Janus Henderson Group PLC Trims Holdings in Financial Engines Inc (FNGN)

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Janus Henderson Group PLC cut its stake in Financial Engines Inc (NASDAQ:FNGN) by 1.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,225,959 shares of the asset manager’s stock after selling 70,803 shares during the period. Janus Henderson Group PLC owned about 6.63% of Financial Engines worth $189,746,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its position in Financial Engines by 11.9% during the 2nd quarter. BlackRock Inc. now owns 8,815,509 shares of the asset manager’s stock worth $395,816,000 after buying an additional 934,806 shares during the last quarter. Champlain Investment Partners LLC raised its position in Financial Engines by 6.5% during the 1st quarter. Champlain Investment Partners LLC now owns 2,718,785 shares of the asset manager’s stock worth $95,157,000 after buying an additional 164,760 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Financial Engines by 10.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,245,167 shares of the asset manager’s stock worth $43,581,000 after buying an additional 121,909 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Financial Engines by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 746,197 shares of the asset manager’s stock worth $33,503,000 after purchasing an additional 11,122 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Financial Engines by 3.4% during the 1st quarter. JPMorgan Chase & Co. now owns 594,115 shares of the asset manager’s stock worth $20,794,000 after purchasing an additional 19,340 shares during the period. Institutional investors own 99.75% of the company’s stock.

In other Financial Engines news, COO John Bunch sold 2,000 shares of Financial Engines stock in a transaction dated Thursday, July 5th. The stock was 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 directly owns 20,754 shares of the company’s stock, valued at approximately $933,930. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.00% of the stock is currently owned by insiders.

A number of brokerages have recently commented on FNGN. BidaskClub cut shares of Financial Engines from a “buy” rating to a “hold” rating in a research note on Friday, July 6th. Zacks Investment Research raised shares of Financial Engines from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Tuesday, June 5th. Finally, ValuEngine raised shares of Financial Engines from a “hold” rating to a “buy” rating in a research note on Wednesday, June 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Financial Engines presently has a consensus rating of “Hold” and a consensus target price of $41.50.

FNGN remained flat at $$44.95 on Friday. The company has a market cap of $2.86 billion, a P/E ratio of 43.64, a PEG ratio of 2.43 and a beta of 1.46. Financial Engines Inc has a 1 year low of $24.45 and a 1 year high of $45.00.

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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