Today’s Market Runner: First Niagara Financial Group Inc Stock Increased as Institutional Investors Exit

November 30, 2016 - By Richard Conner   ·   0 Comments

Today's Market Runner: First Niagara Financial Group Inc Stock Increased as Institutional Investors Exit

Sentiment for First Niagara Financial Group Inc (NASDAQ:FNFG)

First Niagara Financial Group Inc (NASDAQ:FNFG) institutional sentiment decreased to 0 in 2016 Q2. Its down -1.49, from 1.49 in 2016Q1. The ratio dropped, as 124 funds opened new and increased holdings, while 83 sold and trimmed positions in First Niagara Financial Group Inc. The funds in our partner’s database now have: 259.86 million shares, up from 252.65 million shares in 2016Q1. Also, the number of funds holding First Niagara Financial Group Inc in their top 10 holdings decreased from 2 to 1 for a decrease of 1. Sold All: 22 Reduced: 61 Increased: 95 New Position: 29.

First Niagara Financial Group Inc. is a bank holding firm for First Niagara Bank, N.A. . The company has a market cap of $3.61 billion. The Bank is engaged in providing financial services to individuals and businesses in New York, Western and Eastern Pennsylvania, Connecticut, and Western Massachusetts. It has a 20.57 P/E ratio. The Bank is a nationally chartered regional bank providing financial services to individuals, families and businesses.

It is down 6.00% since October 31, 2016 and is uptrending. It has outperformed by 0.77% the S&P500.

Schneider Capital Management Corp holds 5.36% of its portfolio in First Niagara Financial Group Inc. for 2.94 million shares. Manikay Partners Llc owns 4.88 million shares or 3.62% of their US portfolio. Moreover, Magnetar Financial Llc has 1.88% invested in the company for 10.28 million shares. The New York-based Westchester Capital Management Llc has invested 1.71% in the stock. Fuller & Thaler Asset Management Inc., a California-based fund reported 6.34 million shares.#img1#

First Niagara Financial Group Inc. (NASDAQ:FNFG) Ratings Coverage

Ratings analysis reveals 18% of First Niagara Financial Group’s analysts are positive. Out of 11 Wall Street analysts rating First Niagara Financial Group, 2 give it “Buy”, 2 “Sell” rating, while 7 recommend “Hold”. The lowest target is $8 while the high is $13. The stock’s average target of $10.31 is 1.28% above today’s ($10.18) share price. FNFG was included in 14 notes of analysts from July 28, 2015. Compass Point initiated First Niagara Financial Group Inc. (NASDAQ:FNFG) rating on Thursday, October 1. Compass Point has “Buy” rating and $12 price target. As per Friday, September 25, the company rating was maintained by Barclays Capital. The stock has “Hold” rating given by Standpoint Research on Friday, November 13. The stock of First Niagara Financial Group Inc. (NASDAQ:FNFG) earned “Neutral” rating by Goldman Sachs on Monday, November 2. The company was downgraded on Monday, October 26 by Wells Fargo. The stock of First Niagara Financial Group Inc. (NASDAQ:FNFG) has “Under Perform” rating given on Friday, October 30 by Boenning & Scattergood. On Monday, October 26 the stock rating was maintained by RBC Capital Markets with “Sector Perform”.

More notable recent First Niagara Financial Group Inc. (NASDAQ:FNFG) news were published by: Wsj.com which released: “KeyCorp to Acquire First Niagara Financial for $4.1 Billion” on October 30, 2015, also Cleveland.com with their article: “KeyCorp completes First Niagara Financial Group acquisition, becomes 13th …” published on July 30, 2016, Crainscleveland.com published: “KeyCorp names three First Niagara Financial Group directors who will join …” on April 22, 2016. More interesting news about First Niagara Financial Group Inc. (NASDAQ:FNFG) were released by: Bloomberg.com and their article: “KeyCorp Bid for First Niagara Faces Scrutiny Over Bias Probe” published on May 27, 2016 as well as Crainscleveland.com‘s news article titled: “Shareholders approve KeyCorp, First Niagara Financial Group merger” with publication date: March 23, 2016.

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By Richard Conner


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