Financial Engines, Inc. (NASDAQ:FNGN) – Investment analysts at DA Davidson increased their Q4 2017 earnings per share estimates for Financial Engines in a research report issued to clients and investors on Tuesday. DA Davidson analyst P. Heckmann now forecasts that the asset manager will earn $0.31 per share for the quarter, up from their prior forecast of $0.30. DA Davidson has a “Buy” rating and a $44.00 price objective on the stock. DA Davidson also issued estimates for Financial Engines’ Q3 2018 earnings at $0.34 EPS, Q4 2018 earnings at $0.37 EPS and FY2018 earnings at $1.28 EPS.

Several other research firms have also weighed in on FNGN. Zacks Investment Research upgraded shares of Financial Engines from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Wednesday, July 12th. BidaskClub downgraded Financial Engines from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 1st. Sidoti started coverage on Financial Engines in a research note on Monday, July 10th. They issued a “buy” rating for the company. Finally, Barclays PLC started coverage on Financial Engines in a report on Friday, September 8th. They set an “overweight” rating and a $38.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. Financial Engines has an average rating of “Buy” and an average price target of $42.75.

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Shares of Financial Engines (NASDAQ FNGN) traded down 0.55% during midday trading on Wednesday, hitting $36.40. 18,284 shares of the stock traded hands. Financial Engines has a one year low of $25.00 and a one year high of $45.75. The firm has a 50-day moving average price of $32.75 and a 200 day moving average price of $37.56. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 56.00 and a beta of 2.20.

Financial Engines (NASDAQ:FNGN) last posted its quarterly earnings data on Tuesday, August 8th. The asset manager reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). Financial Engines had a net margin of 8.98% and a return on equity of 7.31%. The business had revenue of $118.47 million during the quarter, compared to analyst estimates of $119.94 million. During the same quarter in the prior year, the firm posted $0.28 earnings per share. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 20th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Tuesday, September 19th. Financial Engines’s dividend payout ratio (DPR) is 43.75%.

In other Financial Engines news, EVP Michael Jerome Campbell sold 2,000 shares of the business’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $37.55, for a total transaction of $75,100.00. Following the completion of the transaction, the executive vice president now directly owns 41,020 shares of the company’s stock, valued at approximately $1,540,301. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey C. Grace sold 7,718 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $37.63, for a total transaction of $290,428.34. Following the transaction, the insider now directly owns 4,140 shares of the company’s stock, valued at $155,788.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,133,149 shares of company stock valued at $136,660,925. Corporate insiders own 15.97% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. boosted its position in shares of Financial Engines by 58.2% during the first quarter. UBS Asset Management Americas Inc. now owns 31,195 shares of the asset manager’s stock worth $1,359,000 after buying an additional 11,476 shares during the period. Goldman Sachs Group Inc. grew its holdings in Financial Engines by 32.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 128,617 shares of the asset manager’s stock worth $5,601,000 after buying an additional 31,791 shares in the last quarter. Scout Investments Inc. grew its holdings in Financial Engines by 32.6% in the 2nd quarter. Scout Investments Inc. now owns 49,600 shares of the asset manager’s stock worth $1,815,000 after buying an additional 12,200 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Financial Engines by 15.9% in the 1st quarter. Ameriprise Financial Inc. now owns 398,427 shares of the asset manager’s stock worth $17,352,000 after buying an additional 54,731 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its holdings in Financial Engines by 11.8% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 68,700 shares of the asset manager’s stock worth $2,514,000 after buying an additional 7,270 shares in 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.

Earnings History and Estimates for Financial Engines (NASDAQ:FNGN)

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