Financial Engines Inc (NASDAQ:FNGN) – Jefferies Group lifted their Q1 2018 earnings estimates for Financial Engines in a research report issued on Wednesday. Jefferies Group analyst S. Thind now anticipates that the asset manager will post earnings of $0.33 per share for the quarter, up from their previous forecast of $0.27. Jefferies Group has a “Buy” rating and a $38.00 price objective on the stock. Jefferies Group also issued estimates for Financial Engines’ Q2 2018 earnings at $0.33 EPS, Q3 2018 earnings at $0.35 EPS, Q4 2018 earnings at $0.38 EPS, FY2018 earnings at $1.40 EPS and FY2019 earnings at $1.69 EPS.
A number of other equities analysts have also issued reports on the stock. Raymond James Financial reiterated an “underperform” rating on shares of Financial Engines in a research report on Friday, November 3rd. William Blair lowered shares of Financial Engines from an “outperform” rating to a “market perform” rating in a research report on Friday, November 3rd. Zacks Investment Research upgraded shares of Financial Engines from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Thursday, November 2nd. BidaskClub lowered shares of Financial Engines from a “hold” rating to a “sell” rating in a research report on Saturday, December 16th. Finally, Northland Securities restated a “buy” rating on shares of Financial Engines in a research report on Friday, November 3rd. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $37.00.
Financial Engines (FNGN) opened at $29.15 on Friday. The stock has a market cap of $1,883.69, a PE ratio of 37.86, a P/E/G ratio of 1.67 and a beta of 2.15. Financial Engines has a 12-month low of $24.45 and a 12-month high of $45.75.
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 Zacks’ consensus estimate of $0.36. The firm had revenue of $122.20 million during the quarter, compared to analyst estimates of $124.11 million. Financial Engines had a net margin of 10.56% and a return on equity of 7.60%. Financial Engines’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 EPS.
A number of hedge funds have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. lifted its stake in Financial Engines by 4.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 298,856 shares of the asset manager’s stock valued at $9,056,000 after buying an additional 11,897 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of Financial Engines by 4.0% in the third quarter. California Public Employees Retirement System now owns 60,337 shares of the asset manager’s stock worth $2,097,000 after purchasing an additional 2,337 shares in the last quarter. Bamco Inc. NY lifted its position in shares of 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 purchasing an additional 269,500 shares in the last quarter. Highbridge Capital Management LLC lifted its position in shares of Financial Engines by 208.6% in the third quarter. Highbridge Capital Management LLC now owns 25,772 shares of the asset manager’s stock worth $895,000 after purchasing an additional 17,421 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of 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 purchasing an additional 313,400 shares in the last quarter.
In other Financial Engines news, insider Jeffrey C. Grace sold 2,000 shares of the company’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $37.00, for a total transaction of $74,000.00. Following the completion of the sale, the insider now directly owns 5,234 shares of the company’s stock, valued at $193,658. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey C. Grace sold 6,180 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $37.00, for a total transaction of $228,660.00. Following the sale, the insider now directly owns 9,414 shares of the company’s stock, valued at $348,318. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,431 shares of company stock valued at $567,364. Insiders own 9.27% of the company’s stock.
The firm also recently disclosed 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 was Wednesday, December 13th. This represents a $0.28 annualized dividend and a dividend yield of 0.96%. Financial Engines’s dividend payout ratio (DPR) is 36.36%.
Financial Engines announced that its board has initiated a share repurchase program on Thursday, November 2nd that authorizes the company to repurchase $60.00 million in shares. This repurchase authorization authorizes the asset manager to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.
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.
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