Financial Engines (FNGN) Cut to “Hold” at BidaskClub

BidaskClub lowered shares of Financial Engines (NASDAQ:FNGN) from a buy rating to a hold rating in a research note released on Wednesday, January 10th.

Several other analysts also recently issued reports on FNGN. Zacks Investment Research upgraded Financial Engines from a hold rating to a buy rating and set a $41.00 price objective on the stock in a report on Tuesday, October 10th. William Blair downgraded Financial Engines from an outperform rating to a market perform rating in a report on Friday, November 3rd. Raymond James Financial restated an underperform rating on shares of Financial Engines in a report on Friday, November 3rd. Northland Securities restated a buy rating on shares of Financial Engines in a report on Friday, November 3rd. Finally, DA Davidson restated a buy rating and set a $38.00 price objective on shares of Financial Engines in a report on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $35.75.

Shares of Financial Engines (NASDAQ FNGN) traded up $0.35 during trading on Wednesday, reaching $28.80. 496,879 shares of the company’s stock traded hands, compared to its average volume of 504,758. The company has a market capitalization of $1,810.88, a PE ratio of 37.40, a PEG ratio of 1.54 and a beta of 2.15. Financial Engines has a 12-month low of $24.45 and a 12-month high of $45.75.

Financial Engines (NASDAQ:FNGN) last posted its quarterly earnings data on Thursday, November 2nd. The asset manager reported $0.36 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. The firm had revenue of $122.20 million for the quarter, compared to the consensus estimate of $124.11 million. Financial Engines had a return on equity of 7.60% and a net margin of 10.56%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.31 EPS. equities analysts anticipate that Financial Engines will post 1.04 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Thursday, December 14th were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, December 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.97%. Financial Engines’s dividend payout ratio is 36.36%.

Financial Engines declared that its Board of Directors has authorized a share repurchase plan on Thursday, November 2nd that allows the company to repurchase $60.00 million in outstanding shares. This repurchase authorization allows the asset manager to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

In other news, Director Blake R. Grossman purchased 18,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was acquired at an average price of $28.71 per share, with a total value of $516,780.00. Following the purchase, the director now owns 43,726 shares in the company, valued at approximately $1,255,373.46. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lawrence M. Raffone purchased 15,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was purchased at an average cost of $28.54 per share, with a total value of $428,100.00. Following the purchase, the chief executive officer now owns 66,540 shares in the company, valued at approximately $1,899,051.60. The disclosure for this purchase can be found here. 9.27% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in FNGN. Janus Henderson Group PLC bought a new stake in shares of Financial Engines in the 2nd quarter valued at approximately $106,955,000. Rice Hall James & Associates LLC bought a new stake in shares of Financial Engines in the 4th quarter valued at approximately $8,276,000. Bamco Inc. NY grew its stake in shares of Financial Engines by 6.3% in the 3rd quarter. Bamco Inc. NY now owns 4,581,002 shares of the asset manager’s stock valued at $159,190,000 after buying an additional 269,500 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Financial Engines in the 3rd quarter valued at approximately $9,131,000. Finally, Vanguard Group Inc. grew its stake in shares of Financial Engines by 5.3% in the 2nd quarter. Vanguard Group Inc. now owns 5,221,858 shares of the asset manager’s stock valued at $191,120,000 after buying an additional 261,539 shares in the last quarter.

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Financial Engines Company 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.

Analyst Recommendations for Financial Engines (NASDAQ:FNGN)

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