Wellington Management Group LLP Purchases Shares of 5,371,574 Financial Engines Inc (FNGN)

Wellington Management Group LLP Purchases Shares of 5,371,574 Financial Engines Inc (FNGN)

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in Financial Engines during the fourth quarter worth $14,487,000. Castleark Management LLC purchased a new position in Financial Engines during the fourth quarter worth $8,074,000. Russell Investments Group Ltd. purchased a new position in Financial Engines during the fourth quarter worth $5,525,000. Dimensional Fund Advisors LP increased its position in Financial Engines by 73.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 301,593 shares of the asset manager’s stock worth $11,084,000 after buying an additional 127,938 shares during the period. Finally, Janus Capital Management LLC increased its position in Financial Engines by 4.7% in the fourth quarter. Janus Capital Management LLC now owns 2,701,031 shares of the asset manager’s stock worth $99,263,000 after buying an additional 121,062 shares during the period.

Wellington Management Group LLP purchased a new position in Financial Engines Inc (NASDAQ:FNGN) during the first quarter, Holdings Channel reports. The institutional investor purchased 5,371,574 shares of the asset manager’s stock, valued at approximately $233,931,000. Wellington Management Group LLP owned 0.09% of Financial Engines at the end of the most recent reporting period.

Shares of Financial Engines Inc (FNGN) opened at 38.35 on Wednesday. Financial Engines Inc has a one year low of $23.56 and a one year high of $45.75. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 65.22 and a beta of 1.92. The firm’s 50-day moving average price is $40.74 and its 200-day moving average price is $39.21.

Financial Engines (NASDAQ:FNGN) last issued its quarterly earnings data on Thursday, May 4th. The asset manager reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. Financial Engines had a net margin of 6.74% and a return on equity of 7.03%. The business had revenue of $114.10 million during the quarter, compared to analyst estimates of $115.78 million. During the same period last year, the business posted $0.24 earnings per share. Financial Engines’s quarterly revenue was up 23.9% compared to the same quarter last year. Analysts anticipate that Financial Engines Inc will post $1.36 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 6th. Shareholders of record on Wednesday, June 14th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Monday, June 12th. This represents a $0.28 annualized dividend and a yield of 0.73%. Financial Engines’s dividend payout ratio (DPR) is presently 63.64%.

FNGN has been the topic of a number of research reports. Zacks Investment Research downgraded Financial Engines from a “buy” rating to a “hold” rating in a research note on Tuesday, March 7th. William Blair reaffirmed an “outperform” rating on shares of Financial Engines in a research note on Friday, February 24th. Jefferies Group LLC reaffirmed a “buy” rating and set a $47.00 price target on shares of Financial Engines in a research note on Tuesday, March 21st. Finally, TheStreet raised Financial Engines from a “c+” rating to a “b-” rating in a research note on Thursday, April 27th.

In other news, CFO Raymond J. Sims sold 20,000 shares of Financial Engines stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $39.26, for a total transaction of $785,200.00. Following the completion of the transaction, the chief financial officer now directly owns 21,759 shares in the company, valued at $854,258.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lewis Antone, Jr. sold 788 shares of Financial Engines stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $41.00, for a total transaction of $32,308.00. Following the transaction, the executive vice president now owns 4,294 shares of the company’s stock, valued at $176,054. The disclosure for this sale can be found here. Insiders sold 4,304,517 shares of company stock valued at $188,426,262 over the last 90 days. 15.97% of the stock is currently 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:FNGN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding FNGN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Financial Engines Inc (NASDAQ:FNGN).

Related posts

Leave a Comment