Financial Engines (FNGN) Cut to “Equal Weight” at Barclays

Barclays downgraded shares of Financial Engines (NASDAQ:FNGN) from an overweight rating to an equal weight rating in a research note published on Monday morning, Marketbeat reports. Barclays currently has $33.00 price objective on the asset manager’s stock, up from their prior price objective of $30.00.

Other equities research analysts have also issued reports about the stock. Zacks Investment Research raised shares of Financial Engines from a hold rating to a buy rating and set a $41.00 price objective for the company in a report on Tuesday, October 10th. BidaskClub raised shares of Financial Engines from a sell rating to a hold rating in a report on Wednesday, December 27th. ValuEngine lowered shares of Financial Engines from a hold rating to a sell rating in a report on Saturday, November 25th. Raymond James Financial reaffirmed an underperform rating on shares of Financial Engines in a report on Friday, November 3rd. Finally, William Blair lowered shares of Financial Engines from an outperform rating to a market perform rating in a report on Friday, November 3rd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $39.25.

Shares of Financial Engines (NASDAQ:FNGN) opened at $28.70 on Monday. Financial Engines has a fifty-two week low of $24.45 and a fifty-two week high of $45.75. The stock has a market cap of $1,890.00, a P/E ratio of 37.27, a price-to-earnings-growth ratio of 1.75 and a beta of 2.15.

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

The company also recently announced a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Thursday, December 14th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, December 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.98%. Financial Engines’s dividend payout ratio is currently 36.36%.

Financial Engines declared that its board has approved a share repurchase plan on Thursday, November 2nd that permits the company to buyback $60.00 million in shares. This buyback authorization permits the asset manager to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

In other news, Director Blake R. Grossman bought 18,000 shares of the stock in a transaction dated Thursday, December 7th. The stock was purchased at an average cost of $28.71 per share, for a total transaction of $516,780.00. Following the transaction, the director now owns 43,726 shares of the company’s stock, valued at $1,255,373.46. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jeffrey C. Grace sold 2,000 shares of the stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $37.00, for a total value of $74,000.00. Following the transaction, the insider now owns 5,234 shares of the company’s stock, valued at $193,658. The disclosure for this sale can be found here. Insiders have sold a total of 25,214 shares of company stock valued at $927,572 over the last quarter. Corporate insiders own 9.27% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Financial Engines by 5.3% in the second quarter. Vanguard Group Inc. now owns 5,221,858 shares of the asset manager’s stock worth $191,120,000 after buying an additional 261,539 shares during the last quarter. Bamco Inc. NY lifted its position in Financial Engines by 6.3% in the third quarter. Bamco Inc. NY now owns 4,581,002 shares of the asset manager’s stock worth $159,190,000 after buying an additional 269,500 shares during the last quarter. Janus Henderson Group PLC lifted its position in Financial Engines by 10.7% in the third quarter. Janus Henderson Group PLC now owns 3,235,665 shares of the asset manager’s stock worth $112,439,000 after buying an additional 313,400 shares during the last quarter. Villere ST Denis J & Co. LLC lifted its position in Financial Engines by 5.1% in the third quarter. Villere ST Denis J & Co. LLC now owns 2,365,510 shares of the asset manager’s stock worth $82,201,000 after buying an additional 115,467 shares during the last quarter. Finally, State Street Corp lifted its position in Financial Engines by 8.6% in the second quarter. State Street Corp now owns 1,441,265 shares of the asset manager’s stock worth $52,751,000 after buying an additional 114,580 shares during the last quarter.

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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.

Analyst Recommendations for Financial Engines (NASDAQ:FNGN)

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