Financial Engines Inc (FNGN) Shares Bought by State of Wisconsin Investment Board
State of Wisconsin Investment Board grew its position in shares of Financial Engines Inc (NASDAQ:FNGN) by 22.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 136,000 shares of the asset manager’s stock after buying an additional 25,000 shares during the quarter. State of Wisconsin Investment Board’s holdings in Financial Engines were worth $4,121,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of the business. Bamco Inc. NY grew its stake in Financial Engines by 6.3% during the third quarter. Bamco Inc. NY now owns 4,581,002 shares of the asset manager’s stock worth $159,190,000 after buying an additional 269,500 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Financial Engines by 10.7% during the third quarter. Janus Henderson Group PLC now owns 3,235,665 shares of the asset manager’s stock worth $112,439,000 after purchasing an additional 313,400 shares in the last quarter. Villere ST Denis J & Co. LLC lifted its position 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. State Street Corp lifted its position in shares of Financial Engines by 8.6% during the second quarter. State Street Corp now owns 1,441,265 shares of the asset manager’s stock worth $52,751,000 after purchasing an additional 114,580 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Financial Engines by 31.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,006,003 shares of the asset manager’s stock worth $34,957,000 after purchasing an additional 242,066 shares in the last quarter.
In related news, COO John Bunch sold 5,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $35.00, for a total value of $175,000.00. Following the transaction, the chief operating officer now directly owns 15,586 shares in the company, valued at $545,510. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Lawrence M. Raffone acquired 15,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was acquired at an average price of $28.54 per share, for a total transaction of $428,100.00. Following the completion of the acquisition, the chief executive officer now directly owns 66,540 shares of the company’s stock, valued at $1,899,051.60. The disclosure for this purchase can be found here. Insiders sold 22,673 shares of company stock worth $784,645 over the last 90 days. 9.27% of the stock is currently owned by company insiders.
Financial Engines Inc (NASDAQ:FNGN) opened at $32.45 on Friday. Financial Engines Inc has a 12-month low of $24.45 and a 12-month high of $45.75. The stock has a market cap of $2,058.95, a P/E ratio of 31.09, a PEG ratio of 1.57 and a beta of 1.62.
Financial Engines (NASDAQ:FNGN) last announced its quarterly earnings data on Thursday, February 22nd. The asset manager reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.01. Financial Engines had a net margin of 9.71% and a return on equity of 8.07%. The business had revenue of $125.69 million for the quarter, compared to analyst estimates of $126.49 million. During the same period in the prior year, the business posted $0.29 earnings per share. Financial Engines’s revenue was up 11.0% compared to the same quarter last year. equities research analysts expect that Financial Engines Inc will post 1.39 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Thursday, March 22nd will be issued a $0.08 dividend. This is a positive change from Financial Engines’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Wednesday, March 21st. Financial Engines’s dividend payout ratio is currently 38.36%.
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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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