Will First Niagara Financial Group’s Third Quarter EPS Make These Top Institutional Shareholders Happy?

First Niagara Financial Group (NASDAQ:FNFG) reported their third-quarter earnings per share of $ 0.19, which is off estimates by $0.03. Revenues were clocked at $71.8 million which they beat by $17 million.

Will First Niagara Financial Group’s shareholders decrease their holdings? They reported owning a total of 16.821 million shares on 09/30/2012. The shares closed at $8.07 on 09/30/2012.

Here are the ten largest positions in First Niagara Financial Group Inc. at the end of September 30th, 2012.

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Bank of New York Mellon Corp held 5,647,082 shares on 09/30/2012 worth $45,571,950. This brought the portfolio total to 0.02%.

River & Mercantile Asset Management LLP held 3,036,750 shares on 09/30/2012 worth $24,506,572. This brought the portfolio total to 4.41%.

Diamond Hill Capital Management Inc held 1,514,335 shares on 09/30/2012 worth $12,220,683. This brought the portfolio total to 0.14%.

Channing Capital Management LLC held 1,310,152 shares on 09/30/2012 worth $10,572,926. This brought the portfolio total to 1.17%.

Lombardia Capital Partners LLC held 1,199,192 shares on 09/30/2012 worth $9,677,479. This brought the portfolio total to 0.38%.

Cullen/Frost Bankers Inc. held 811,916 shares on 09/30/2012 worth $6,552,162. This brought the portfolio total to 0.21%.

Oxford Asset Management held 507,598 shares on 09/30/2012 worth $4,096,316. This brought the portfolio total to 0.06%.

Ironwood Investment Management LLC held 491,297 shares on 09/30/2012 worth $3,964,767. This brought the portfolio total to 0.85%.

Schwab Charles Investment Management Inc held 429,786 shares on 09/30/2012 worth $3,468,373. This brought the portfolio total to 0.01%.

FBR & Co. held 405,000 shares on 09/30/2012 worth $3,268,350. This brought the portfolio total to 0.17%.

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