Oppenheimer & Co. Inc. lowered its stake in Financial Engines Inc (NASDAQ:FNGN) by 39.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,090 shares of the asset manager’s stock after selling 25,630 shares during the period. Oppenheimer & Co. Inc.’s holdings in Financial Engines were worth $1,184,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. KBC Group NV increased its holdings in shares of Financial Engines by 41.3% in the fourth quarter. KBC Group NV now owns 75,646 shares of the asset manager’s stock valued at $2,292,000 after buying an additional 22,117 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of Financial Engines by 10.3% in the fourth quarter. California Public Employees Retirement System now owns 66,562 shares of the asset manager’s stock valued at $2,017,000 after buying an additional 6,225 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of Financial Engines in the fourth quarter valued at $653,000. CI Investments Inc. bought a new position in shares of Financial Engines in the fourth quarter valued at $727,000. Finally, Gamco Investors INC. ET AL increased its holdings in shares of Financial Engines by 50.0% in the fourth quarter. Gamco Investors INC. ET AL now owns 12,000 shares of the asset manager’s stock valued at $364,000 after buying an additional 4,000 shares in the last quarter.
Shares of Financial Engines Inc (NASDAQ:FNGN) opened at $29.80 on Friday. Financial Engines Inc has a one year low of $24.45 and a one year high of $45.75. The stock has a market cap of $1,886.85, a price-to-earnings ratio of 31.37, a price-to-earnings-growth ratio of 1.56 and a beta of 1.89.
In other news, CEO Lawrence M. Raffone bought 15,000 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were bought at an average cost of $28.54 per share, with a total value of $428,100.00. Following the purchase, the chief executive officer now directly owns 66,540 shares in the company, valued at $1,899,051.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Blake R. Grossman bought 18,000 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were purchased at an average cost of $28.71 per share, for a total transaction of $516,780.00. Following the completion of the purchase, the director now owns 43,726 shares in the company, valued at $1,255,373.46. The disclosure for this purchase can be found here. 9.27% of the stock is owned by insiders.
Several research analysts have issued reports on the company. Zacks Investment Research raised Financial Engines from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Thursday, November 2nd. Raymond James Financial reaffirmed an “underperform” rating on shares of Financial Engines in a report on Friday, November 3rd. William Blair cut Financial Engines from an “outperform” rating to a “market perform” rating in a report on Friday, November 3rd. Barclays cut Financial Engines from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $30.00 to $33.00 in a report on Monday, January 8th. Finally, BidaskClub raised Financial Engines from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $35.75.
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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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