Scout Investments Inc. Has $3.20 Million Position in Financial Engines, Inc. (FNGN)
Scout Investments Inc. increased its position in shares of Financial Engines, Inc. (NASDAQ:FNGN) by 85.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,125 shares of the asset manager’s stock after purchasing an additional 42,525 shares during the period. Scout Investments Inc. owned 145,882.82% of Financial Engines worth $3,201,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the stock. Baillie Gifford & Co. grew its stake in shares of Financial Engines by 0.7% during the second quarter. Baillie Gifford & Co. now owns 5,599,838 shares of the asset manager’s stock worth $204,954,000 after purchasing an additional 40,874 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Financial Engines by 5.3% during the second quarter. Vanguard Group Inc. now owns 5,221,858 shares of the asset manager’s stock worth $191,120,000 after purchasing an additional 261,539 shares in the last quarter. Janus Henderson Group PLC acquired a new position in shares of Financial Engines during the second quarter worth $106,955,000. Villere ST Denis J & Co. LLC grew its stake in shares of Financial Engines by 5.1% during the third quarter. Villere ST Denis J & Co. LLC now owns 2,365,510 shares of the asset manager’s stock worth $82,201,000 after purchasing an additional 115,467 shares in the last quarter. Finally, Van Berkom & Associates Inc. grew its stake in shares of Financial Engines by 0.4% during the second quarter. Van Berkom & Associates Inc. now owns 1,550,355 shares of the asset manager’s stock worth $56,743,000 after purchasing an additional 5,980 shares in the last quarter.
Shares of Financial Engines, Inc. (NASDAQ FNGN) opened at $26.95 on Friday. Financial Engines, Inc. has a 1 year low of $24.45 and a 1 year high of $45.75. The firm has a market cap of $1,706.39, a price-to-earnings ratio of 28.37, a P/E/G ratio of 1.83 and a beta of 2.25.
Financial Engines (NASDAQ:FNGN) last announced its quarterly earnings results on Thursday, November 2nd. The asset manager reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36. Financial Engines had a net margin of 10.56% and a return on equity of 7.60%. The firm had revenue of $122.20 million during the quarter, compared to analysts’ expectations of $124.11 million. During the same period in the previous year, the company earned $0.31 earnings per share. Financial Engines’s quarterly revenue was up 8.7% compared to the same quarter last year. analysts anticipate that Financial Engines, Inc. will post 1.03 EPS for the current fiscal year.
Financial Engines announced that its Board of Directors has approved a share repurchase plan on Thursday, November 2nd that allows the company to repurchase $60.00 million in shares. This repurchase authorization allows the asset manager to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Thursday, December 14th will be given a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, December 13th. This represents a $0.28 dividend on an annualized basis and a yield of 1.04%. Financial Engines’s dividend payout ratio (DPR) is presently 36.36%.
A number of equities analysts recently commented on FNGN shares. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Financial Engines in a research note on Friday, November 3rd. DA Davidson reiterated a “buy” rating and set a $38.00 target price on shares of Financial Engines in a research note on Monday, November 6th. Zacks Investment Research upgraded 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, October 10th. Barclays PLC reduced their price target on shares of Financial Engines from $38.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, November 6th. Finally, UBS AG cut shares of Financial Engines to an “underperform” rating in a research report on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $38.50.
In other news, insider Jeffrey C. Grace sold 8,689 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $35.00, for a total value of $304,115.00. Following the completion of the sale, the insider now directly owns 11,923 shares of the company’s stock, valued at $417,305. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Christopher L. Jones sold 6,982 shares of the company’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $36.51, for a total transaction of $254,912.82. Following the completion of the sale, the executive vice president now directly owns 40,963 shares of the company’s stock, valued at $1,495,559.13. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,151,762 shares of company stock valued at $137,335,013. 9.27% of the stock is owned by corporate insiders.
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Financial Engines Profile
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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