Public Employees Retirement System of Ohio Purchases Shares of 63,000 Financial Engines Inc (FNGN)

Public Employees Retirement System of Ohio purchased a new stake in Financial Engines Inc (NASDAQ:FNGN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 63,000 shares of the asset manager’s stock, valued at approximately $2,829,000. Public Employees Retirement System of Ohio owned 0.10% of Financial Engines at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Piedmont Investment Advisors LLC lifted its holdings in shares of Financial Engines by 10.1% in the 2nd quarter. Piedmont Investment Advisors LLC now owns 14,840 shares of the asset manager’s stock worth $666,000 after acquiring an additional 1,361 shares during the last quarter. Aperio Group LLC lifted its holdings in shares of Financial Engines by 7.8% in the 2nd quarter. Aperio Group LLC now owns 21,698 shares of the asset manager’s stock worth $974,000 after acquiring an additional 1,574 shares during the last quarter. MetLife Investment Advisors LLC lifted its holdings in shares of Financial Engines by 6.1% in the 2nd quarter. MetLife Investment Advisors LLC now owns 29,145 shares of the asset manager’s stock worth $1,309,000 after acquiring an additional 1,677 shares during the last quarter. Diversified Trust Co lifted its holdings in shares of Financial Engines by 25.5% in the 1st quarter. Diversified Trust Co now owns 9,350 shares of the asset manager’s stock worth $327,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Amalgamated Bank lifted its holdings in shares of Financial Engines by 22.7% in the 2nd quarter. Amalgamated Bank now owns 10,375 shares of the asset manager’s stock worth $466,000 after acquiring an additional 1,920 shares during the last quarter. 99.75% of the stock is owned by institutional investors and hedge funds.

FNGN has been the topic of several recent analyst reports. BidaskClub upgraded shares of Financial Engines from a “hold” rating to a “buy” rating in a report on Thursday, June 28th. ValuEngine upgraded shares of Financial Engines from a “hold” rating to a “buy” rating in a report on Wednesday, June 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $41.50.

Shares of FNGN stock opened at $44.95 on Monday. Financial Engines Inc has a one year low of $24.45 and a one year high of $45.00. The company has a market capitalization of $2.86 billion, a PE ratio of 43.64, a P/E/G ratio of 2.43 and a beta of 1.46.

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.

Read More: How are Outstanding Shares Different from Authorized Shares?

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

Receive News & Ratings for Financial Engines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Financial Engines and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply