Oppenheimer & Co. Inc. Cuts Position in Financial Engines, Inc. (FNGN)

Oppenheimer & Co. Inc. reduced its stake in Financial Engines, Inc. (NASDAQ:FNGN) by 10.6% during the first quarter, Holdings Channel reports. The institutional investor owned 61,430 shares of the asset manager’s stock after selling 7,270 shares during the period. Oppenheimer & Co. Inc.’s holdings in Financial Engines were worth $2,676,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new position in Financial Engines during the fourth quarter valued at about $5,525,000. Comerica Bank raised its position in Financial Engines by 5.7% in the fourth quarter. Comerica Bank now owns 56,892 shares of the asset manager’s stock valued at $2,068,000 after buying an additional 3,054 shares in the last quarter. State Street Corp raised its position in Financial Engines by 2.6% in the fourth quarter. State Street Corp now owns 1,197,915 shares of the asset manager’s stock valued at $44,017,000 after buying an additional 30,566 shares in the last quarter. Dimensional Fund Advisors LP raised its position in 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 in the last quarter. Finally, Flinton Capital Management LLC bought a new position in Financial Engines during the fourth quarter valued at about $1,427,000.

Institutional Ownership by Quarter for Financial Engines (NASDAQ:FNGN)

Financial Engines, Inc. (FNGN) traded down 0.52% during trading on Friday, hitting $38.35. The stock had a trading volume of 438,773 shares. The stock’s 50-day moving average is $39.93 and its 200-day moving average is $39.52. The stock has a market capitalization of $2.41 billion, a PE ratio of 65.22 and a beta of 2.17. Financial Engines, Inc. has a 52-week low of $23.56 and a 52-week high of $45.75.

Financial Engines (NASDAQ:FNGN) last issued its quarterly earnings data on Thursday, May 4th. The asset manager reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $114.10 million during the quarter, compared to analysts’ expectations of $115.78 million. Financial Engines had a return on equity of 7.24% and a net margin of 8.39%. The firm’s quarterly revenue was up 23.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.24 EPS. On average, analysts predict that Financial Engines, Inc. will post $1.36 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 6th. Investors of record on Wednesday, June 14th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Monday, June 12th. Financial Engines’s dividend payout ratio (DPR) is currently 48.28%.

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FNGN has been the subject of several recent analyst reports. William Blair reaffirmed an “outperform” rating on shares of Financial Engines in a research report on Friday, February 24th. Jefferies Group LLC set a $47.00 price target on Financial Engines and gave the stock a “buy” rating in a research report on Saturday, February 25th. Zacks Investment Research lowered Financial Engines from a “buy” rating to a “hold” rating in a research report on Tuesday, March 7th. Finally, TheStreet raised Financial Engines from a “c+” rating to a “b-” rating in a research report on Thursday, April 27th.

In other Financial Engines news, EVP Lewis Antone, Jr. sold 788 shares of the stock in a transaction dated Tuesday, May 16th. The stock was 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 directly owns 4,294 shares in the company, valued at $176,054. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Raymond J. Sims sold 30,166 shares of the stock in a transaction dated 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 owns 21,759 shares of the company’s stock, valued at $868,619.28. The disclosure for this sale can be found here. Insiders have sold a total of 141,261 shares of company stock valued at $5,799,275 over the last 90 days. 15.97% of the stock is currently owned by company 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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