Morgan Stanley lowered its position in Financial Engines, Inc. (NASDAQ:FNGN) by 28.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 112,529 shares of the asset manager’s stock after selling 45,251 shares during the period. Morgan Stanley’s holdings in Financial Engines were worth $4,901,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in Financial Engines by 75.3% in the first quarter. Dimensional Fund Advisors LP now owns 528,752 shares of the asset manager’s stock worth $23,025,000 after buying an additional 227,159 shares in the last quarter. Next Century Growth Investors LLC bought a new stake in shares of Financial Engines during the first quarter valued at about $9,957,000. Geode Capital Management LLC increased its stake in shares of Financial Engines by 12.4% in the first quarter. Geode Capital Management LLC now owns 696,350 shares of the asset manager’s stock valued at $30,326,000 after buying an additional 76,962 shares during the period. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Financial Engines during the first quarter valued at about $356,000. Finally, Vanguard Group Inc. increased its stake in shares of Financial Engines by 11.3% in the first quarter. Vanguard Group Inc. now owns 4,960,319 shares of the asset manager’s stock valued at $216,023,000 after buying an additional 504,246 shares during the period.

Shares of Financial Engines, Inc. (NASDAQ FNGN) traded down 1.36% during mid-day trading on Thursday, hitting $34.50. The company had a trading volume of 11,803 shares. The firm has a market cap of $2.18 billion, a PE ratio of 53.24 and a beta of 2.22. The firm’s 50 day moving average is $37.48 and its 200-day moving average is $39.73. Financial Engines, Inc. has a 12-month low of $25.00 and a 12-month high of $45.75.

Financial Engines (NASDAQ:FNGN) last announced its earnings results 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 analyst estimates of $119.94 million. Financial Engines had a return on equity of 7.47% and a net margin of 8.98%. The firm’s revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.28 earnings per share. On average, equities analysts expect that Financial Engines, Inc. will post $1.37 EPS for the current year.

The firm also recently announced 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 0.80%. The ex-dividend date of this dividend is Tuesday, September 19th. Financial Engines’s payout ratio is currently 43.75%.

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Several analysts recently issued reports on FNGN shares. TheStreet raised Financial Engines from a “c+” rating to a “b-” rating in a report on Thursday, April 27th. Zacks Investment Research raised Financial Engines from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Wednesday, July 12th. Sidoti started coverage on Financial Engines in a report on Monday, July 10th. They issued a “buy” rating on the stock. DA Davidson started coverage on Financial Engines in a report on Wednesday, June 21st. They issued a “buy” rating and a $44.00 price target on the stock. Finally, BidaskClub downgraded Financial Engines from a “sell” rating to a “strong sell” rating in a report on Saturday, July 1st. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Financial Engines presently has a consensus rating of “Buy” and a consensus target price of $44.33.

In related news, CFO Raymond J. Sims sold 30,166 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $39.92, for a total value of $1,204,226.72. Following the completion of the transaction, the chief financial officer now owns 21,759 shares in the company, valued at approximately $868,619.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Jerome Campbell sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $37.55, for a total transaction of $75,100.00. Following the completion of the transaction, the executive vice president now owns 41,020 shares of the company’s stock, valued at approximately $1,540,301. The disclosure for this sale can be found here. Insiders sold a total of 59,400 shares of company stock worth $2,337,171 over the last three months. 15.97% of the stock is owned by company insiders.

Financial Engines Company 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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