New York State Teachers Retirement System Buys 100 Shares of Financial Engines, Inc. (FNGN)

New York State Teachers Retirement System increased its stake in Financial Engines, Inc. (NASDAQ:FNGN) by 0.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,483 shares of the asset manager’s stock after buying an additional 100 shares during the period. New York State Teachers Retirement System owned 0.12% of Financial Engines worth $3,287,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. UBS Asset Management Americas Inc. raised its position in shares of Financial Engines by 58.2% in the first quarter. UBS Asset Management Americas Inc. now owns 31,195 shares of the asset manager’s stock worth $1,359,000 after buying an additional 11,476 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Financial Engines by 36.6% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 318,457 shares of the asset manager’s stock worth $13,868,000 after buying an additional 85,289 shares during the period. Ameriprise Financial Inc. raised its position in shares of Financial Engines by 15.9% in the first quarter. Ameriprise Financial Inc. now owns 398,427 shares of the asset manager’s stock worth $17,352,000 after buying an additional 54,731 shares during the period. Great West Life Assurance Co. Can raised its position in shares of Financial Engines by 13.4% in the first quarter. Great West Life Assurance Co. Can now owns 81,460 shares of the asset manager’s stock worth $3,543,000 after buying an additional 9,600 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of 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.

Shares of Financial Engines, Inc. (FNGN) traded down 0.78% during midday trading on Tuesday, reaching $38.25. The company’s stock had a trading volume of 233,827 shares. Financial Engines, Inc. has a 12 month low of $25.00 and a 12 month high of $45.75. The stock has a 50-day moving average of $37.60 and a 200 day moving average of $39.70. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 65.05 and a beta of 2.22.

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Several brokerages recently weighed in on FNGN. Sidoti began coverage on Financial Engines in a research note on Monday, July 10th. They set a “buy” rating for the company. Zacks Investment Research cut Financial Engines from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. TheStreet upgraded Financial Engines from a “c+” rating to a “b-” rating in a research report on Thursday, April 27th. BidaskClub lowered Financial Engines from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 1st. Finally, DA Davidson initiated coverage on Financial Engines in a research report on Wednesday, June 21st. They issued a “buy” rating and a $44.00 price target for the company. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $44.33.

In other news, EVP Lewis Antone, Jr. sold 788 shares of the company’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $41.00, for a total transaction of $32,308.00. Following the completion of the transaction, the executive vice president now directly owns 4,294 shares of the company’s stock, valued at $176,054. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey C. Grace sold 7,718 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $37.63, for a total value of $290,428.34. Following the transaction, the insider now directly owns 4,140 shares of the company’s stock, valued at $155,788.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 62,543 shares of company stock valued at $2,462,262. Insiders own 15.97% of the company’s stock.

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.

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

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