Fmr LLC Lowers Position in Financial Engines, Inc. (FNGN)

Fmr LLC reduced its stake in shares of Financial Engines, Inc. (NASDAQ:FNGN) by 16.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 90,600 shares of the asset manager’s stock after selling 18,254 shares during the period. Fmr LLC’s holdings in Financial Engines were worth $3,946,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in shares of Financial Engines by 73.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 301,593 shares of the asset manager’s stock valued at $11,084,000 after buying an additional 127,938 shares during the period. Norges Bank acquired a new position in shares of Financial Engines during the fourth quarter valued at about $14,487,000. Teachers Advisors LLC boosted its position in shares of Financial Engines by 1.7% in the fourth quarter. Teachers Advisors LLC now owns 87,945 shares of the asset manager’s stock valued at $3,232,000 after buying an additional 1,497 shares during the period. Bank of Montreal Can boosted its position in shares of Financial Engines by 9.3% in the first quarter. Bank of Montreal Can now owns 9,332 shares of the asset manager’s stock valued at $406,000 after buying an additional 797 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in shares of Financial Engines by 8.9% in the first quarter. Louisiana State Employees Retirement System now owns 23,300 shares of the asset manager’s stock valued at $1,015,000 after buying an additional 1,900 shares during the period.

Financial Engines, Inc. (NASDAQ FNGN) opened at 38.45 on Tuesday. Financial Engines, Inc. has a 12 month low of $25.00 and a 12 month high of $45.75. The firm has a market capitalization of $2.42 billion, a PE ratio of 65.39 and a beta of 2.21. The firm has a 50-day moving average of $37.64 and a 200 day moving average of $39.72.

Financial Engines (NASDAQ:FNGN) last announced its quarterly earnings data on Thursday, May 4th. The asset manager reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. The firm had revenue of $114.10 million during the quarter, compared to analyst estimates of $115.78 million. Financial Engines had a net margin of 8.39% and a return on equity of 7.24%. The business’s quarterly revenue was up 23.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.24 EPS. Equities research analysts forecast that Financial Engines, Inc. will post $1.37 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 6th. Stockholders of record on Wednesday, June 14th were issued a $0.07 dividend. The ex-dividend date of this dividend was Monday, June 12th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.73%. Financial Engines’s payout ratio is 48.28%.

WARNING: This story was first posted by [[site]] and is the sole property of of [[site]]. If you are viewing this story on another site, it was illegally copied and reposted in violation of U.S. and international copyright laws. The correct version of this story can be viewed at [[permalink]].

FNGN has been the subject of several recent research reports. Zacks Investment Research cut shares of Financial Engines from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. TheStreet upgraded shares of Financial Engines from a “c+” rating to a “b-” rating in a research report on Thursday, April 27th. DA Davidson initiated coverage on shares of Financial Engines in a research report on Wednesday, June 21st. They issued a “buy” rating and a $44.00 price target for the company. BidaskClub cut shares of Financial Engines from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 1st. Finally, Sidoti initiated coverage on shares of Financial Engines in a research report on Monday, July 10th. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Financial Engines presently has a consensus rating of “Buy” and a consensus price target of $44.33.

In other news, CFO Raymond J. Sims sold 30,166 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $39.92, for a total value of $1,204,226.72. Following the completion of the sale, the chief financial officer now directly owns 21,759 shares in the company, valued at approximately $868,619.28. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Lewis Antone, Jr. sold 788 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $41.00, for a total transaction of $32,308.00. Following the completion of the sale, the executive vice president now owns 4,294 shares of the company’s stock, valued at $176,054. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 83,965 shares of company stock valued at $3,343,016. Company insiders own 15.97% of the company’s stock.

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.

Want to see what other hedge funds are holding FNGN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Financial Engines, Inc. (NASDAQ:FNGN).