Chicago Capital Management buys $16,321,259 stake in First Niagara Financial Group (FNFG)

First Niagara Financial Group (FNFG) : Chicago Capital Management scooped up 115,499 additional shares in First Niagara Financial Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 1,589,217 shares of First Niagara Financial Group which is valued at $16,321,259.First Niagara Financial Group makes up approximately 5.91% of Chicago Capital Management’s portfolio.

Other Hedge Funds, Including , Benin Management Corp sold out all of its stake in FNFG during the most recent quarter. The investment firm sold 129,721 shares of FNFG which is valued $1,312,777.Bnp Paribas Arbitrage Sa boosted its stake in FNFG in the latest quarter, The investment management firm added 441,888 additional shares and now holds a total of 642,386 shares of First Niagara Financial Group which is valued at $6,224,720. First Niagara Financial Group makes up approx 0.03% of Bnp Paribas Arbitrage Sa’s portfolio.

First Niagara Financial Group opened for trading at $10.18 and hit $10.27 on the upside on Monday, eventually ending the session at $10.27, with a gain of 0.49% or 0.05 points. The heightened volatility saw the trading volume jump to 46,56,909 shares. Company has a market cap of $3,645 M.

On the company’s financial health, First Niagara Financial Group reported $0.14 EPS for the quarter, based on the information available during the earnings call on Apr 29, 2016. Analyst had a consensus estimate of $0.14.Analysts expectations of $ 351.18.During the same quarter in the previous year, the company posted $0.15 EPS.

First Niagara Financial Group Inc. is a bank holding company. The Company provides a range of retail and commercial banking as well as other financial services through its wholly owned bank subsidiary First Niagara Bank N.A. (the Bank). The Bank is a nationally chartered regional bank providing financial services to individuals families and businesses. The Bank provides its retail consumer and business customers with banking services including residential and commercial real estate loans commercial business loans consumer loans wealth management products as well as retail and commercial deposit products. Additionally it offers insurance services through a wholly owned subsidiary of the Bank. The Bank operates through approximately 411 branches and several financial services subsidiaries.

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