Financial Engines, Inc. (NASDAQ:FNGN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, May 12th.
According to Zacks, “Financial Engines, Inc. is an independent investment advisor that provides personalized retirement plans for saving, investing, and retirement income. Financial Engines offers both online advice and professional management to meet the needs of different investors. Its services include Professional Management, a discretionary managed account service designed for plan participants who want personalized and professional portfolio management services, investment advice, and retirement help from an independent investment advisor; Online Advice, a nondiscretionary Internet-based service that offers personalized advice to plan participants who wish to take an active role in personally managing their retirement portfolios; and Retirement Evaluation, a retirement readiness assessment provided to plan participants upon plan rollout. Financial Engines, Inc. is headquartered in Palo Alto, California. “
A number of other brokerages have also recently weighed in on FNGN. William Blair restated an “outperform” rating on shares of Financial Engines in a report on Monday, February 13th. Jefferies Group LLC set a $47.00 price objective on shares of Financial Engines and gave the stock a “buy” rating in a research note on Saturday, February 25th. Finally, TheStreet raised shares of Financial Engines from a “c+” rating to a “b-” rating in a research note on Thursday, April 27th.
Shares of Financial Engines (NASDAQ:FNGN) traded down 0.52% during mid-day trading on Friday, hitting $38.35. The stock had a trading volume of 438,773 shares. The firm has a 50 day moving average price of $39.79 and a 200 day moving average price of $39.55. Financial Engines has a 52-week low of $23.56 and a 52-week high of $45.75. The firm has a market cap of $2.41 billion, a PE ratio of 65.22 and a beta of 2.17.
Financial Engines (NASDAQ:FNGN) last announced its quarterly earnings results on Thursday, May 4th. The asset manager reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. Financial Engines had a net margin of 8.39% and a return on equity of 7.24%. The company had revenue of $114.10 million for the quarter, compared to analyst estimates of $115.78 million. During the same quarter last year, the business earned $0.24 earnings per share. Financial Engines’s revenue was up 23.9% compared to the same quarter last year. Equities analysts predict that Financial Engines will post $1.36 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 6th. Shareholders of record on Wednesday, June 14th will be given a $0.07 dividend. The ex-dividend date is Monday, June 12th. This represents a $0.28 annualized dividend and a yield of 0.73%. Financial Engines’s dividend payout ratio is 48.28%.
In other Financial Engines news, EVP Michael Jerome Campbell sold 2,000 shares of the business’s stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $41.25, for a total value of $82,500.00. Following the completion of the transaction, the executive vice president now directly owns 40,254 shares of the company’s stock, valued at $1,660,477.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Raymond J. Sims sold 24,649 shares of the business’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $42.53, for a total transaction of $1,048,321.97. Following the sale, the chief financial officer now directly owns 26,358 shares of the company’s stock, valued at $1,121,005.74. The disclosure for this sale can be found here. Insiders sold a total of 141,261 shares of company stock worth $5,799,275 over the last 90 days. Company insiders own 15.97% of the company’s stock.
Large investors have recently modified their holdings of the stock. Louisiana State Employees Retirement System increased its stake in shares of Financial Engines by 0.4% in the third quarter. Louisiana State Employees Retirement System now owns 23,500 shares of the asset manager’s stock valued at $698,000 after buying an additional 100 shares during the last quarter. Glen Harbor Capital Management LLC boosted its position in shares of Financial Engines by 0.8% in the first quarter. Glen Harbor Capital Management LLC now owns 22,368 shares of the asset manager’s stock valued at $974,000 after buying an additional 176 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of Financial Engines by 1.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 11,740 shares of the asset manager’s stock valued at $349,000 after buying an additional 210 shares during the last quarter. Tyers Asset Management LLC boosted its position in shares of Financial Engines by 0.8% in the first quarter. Tyers Asset Management LLC now owns 30,756 shares of the asset manager’s stock valued at $1,340,000 after buying an additional 242 shares during the last quarter. Finally, Flinton Capital Management LLC boosted its position in shares of Financial Engines by 0.8% in the first quarter. Flinton Capital Management LLC now owns 39,144 shares of the asset manager’s stock valued at $1,705,000 after buying an additional 308 shares during the last quarter.
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.
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