Fox Run Management L.L.C. Boosts Position in Financial Engines, Inc. (FNGN)

Fox Run Management L.L.C. increased its holdings in shares of Financial Engines, Inc. (NASDAQ:FNGN) by 28.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,600 shares of the asset manager’s stock after acquiring an additional 2,600 shares during the period. Fox Run Management L.L.C.’s holdings in Financial Engines were worth $403,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. BlackRock Inc. boosted its stake in Financial Engines by 163,234.9% during the first quarter. BlackRock Inc. now owns 7,137,735 shares of the asset manager’s stock worth $310,848,000 after acquiring an additional 7,133,365 shares in the last quarter. Baillie Gifford & Co. boosted its stake in Financial Engines by 0.7% during the second quarter. Baillie Gifford & Co. now owns 5,599,838 shares of the asset manager’s stock worth $204,954,000 after acquiring an additional 40,874 shares in the last quarter. Vanguard Group Inc. boosted its stake in Financial Engines by 5.3% during the second quarter. Vanguard Group Inc. now owns 5,221,858 shares of the asset manager’s stock worth $191,120,000 after acquiring an additional 261,539 shares in the last quarter. Janus Henderson Group PLC bought a new stake in Financial Engines during the second quarter worth about $106,955,000. Finally, Van Berkom & Associates Inc. boosted its stake in Financial Engines by 0.4% during the second quarter. Van Berkom & Associates Inc. now owns 1,550,355 shares of the asset manager’s stock worth $56,743,000 after acquiring an additional 5,980 shares in the last quarter.

Several research firms recently commented on FNGN. Zacks Investment Research lowered shares of Financial Engines from a “buy” rating to a “hold” rating in a research note on Tuesday. Barclays PLC began coverage on shares of Financial Engines in a research note on Friday, September 8th. They set an “overweight” rating and a $38.00 price objective on the stock. Finally, Sidoti began coverage on shares of Financial Engines in a research note on Monday, July 10th. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. Financial Engines currently has an average rating of “Buy” and an average price target of $42.50.

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In other news, insider Jeffrey C. Grace sold 2,000 shares of the firm’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $37.00, for a total value of $74,000.00. Following the sale, the insider now directly owns 5,234 shares in the company, valued at approximately $193,658. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey C. Grace sold 7,718 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $37.63, for a total transaction of $290,428.34. Following the completion of the sale, the insider now owns 4,140 shares in the company, valued at $155,788.20. The disclosure for this sale can be found here. Insiders have sold a total of 4,159,480 shares of company stock worth $137,625,670 in the last three months. Insiders own 9.27% of the company’s stock.

Financial Engines (NASDAQ:FNGN) last posted its earnings results on Tuesday, August 8th. The asset manager reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The business had revenue of $118.47 million for 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 company’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period last year, the business posted $0.28 EPS.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 20th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Tuesday, September 19th. Financial Engines’s dividend payout ratio (DPR) is 43.75%.

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.

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

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