Press coverage about Financial Engines (NASDAQ:FNGN) has trended somewhat positive recently, Accern reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Financial Engines earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news articles about the asset manager an impact score of 46.7792406665372 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several research firms recently commented on FNGN. Raymond James Financial, Inc. restated an “underperform” rating on shares of Financial Engines in a research report on Friday, November 3rd. DA Davidson restated a “buy” rating and issued a $38.00 price target on shares of Financial Engines in a research report on Monday, November 6th. Zacks Investment Research upgraded Financial Engines from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Tuesday, October 10th. Barclays PLC cut their price target on Financial Engines from $38.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, November 6th. Finally, Northland Securities restated a “buy” rating on shares of Financial Engines in a report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. Financial Engines presently has an average rating of “Hold” and an average price target of $38.50.
Shares of Financial Engines (NASDAQ FNGN) traded up $0.30 during mid-day trading on Wednesday, hitting $27.65. The company had a trading volume of 376,100 shares, compared to its average volume of 378,559. The company has a market capitalization of $1,731.73, a PE ratio of 28.79, a P/E/G ratio of 1.86 and a beta of 2.25. Financial Engines has a fifty-two week low of $24.45 and a fifty-two week high of $45.75.
Financial Engines (NASDAQ:FNGN) last released its earnings results on Thursday, November 2nd. The asset manager reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. Financial Engines had a return on equity of 7.60% and a net margin of 10.56%. The firm had revenue of $122.20 million during the quarter, compared to analysts’ expectations of $124.11 million. During the same period in the prior year, the company earned $0.31 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. research analysts expect that Financial Engines will post 1.03 EPS for the current year.
Financial Engines declared that its board has initiated a share buyback program on Thursday, November 2nd that authorizes the company to buyback $60.00 million in outstanding shares. This buyback authorization authorizes the asset manager to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Thursday, December 14th will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, December 13th. This represents a $0.28 dividend on an annualized basis and a yield of 1.01%. Financial Engines’s payout ratio is currently 36.36%.
In related news, insider Jeffrey C. Grace sold 8,689 shares of Financial Engines stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $35.00, for a total value of $304,115.00. Following the completion of the transaction, the insider now directly owns 11,923 shares in the company, valued at approximately $417,305. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael Jerome Campbell sold 2,000 shares of Financial Engines stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $32.05, for a total transaction of $64,100.00. Following the completion of the transaction, the executive vice president now owns 41,020 shares of the company’s stock, valued at $1,314,691. The disclosure for this sale can be found here. Insiders have sold a total of 40,634 shares of company stock worth $1,464,833 in the last three months. Insiders own 9.27% of the company’s stock.
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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