Principal Financial Group Inc. boosted its stake in shares of Financial Engines Inc. (NASDAQ:FNGN) by 2.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 372,112 shares of the company’s stock after buying an additional 10,649 shares during the period. Principal Financial Group Inc. owned approximately 0.60% of Financial Engines worth $9,627,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of FNGN. Prudential Financial Inc. raised its stake 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. BlackRock Inc. raised its stake in 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. Royce & Associates LP raised its stake in Financial Engines by 17.9% in the first quarter. Royce & Associates LP now owns 375,200 shares of the company’s stock valued at $11,793,000 after buying an additional 57,000 shares during the period. Menta Capital LLC raised its stake in Financial Engines by 19.9% in the first quarter. Menta Capital LLC now owns 34,931 shares of the company’s stock valued at $1,098,000 after buying an additional 5,800 shares during the period. Finally, State Street Corp raised its stake in Financial Engines by 0.5% in the first quarter. State Street Corp now owns 1,131,874 shares of the company’s stock valued at $35,582,000 after buying an additional 5,651 shares during the period.
Financial Engines Inc. (NASDAQ:FNGN) opened at 28.23 on Monday. The company’s 50-day moving average price is $30.12 and its 200 day moving average price is $28.98. The stock has a market capitalization of $1.74 billion, a P/E ratio of 58.45 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 posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.04. Financial Engines had a return on equity of 7.20% and a net margin of 7.75%. The company had revenue of $106.20 million for the quarter, compared to the consensus estimate of $103.16 million. During the same quarter in the previous year, the business earned $0.23 EPS. The company’s quarterly revenue was up 35.8% compared to the same quarter last year. On average, equities research analysts anticipate that Financial Engines Inc. will post $1.10 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 4th. Stockholders of record on Tuesday, September 20th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, September 16th. Financial Engines’s dividend payout ratio is presently 57.14%.
A number of analysts recently commented on FNGN shares. Zacks Investment Research lowered Financial Engines from a “hold” rating to a “sell” rating in a research note on Wednesday, July 13th. William Blair reaffirmed an “outperform” rating on shares of Financial Engines in a research note on Wednesday, August 3rd. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Financial Engines in a research note on Wednesday, August 3rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. 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 Financial Engines stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $30.66, for a total transaction of $306,600.00. Following the transaction, the executive vice president now owns 81,564 shares in the company, valued at $2,500,752.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lawrence M. Raffone sold 7,683 shares of Financial Engines stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $32.06, for a total value of $246,316.98. Following the transaction, the chief executive officer now owns 35,910 shares in the company, valued at approximately $1,151,274.60. The disclosure for this sale can be found here. 15.97% of the stock is owned by insiders.
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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