Headlines about Financial Engines (NASDAQ:FNGN) have been trending somewhat positive on Thursday, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Financial Engines earned a news impact score of 0.23 on Accern’s scale. Accern also assigned press coverage about the asset manager an impact score of 46.6516429749865 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern’s analysis:
- How T. Rowe Price Aims to Tackle Challenges (finance.yahoo.com)
- T. Rowe Price’s Operating Expenses Increased: Here’s Why (finance.yahoo.com)
- Financial Engines Inc (FNGN) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- T. Rowe Price Beats Analysts’ Expectations (finance.yahoo.com)
- A Look at T. Rowe Price’s Assets under Management (finance.yahoo.com)
Shares of Financial Engines (NASDAQ FNGN) opened at $34.45 on Thursday. The company has a market cap of $2,204.00, a P/E ratio of 47.19, a P/E/G ratio of 1.68 and a beta of 1.62. Financial Engines has a 12-month low of $24.45 and a 12-month high of $45.00.
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 given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Wednesday, March 21st. This is an increase from Financial Engines’s previous quarterly dividend of $0.07. Financial Engines’s dividend payout ratio is 38.36%.
A number of brokerages recently weighed in on FNGN. BidaskClub upgraded shares of Financial Engines from a “hold” rating to a “buy” rating in a report on Saturday, February 24th. Zacks Investment Research cut shares of Financial Engines from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 6th. Barclays cut shares of Financial Engines from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $30.00 to $33.00 in a report on Monday, January 8th. ValuEngine cut shares of Financial Engines from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Finally, William Blair upgraded shares of Financial Engines from a “market perform” rating to an “outperform” rating in a report on Friday, February 23rd. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Financial Engines has an average rating of “Hold” and an average target price of $35.75.
In related news, EVP Christopher L. Jones sold 14,663 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $34.30, for a total value of $502,940.90. Following the completion of the sale, the executive vice president now owns 62,289 shares in the company, valued at approximately $2,136,512.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO John Bunch sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $35.00, for a total transaction of $175,000.00. Following the completion of the sale, the chief operating officer now owns 15,586 shares of the company’s stock, valued at approximately $545,510. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,673 shares of company stock valued at $784,645. 9.27% of the stock is owned by insiders.
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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