Wellington Shields Capital Management LLC reduced its stake in shares of Financial Engines, Inc. (NASDAQ:FNGN) by 11.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,450 shares of the asset manager’s stock after selling 3,300 shares during the period. Wellington Shields Capital Management LLC’s holdings in Financial Engines were worth $931,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Financial Engines by 163,234.9% in the first quarter. BlackRock Inc. now owns 7,137,735 shares of the asset manager’s stock worth $310,848,000 after buying an additional 7,133,365 shares during the last quarter. Wellington Management Group LLP bought a new position in shares of Financial Engines during the first quarter worth about $233,931,000. Vanguard Group Inc. boosted its position in shares of Financial Engines by 11.3% in the first quarter. Vanguard Group Inc. now owns 4,960,319 shares of the asset manager’s stock worth $216,023,000 after buying an additional 504,246 shares during the last quarter. Norges Bank bought a new position in shares of Financial Engines during the fourth quarter worth about $14,487,000. Finally, Next Century Growth Investors LLC acquired a new stake in shares of Financial Engines during the first quarter worth $9,957,000.
Shares of Financial Engines, Inc. (FNGN) traded up 0.13% on Monday, reaching $38.60. The company’s stock had a trading volume of 148,305 shares. The firm’s 50 day moving average is $37.63 and its 200-day moving average is $39.73. The stock has a market cap of $2.43 billion, a P/E ratio of 65.65 and a beta of 2.22. Financial Engines, Inc. has a 52-week low of $25.00 and a 52-week high of $45.75.
Financial Engines (NASDAQ:FNGN) last announced its quarterly earnings results on Thursday, May 4th. The asset manager reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.02. Financial Engines had a net margin of 8.39% and a return on equity of 7.24%. The firm had revenue of $114.10 million during the quarter, compared to the consensus estimate of $115.78 million. During the same quarter last year, the firm earned $0.24 EPS. The firm’s revenue for the quarter was up 23.9% compared to the same quarter last year. On average, equities research analysts forecast that Financial Engines, Inc. will post $1.37 EPS for the current year.
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A number of analysts recently commented on the company. BidaskClub lowered Financial Engines from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 1st. Sidoti started coverage on Financial Engines in a report on Monday, July 10th. They set a “buy” rating on the stock. DA Davidson initiated coverage on Financial Engines in a report on Wednesday, June 21st. They set a “buy” rating and a $44.00 price objective on the stock. Zacks Investment Research upgraded Financial Engines from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Wednesday, May 10th. Finally, TheStreet upgraded Financial Engines from a “c+” rating to a “b-” rating in a research note on Thursday, April 27th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $44.33.
In other Financial Engines news, EVP Lewis Antone, Jr. sold 788 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $41.00, for a total value 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey C. Grace sold 2,874 shares of Financial Engines stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $39.80, for a total transaction of $114,385.20. Following the sale, the insider now directly owns 16,152 shares of the company’s stock, valued at approximately $642,849.60. The disclosure for this sale can be found here. In the last three months, insiders sold 54,825 shares of company stock valued at $2,171,834. 15.97% of the stock is owned by insiders.
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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