SG Americas Securities LLC bought a new position in Financial Engines, Inc. (NASDAQ:FNGN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,418 shares of the asset manager’s stock, valued at approximately $271,000.

A number of other hedge funds also recently modified their holdings of the stock. Bank of Montreal Can boosted its holdings in Financial Engines by 0.5% in the second quarter. Bank of Montreal Can now owns 9,379 shares of the asset manager’s stock worth $343,000 after purchasing an additional 47 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in Financial Engines by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 23,600 shares of the asset manager’s stock worth $864,000 after purchasing an additional 300 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Financial Engines by 13.4% in the first quarter. Victory Capital Management Inc. now owns 2,619 shares of the asset manager’s stock worth $114,000 after purchasing an additional 310 shares during the last quarter. Blueport Capital L.P. boosted its holdings in Financial Engines by 7.5% in the first quarter. Blueport Capital L.P. now owns 5,381 shares of the asset manager’s stock worth $234,000 after purchasing an additional 375 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in Financial Engines by 1.3% in the second quarter. Arizona State Retirement System now owns 30,192 shares of the asset manager’s stock worth $1,105,000 after purchasing an additional 400 shares during the last quarter.

Financial Engines, Inc. (NASDAQ FNGN) opened at 31.85 on Friday. Financial Engines, Inc. has a 52-week low of $25.00 and a 52-week high of $45.75. The firm has a 50-day moving average of $33.98 and a 200 day moving average of $38.47. The company has a market capitalization of $2.01 billion, a P/E ratio of 49.00 and a beta of 2.22.

Financial Engines (NASDAQ:FNGN) last released its quarterly earnings data on Tuesday, August 8th. The asset manager reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The business had revenue of $118.47 million during the quarter, compared to analysts’ expectations of $119.94 million. Financial Engines had a net margin of 8.98% and a return on equity of 7.31%. The firm’s revenue was up 11.5% on a year-over-year basis. During the same period last year, the company earned $0.28 earnings per share. Equities analysts predict that Financial Engines, Inc. will post $1.37 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 20th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Tuesday, September 19th. Financial Engines’s dividend payout ratio (DPR) is currently 43.75%.

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In other news, Director Michael E. Martin sold 4,109,128 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $33.05, for a total value of $135,806,680.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Christopher L. Jones sold 5,120 shares of the company’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $38.45, for a total transaction of $196,864.00. Following the completion of the sale, the executive vice president now directly owns 60,089 shares in the company, valued at $2,310,422.05. The disclosure for this sale can be found here. Insiders sold a total of 4,127,042 shares of company stock worth $136,472,855 over the last ninety days. Insiders own 15.97% of the company’s stock.

Several brokerages recently issued reports on FNGN. DA Davidson began coverage on shares of Financial Engines in a report on Wednesday, June 21st. They issued a “buy” rating and a $44.00 target price on the stock. Barclays PLC began coverage on shares of Financial Engines in a report on Friday, September 8th. They issued an “overweight” rating and a $38.00 target price on the stock. Zacks Investment Research cut shares of Financial Engines from a “buy” rating to a “hold” rating in a report on Monday, August 14th. BidaskClub cut shares of Financial Engines from a “sell” rating to a “strong sell” rating in a report on Saturday, July 1st. Finally, Sidoti began coverage on shares of Financial Engines in a research report on Monday, July 10th. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. Financial Engines currently has a consensus rating of “Buy” and an average price target of $42.75.

Financial Engines 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.

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

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