Assenagon Asset Management S.A. reduced its holdings in Financial Engines Inc (NASDAQ:FNGN) by 41.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 152,990 shares of the asset manager’s stock after selling 109,759 shares during the period. Assenagon Asset Management S.A.’s holdings in Financial Engines were worth $4,636,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Riverhead Capital Management LLC grew its stake in shares of Financial Engines by 82.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,561 shares of the asset manager’s stock worth $167,000 after buying an additional 2,061 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of Financial Engines by 11.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,140 shares of the asset manager’s stock worth $188,000 after buying an additional 520 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Financial Engines by 73.7% in the 3rd quarter. Victory Capital Management Inc. now owns 5,356 shares of the asset manager’s stock worth $186,000 after buying an additional 2,273 shares in the last quarter. Shelton Capital Management purchased a new position in shares of Financial Engines in the 2nd quarter worth $208,000. Finally, Quantbot Technologies LP purchased a new position in shares of Financial Engines in the 3rd quarter worth $206,000.

In related news, Director Blake R. Grossman acquired 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The stock was bought at an average price of $28.71 per share, for a total transaction of $516,780.00. Following the acquisition, the director now directly owns 43,726 shares of the company’s stock, valued at approximately $1,255,373.46. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lawrence M. Raffone acquired 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were bought at an average price of $28.54 per share, with a total value of $428,100.00. Following the acquisition, the chief executive officer now directly owns 66,540 shares in the company, valued at $1,899,051.60. The disclosure for this purchase can be found here. Company insiders own 9.27% of the company’s stock.

FNGN has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Financial Engines from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Tuesday, October 10th. DA Davidson restated a “buy” rating and issued a $38.00 target price on shares of Financial Engines in a report on Monday, November 6th. Northland Securities restated a “buy” rating on shares of Financial Engines in a report on Friday, November 3rd. BidaskClub upgraded shares of Financial Engines from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. Finally, Jefferies Group restated a “buy” rating and issued a $38.00 target price on shares of Financial Engines in a report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $35.75.

Shares of Financial Engines Inc (NASDAQ FNGN) opened at $29.45 on Monday. The stock has a market cap of $1,880.00, a PE ratio of 38.25, a PEG ratio of 1.57 and a beta of 2.15. Financial Engines Inc has a twelve month low of $24.45 and a twelve month high of $45.75.

Financial Engines (NASDAQ:FNGN) last released its earnings results on Thursday, November 2nd. The asset manager reported $0.36 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. The firm had revenue of $122.20 million during the quarter, compared to analyst estimates of $124.11 million. Financial Engines had a net margin of 10.56% and a return on equity of 7.60%. The business’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the business earned $0.31 EPS. equities analysts forecast that Financial Engines Inc will post 1.04 earnings per share for the current year.

Financial Engines announced that its Board of Directors has authorized a share repurchase plan on Thursday, November 2nd that authorizes the company to buyback $60.00 million in shares. This buyback authorization authorizes the asset manager to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

The company also recently announced a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Thursday, December 14th were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, December 13th. This represents a $0.28 annualized dividend and a dividend yield of 0.95%. Financial Engines’s dividend payout ratio (DPR) is presently 36.36%.

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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.

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

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