Financial Engines, Inc. (FNGN) Given Buy Rating at Northland Securities
Financial Engines, Inc. (NASDAQ:FNGN)‘s stock had its “buy” rating reiterated by stock analysts at Northland Securities in a report released on Friday.
Several other brokerages have also weighed in on FNGN. Barclays PLC started coverage on Financial Engines in a report on Friday, September 8th. They issued an “overweight” rating and a $38.00 price objective for the company. Zacks Investment Research lowered Financial Engines from a “buy” rating to a “hold” rating in a report on Monday, August 14th. William Blair lowered Financial Engines from an “outperform” rating to a “market perform” rating in a report on Friday. UBS AG lowered Financial Engines to an “underperform” rating in a report on Friday. Finally, Raymond James Financial, Inc. reissued an “underperform” rating on shares of Financial Engines in a report on Friday. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $42.00.
Shares of Financial Engines (NASDAQ:FNGN) traded down $8.60 during trading on Friday, hitting $26.60. The stock had a trading volume of 4,128,949 shares, compared to its average volume of 232,602. The stock has a market capitalization of $2.22 billion, a PE ratio of 36.90 and a beta of 2.25.
Financial Engines (NASDAQ:FNGN) last announced its earnings results on Thursday, November 2nd. The asset manager reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. Financial Engines had a return on equity of 7.74% and a net margin of 10.56%. The firm 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 business’s revenue was up 8.7% compared to the same quarter last year. equities research analysts expect that Financial Engines will post 1.04 EPS for the current year.
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In other Financial Engines news, EVP Michael Jerome Campbell sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $31.75, for a total value of $63,500.00. Following the completion of the transaction, the executive vice president now owns 41,020 shares in the company, valued at approximately $1,302,385. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael E. Martin sold 4,109,128 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $33.05, for a total value of $135,806,680.40. The disclosure for this sale can be found here. In the last three months, insiders sold 4,159,749 shares of company stock valued at $137,635,462. 9.27% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. UBS Asset Management Americas Inc. boosted its stake in Financial Engines by 58.2% in the 1st quarter. UBS Asset Management Americas Inc. now owns 31,195 shares of the asset manager’s stock worth $1,359,000 after purchasing an additional 11,476 shares during the period. Goldman Sachs Group Inc. boosted its stake 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 purchasing an additional 31,791 shares during the period. Janus Henderson Group PLC bought a new position in Financial Engines in the 2nd quarter worth about $106,955,000. Scout Investments Inc. boosted its stake 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 purchasing an additional 12,200 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Financial Engines by 5.3% in the 2nd quarter. Vanguard Group Inc. now owns 5,221,858 shares of the asset manager’s stock worth $191,120,000 after purchasing an additional 261,539 shares during the period.
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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