Financial Engines Inc (FNGN) Given Consensus Recommendation of “Hold” by Analysts

Financial Engines Inc (NASDAQ:FNGN) has been assigned an average recommendation of “Hold” from the eleven brokerages that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $35.75.

Several research analysts have recently weighed in on the company. BidaskClub lowered Financial Engines from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. ValuEngine lowered Financial Engines from a “hold” rating to a “sell” rating in a research report on Saturday, November 25th. TheStreet lowered Financial Engines from a “b-” rating to a “c” rating in a research report on Friday, November 24th. DA Davidson reissued a “buy” rating and issued a $38.00 price objective on shares of Financial Engines in a research report on Monday, November 6th. Finally, Zacks Investment Research lowered Financial Engines from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st.

Financial Engines (FNGN) opened at $28.00 on Tuesday. Financial Engines has a 12-month low of $24.45 and a 12-month high of $45.75. The firm has a market capitalization of $1,753.89, a PE ratio of 36.36, a PEG ratio of 1.49 and a beta of 1.89.

Financial Engines declared that its board has authorized a stock buyback program on Thursday, November 2nd that allows the company to repurchase $60.00 million in shares. This repurchase authorization allows the asset manager to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

In other news, Director Blake R. Grossman bought 18,000 shares of Financial Engines stock in a transaction dated Thursday, December 7th. The stock was bought at an average cost of $28.71 per share, for a total transaction of $516,780.00. Following the purchase, the director now directly owns 43,726 shares in the company, valued at approximately $1,255,373.46. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lawrence M. Raffone bought 15,000 shares of Financial Engines stock in a transaction dated Thursday, December 7th. The stock was purchased at an average price of $28.54 per share, with a total value of $428,100.00. Following the completion of the purchase, 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. Company insiders own 9.27% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of FNGN. TIAA CREF Investment Management LLC grew its stake in shares of Financial Engines by 9.0% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 158,052 shares of the asset manager’s stock valued at $5,785,000 after buying an additional 13,038 shares during the period. New York State Common Retirement Fund grew its stake in shares of Financial Engines by 4.6% in the 2nd quarter. New York State Common Retirement Fund now owns 112,071 shares of the asset manager’s stock valued at $4,102,000 after buying an additional 4,899 shares during the period. UBS Asset Management Americas Inc. grew its stake in shares of Financial Engines by 3.3% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 32,230 shares of the asset manager’s stock valued at $1,180,000 after buying an additional 1,035 shares during the period. Northern Trust Corp grew its stake in shares of Financial Engines by 10.5% in the 2nd quarter. Northern Trust Corp now owns 854,502 shares of the asset manager’s stock valued at $31,275,000 after buying an additional 80,892 shares during the period. 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 during the period.

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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.

Analyst Recommendations for Financial Engines (NASDAQ:FNGN)

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