Financial Engines, Inc. (FNGN) Now Covered by Barclays PLC
Equities research analysts at Barclays PLC began coverage on shares of Financial Engines, Inc. (NASDAQ:FNGN) in a report released on Friday, Marketbeat.com reports. The brokerage set an “overweight” rating and a $38.00 price target on the asset manager’s stock. Barclays PLC’s price objective points to a potential upside of 21.02% from the stock’s current price.
Several other analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of Financial Engines from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Wednesday, July 12th. Sidoti started coverage on shares of Financial Engines in a research note on Monday, July 10th. They issued a “buy” rating for the company. DA Davidson started coverage on shares of Financial Engines in a research note on Wednesday, June 21st. They issued a “buy” rating and a $44.00 price objective for the company. Finally, BidaskClub cut shares of Financial Engines from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. Financial Engines has an average rating of “Buy” and an average price target of $42.75.
Financial Engines (NASDAQ FNGN) traded up 1.29% during mid-day trading on Friday, reaching $31.40. 440,920 shares of the company were exchanged. The company’s 50 day moving average price is $34.88 and its 200-day moving average price is $38.81. Financial Engines has a 12-month low of $25.00 and a 12-month high of $45.75. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 48.31 and a beta of 2.22.
Financial Engines (NASDAQ:FNGN) last issued its quarterly earnings data on Tuesday, August 8th. The asset manager reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by $0.02. Financial Engines had a return on equity of 7.31% and a net margin of 8.98%. The business had revenue of $118.47 million during the quarter, compared to analyst estimates of $119.94 million. During the same quarter last year, the firm earned $0.28 EPS. Financial Engines’s revenue for the quarter was up 11.5% compared to the same quarter last year. On average, equities research analysts forecast that Financial Engines will post $1.37 earnings per share for the current fiscal year.
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In other Financial Engines news, insider Jeffrey C. Grace sold 2,874 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $39.55, for a total value of $113,666.70. Following the transaction, the insider now directly owns 14,732 shares of the company’s stock, valued at approximately $582,650.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Michael Jerome Campbell sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $31.75, for a total transaction of $63,500.00. Following the completion of the transaction, the executive vice president now directly owns 41,020 shares in the company, valued at $1,302,385. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,130,185 shares of company stock worth $136,596,946. Insiders own 15.97% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can grew its holdings in shares of Financial Engines by 0.5% during the 2nd quarter. Bank of Montreal Can now owns 9,379 shares of the asset manager’s stock valued at $343,000 after purchasing an additional 47 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in shares of Financial Engines by 0.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 9,673 shares of the asset manager’s stock valued at $354,000 after purchasing an additional 80 shares during the last quarter. Pinebridge Investments L.P. grew its holdings in shares of Financial Engines by 2.1% during the 2nd quarter. Pinebridge Investments L.P. now owns 7,620 shares of the asset manager’s stock valued at $279,000 after purchasing an additional 154 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Financial Engines by 1.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 23,600 shares of the asset manager’s stock valued at $864,000 after purchasing an additional 300 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Financial Engines by 13.4% during the 1st quarter. Victory Capital Management Inc. now owns 2,619 shares of the asset manager’s stock valued at $114,000 after purchasing an additional 310 shares during the last quarter.
About Financial Engines
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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