Villere ST Denis J & Co. LLC Decreases Stake in Financial Engines Inc. (FNGN)
Villere ST Denis J & Co. LLC decreased its stake in Financial Engines Inc. (NASDAQ:FNGN) by 1.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,755,951 shares of the company’s stock after selling 30,960 shares during the period. Financial Engines makes up about 5.0% of Villere ST Denis J & Co. LLC’s holdings, making the stock its 6th largest position. Villere ST Denis J & Co. LLC’s holdings in Financial Engines were worth $81,879,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its position in Financial Engines by 13.1% in the second quarter. BlackRock Inc. now owns 4,498 shares of the company’s stock valued at $116,000 after buying an additional 521 shares during the last quarter. Paradigm Asset Management Co. LLC boosted its stake in shares of Financial Engines by 16.1% in the second quarter. Paradigm Asset Management Co. LLC now owns 5,750 shares of the company’s stock worth $149,000 after buying an additional 797 shares during the period. PineBridge Investments L.P. boosted its stake in shares of Financial Engines by 6.0% in the second quarter. PineBridge Investments L.P. now owns 6,706 shares of the company’s stock worth $173,000 after buying an additional 382 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of Financial Engines by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 7,191 shares of the company’s stock worth $186,000 after buying an additional 875 shares during the period. Finally, Commonwealth Equity Services Inc bought a new stake in shares of Financial Engines during the second quarter worth about $204,000.
Shares of Financial Engines Inc. (NASDAQ:FNGN) opened at 34.85 on Thursday. The stock has a market cap of $2.16 billion, a PE ratio of 77.79 and a beta of 1.82. The firm has a 50 day moving average price of $29.69 and a 200 day moving average price of $28.61. Financial Engines Inc. has a 12-month low of $23.22 and a 12-month high of $36.55.
Financial Engines (NASDAQ:FNGN) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.02. Financial Engines had a return on equity of 7.03% and a net margin of 6.74%. The firm earned $112.42 million during the quarter, compared to analysts’ expectations of $109.58 million. During the same quarter in the previous year, the business earned $0.24 earnings per share. The company’s revenue was up 42.6% on a year-over-year basis. On average, equities analysts expect that Financial Engines Inc. will post $1.14 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 6th. Investors of record on Wednesday, December 14th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Monday, December 12th. Financial Engines’s payout ratio is currently 63.64%.
A number of analysts recently issued reports on the company. William Blair reissued an “outperform” rating on shares of Financial Engines in a report on Wednesday, August 3rd. Zacks Investment Research raised Financial Engines from a “sell” rating to a “hold” rating in a report on Monday, August 8th. Finally, Jefferies Group reissued a “buy” rating on shares of Financial Engines in a report on Wednesday, August 3rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $34.67.
In related news, EVP Lewis Antone, Jr. sold 960 shares of Financial Engines stock in a transaction on Wednesday, November 16th. 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 2,388 shares of the company’s stock, valued at $76,416. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lawrence M. Raffone sold 10,000 shares of Financial Engines stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $32.05, for a total value of $320,500.00. Following the completion of the sale, the chief executive officer now directly owns 35,910 shares of the company’s stock, valued at approximately $1,150,915.50. The disclosure for this sale can be found here. 15.97% of the stock is owned by corporate 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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