield of 0.97%. Financial Engines’s dividend payout ratio (DPR) is presently 57.14%.
Several equities analysts recently weighed in on FNGN shares. Zacks Investment Research downgraded Financial Engines from a “hold” rating to a “sell” rating in a research report on Wednesday, July 20th. Jefferies Group restated a “buy” rating on shares of Financial Engines in a research note on Wednesday, August 3rd. Finally, William Blair restated an “outperform” rating on shares of Financial Engines in a research note on Wednesday, August 3rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $32.33.
In other news, EVP Lewis Antone, Jr. sold 960 shares of the firm’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 $30,720.00. Following the completion of the sale, the executive vice president now owns 3,348 shares of the company’s stock, valued at $107,136. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Christopher L. Jones sold 10,000 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $28.23, for a total value of $282,300.00. Following the completion of the sale, the executive vice president now directly owns 91,564 shares of the company’s stock, valued at approximately $2,584,851.72. The disclosure for this sale can be found here. 15.97% of the stock is owned by 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.
Want to see what other hedge funds are holding FNGN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Financial Engines Inc. (NASDAQ:FNGN).
Receive News & Ratings for Financial Engines Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Financial Engines Inc. and related companies with MarketBeat.com's FREE daily email newsletter.