Ameritas Investment Partners Inc. purchased a new stake in shares of Financial Engines, Inc. (NASDAQ:FNGN) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 4,620 shares of the asset manager’s stock, valued at approximately $201,000.

Several other institutional investors also recently modified their holdings of FNGN. Norges Bank acquired a new stake in Financial Engines during the fourth quarter valued at approximately $14,487,000. Castleark Management LLC acquired a new stake in Financial Engines during the fourth quarter valued at approximately $8,074,000. Russell Investments Group Ltd. acquired a new stake in Financial Engines during the fourth quarter valued at approximately $5,525,000. Dimensional Fund Advisors LP increased its stake 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 during the last quarter. Finally, Janus Capital Management LLC increased its stake in Financial Engines by 4.7% in the fourth quarter. Janus Capital Management LLC now owns 2,701,031 shares of the asset manager’s stock valued at $99,263,000 after buying an additional 121,062 shares during the last quarter.

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

Shares of Financial Engines, Inc. (NASDAQ:FNGN) opened at 38.35 on Friday. The company has a 50-day moving average price of $39.79 and a 200 day moving average price of $39.55. Financial Engines, Inc. has a 12-month low of $23.56 and a 12-month high of $45.75. The company has a market capitalization of $2.41 billion, a P/E ratio of 65.22 and a beta of 2.17.

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

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

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Several research firms recently commented on FNGN. Jefferies Group LLC set a $47.00 price objective on Financial Engines and gave the stock a “buy” rating in a report on Saturday, February 25th. Zacks Investment Research upgraded Financial Engines from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Wednesday, May 10th. TheStreet upgraded Financial Engines from a “c+” rating to a “b-” rating in a report on Thursday, April 27th. Finally, William Blair reiterated an “outperform” rating on shares of Financial Engines in a report on Friday, February 24th.

In other news, CFO Raymond J. Sims sold 24,649 shares of the stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $42.53, for a total value of $1,048,321.97. Following the transaction, the chief financial officer now directly owns 26,358 shares of the company’s stock, valued at $1,121,005.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lawrence M. Raffone sold 10,000 shares of the stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $43.31, for a total value of $433,100.00. Following the completion of the transaction, the chief executive officer now directly owns 57,118 shares in the company, valued at $2,473,780.58. The disclosure for this sale can be found here. Over the last quarter, insiders sold 141,261 shares of company stock valued at $5,799,275. 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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