Financial Engines (FNGN) – Research Analysts’ Weekly Ratings Updates

Financial Engines (NASDAQ: FNGN) recently received a number of ratings updates from brokerages and research firms:

  • 1/19/2018 – Financial Engines was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $34.00 price target on the stock. 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. “
  • 1/17/2018 – Financial Engines had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $38.00 price target on the stock.
  • 1/10/2018 – Financial Engines was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 1/8/2018 – Financial Engines was downgraded by analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating. They now have a $33.00 price target on the stock, up previously from $30.00.
  • 1/3/2018 – Financial Engines was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 1/3/2018 – Financial Engines was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. 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. “
  • 12/31/2017 – Financial Engines was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 12/27/2017 – Financial Engines was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 12/16/2017 – Financial Engines was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Shares of Financial Engines Inc (NASDAQ FNGN) traded down $0.33 on Monday, reaching $29.12. The company’s stock had a trading volume of 39,486 shares, compared to its average volume of 514,857. Financial Engines Inc has a fifty-two week low of $24.45 and a fifty-two week high of $45.75. The firm has a market cap of $1,864.70, a PE ratio of 37.82, a PEG ratio of 1.58 and a beta of 2.15.

Financial Engines (NASDAQ:FNGN) last issued its quarterly earnings results on Thursday, November 2nd. The asset manager reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. The company had revenue of $122.20 million during the quarter, compared to analysts’ expectations of $124.11 million. Financial Engines had a return on equity of 7.60% and a net margin of 10.56%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 earnings per share. equities analysts anticipate that Financial Engines Inc will post 1.04 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Thursday, December 14th were paid a $0.07 dividend. The ex-dividend date was Wednesday, December 13th. This represents a $0.28 annualized dividend and a dividend yield of 0.96%. Financial Engines’s payout ratio is 36.36%.

In related news, Director Blake R. Grossman purchased 18,000 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was bought at an average price of $28.71 per share, with a total value of $516,780.00. Following the completion of the purchase, the director now owns 43,726 shares in the company, valued at approximately $1,255,373.46. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Lawrence M. Raffone bought 15,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were acquired at an average price of $28.54 per share, for a total transaction of $428,100.00. Following the transaction, the chief executive officer now owns 66,540 shares in the company, valued at $1,899,051.60. The disclosure for this purchase can be found here. Corporate insiders own 9.27% of the company’s stock.

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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