Schwab Charles Investment Management Inc. raised its stake in Financial Engines Inc (NASDAQ:FNGN) by 6.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 330,286 shares of the asset manager’s stock after acquiring an additional 21,354 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Financial Engines were worth $14,830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FNGN. SG Americas Securities LLC acquired a new position in Financial Engines in the first quarter valued at $134,000. Quadrature Capital Ltd acquired a new position in Financial Engines in the first quarter valued at $210,000. Everence Capital Management Inc. acquired a new position in Financial Engines in the second quarter valued at $212,000. Quantbot Technologies LP boosted its stake in Financial Engines by 90.3% in the first quarter. Quantbot Technologies LP now owns 6,222 shares of the asset manager’s stock valued at $217,000 after acquiring an additional 2,953 shares in the last quarter. Finally, Hsbc Holdings PLC acquired a new position in Financial Engines in the first quarter valued at $322,000. Institutional investors own 99.75% of the company’s stock.

In other Financial Engines news, COO John Bunch sold 2,000 shares of the company’s stock in a transaction on Thursday, July 5th. The shares were sold at an average price of $45.00, for a total value of $90,000.00. Following the completion of the transaction, the chief operating officer now owns 20,754 shares in the company, valued at $933,930. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

NASDAQ FNGN opened at $44.95 on Monday. Financial Engines Inc has a 1 year low of $24.45 and a 1 year high of $45.00. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 43.64, a P/E/G ratio of 2.43 and a beta of 1.46.

FNGN has been the subject of several research analyst reports. BidaskClub downgraded shares of Financial Engines from a “buy” rating to a “hold” rating in a research note on Wednesday, June 13th. ValuEngine upgraded shares of Financial Engines from a “hold” rating to a “buy” rating in a research note on Wednesday, June 27th. Finally, Zacks Investment Research upgraded shares of Financial Engines from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Tuesday, June 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Financial Engines has an average rating of “Hold” and a consensus target price of $41.50.

Financial Engines Company Profile

Financial Engines, Inc provides independent technology-enabled financial advisory, discretionary portfolio management, personalized investment advice, financial and retirement income planning, and financial education and guidance services in the United States. It assists individuals to develop a strategy to reach financial goals by offering a set of services, including personalized plans for saving and investing, assessments of retirement income, and the option to meet face-to-face with a financial advisor.

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

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