News stories about Financial Engines (NASDAQ:FNGN) have trended positive on Wednesday, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Financial Engines earned a coverage optimism score of 0.28 on Accern’s scale. Accern also gave press coverage about the asset manager an impact score of 47.1436177428478 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Champlain Investment Partners LLC Purchases 314,390 Shares of Financial Engines Inc (FNGN) (americanbankingnews.com)
- John Bunch Sells 5,000 Shares of Financial Engines Inc (FNGN) Stock (americanbankingnews.com)
- Financial Engines Inc (FNGN) EVP Sells $502,940.90 in Stock (americanbankingnews.com)
- Investor Insight: Financial Engines Inc Stock Looks Healthy (investing.com)
- Financial Engines (FNGN) Upgraded to “Outperform” by William Blair (americanbankingnews.com)
Financial Engines (FNGN) opened at $34.40 on Wednesday. The firm has a market capitalization of $2,270.00, a P/E ratio of 40.95, a P/E/G ratio of 1.94 and a beta of 1.89. Financial Engines has a 1-year low of $24.45 and a 1-year high of $45.75.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Thursday, March 22nd will be paid a $0.08 dividend. The ex-dividend date is Wednesday, March 21st. This is an increase from Financial Engines’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a yield of 0.93%. Financial Engines’s payout ratio is 33.33%.
Financial Engines announced that its board has initiated a stock buyback plan on Thursday, November 2nd that permits the company to repurchase $60.00 million in shares. This repurchase authorization permits the asset manager to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
Several equities analysts have recently weighed in on the company. BidaskClub upgraded Financial Engines from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Investment Research raised Financial Engines from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Thursday, November 2nd. Raymond James Financial reissued an “underperform” rating on shares of Financial Engines in a report on Friday, November 3rd. William Blair lowered Financial Engines from an “outperform” rating to a “market perform” rating in a report on Friday, November 3rd. Finally, Barclays lowered Financial Engines from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $30.00 to $33.00 in a report on Monday, January 8th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Financial Engines presently has an average rating of “Buy” and a consensus price target of $35.75.
In other news, CEO Lawrence M. Raffone purchased 15,000 shares of Financial Engines stock in a transaction that occurred on Thursday, December 7th. The stock was acquired at an average cost of $28.54 per share, for a total transaction of $428,100.00. Following the purchase, the chief executive officer now directly owns 66,540 shares of the company’s stock, valued at approximately $1,899,051.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Blake R. Grossman purchased 18,000 shares of Financial Engines stock in a transaction that occurred on Thursday, December 7th. The stock was purchased at an average price of $28.71 per share, with a total value of $516,780.00. Following the completion of the purchase, the director now directly owns 43,726 shares in the company, valued at $1,255,373.46. The disclosure for this purchase can be found here. 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.
Receive News & Ratings for Financial Engines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Financial Engines and related companies with MarketBeat.com's FREE daily email newsletter.