November 28, 2016 - By Marguerite Chambers · 0 Comments
Keycorp (NYSE:KEY) institutional sentiment increased to 2.05 in Q2 2016. Its up 0.96, from 1.09 in 2016Q1. The ratio has increased, as 245 funds increased and opened new holdings, while 225 decreased and sold their holdings in Keycorp. The funds in our partner’s database now have: 702.32 million shares, up from 685.48 million shares in 2016Q1. Also, the number of funds holding Keycorp in their top 10 holdings increased from 2 to 6 for an increase of 4. Sold All: 39 Reduced: 186 Increased: 189 New Position: 56.
KeyCorp is a bank holding company. The Bank operates through its subsidiary, KeyBank National Association , which is engaged in providing banking services. The company has a market cap of $18.53 billion. Through KeyBank and other subsidiaries, the Company provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, commercial mortgage servicing and special servicing, and investment banking services and products to individual, corporate and institutional clients. It has a 19.65 P/E ratio. The Company’s divisions include Key Community Bank and Key Corporate Bank.
The stock decreased 0.60% or $0.1 on November 25, hitting $17.33. KeyCorp (NYSE:KEY) has risen 39.65% since April 25, 2016 and is uptrending. It has outperformed by 33.63% the S&P500.
Analysts await KeyCorp (NYSE:KEY) to report earnings on January, 19. They expect $0.29 earnings per share, up 3.57% or $0.01 from last year’s $0.28 per share. KEY’s profit will be $310.08 million for 14.94 P/E if the $0.29 EPS becomes a reality. After $0.30 actual earnings per share reported by KeyCorp for the previous quarter, Wall Street now forecasts -3.33% negative EPS growth.
According to Zacks Investment Research, “KeyCorp is an integrated multi-line financial services company. Its subsidiaries provide a wide range of investment management, retail and commercial banking, consumer finance and investment banking products and services to corporate, individual and institutional clients through four lines of business: Key Retail Banking, Key Specialty Finance, Key Corporate Capital and Key Capital Partners.”
Tegean Capital Management Llc holds 5.25% of its portfolio in KeyCorp for 650,000 shares. Castine Capital Management Llc owns 700,000 shares or 3.71% of their US portfolio. Moreover, Long Pond Capital Lp has 2.7% invested in the company for 5.22 million shares. The New York-based South Street Advisors Llc has invested 2.55% in the stock. Gideon Capital Advisors Inc., a New York-based fund reported 375,167 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 1 sale for $147,907 net activity.
Ratings analysis reveals 60% of Keycorp’s analysts are positive. Out of 25 Wall Street analysts rating Keycorp, 15 give it “Buy”, 1 “Sell” rating, while 9 recommend “Hold”. The lowest target is $2 while the high is $18. The stock’s average target of $14.90 is -14.02% below today’s ($17.33) share price. KEY was included in 53 notes of analysts from July 20, 2015. The rating was upgraded by Stephens to “Overweight” on Friday, January 22. The company was upgraded on Tuesday, October 25 by Rafferty. KBW upgraded the shares of KEY in a report on Wednesday, August 12 to “Market Perform” rating. The rating was upgraded by Jefferies to “Buy” on Monday, November 23. The stock of KeyCorp (NYSE:KEY) earned “Neutral” rating by Citigroup on Tuesday, November 8. Wedbush initiated KeyCorp (NYSE:KEY) rating on Friday, October 7. Wedbush has “Outperform” rating and $15 price target. The rating was maintained by Macquarie Research with “Outperform” on Monday, November 2. The company was upgraded on Wednesday, August 12 by Bruyette & Woods”. The company was upgraded on Monday, August 24 by Vetr. The stock of KeyCorp (NYSE:KEY) has “Buy” rating given on Friday, February 5 by UBS.
KeyCorp, incorporated on December 31, 1958, is a bank holding company. The Bank operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, the Company provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, commercial mortgage servicing and special servicing, and investment banking services and products to individual, corporate and institutional clients. The Company’s divisions include Key Community Bank and Key Corporate Bank. The Company’s Other Segments consist of corporate treasury, principal investing unit and various exit portfolios.
More notable recent KeyCorp (NYSE:KEY) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Great Plains Energy, TFS Financial and KeyCorp” on November 23, 2016, also Nasdaq.com with their article: “KeyCorp (KEY) Ex-Dividend Date Scheduled for November 25, 2016” published on November 24, 2016, Prnewswire.com published: “KeyCorp Declares Quarterly Cash Dividend On Common Shares And Preferred Stocks” on November 17, 2016. More interesting news about KeyCorp (NYSE:KEY) were released by: Nasdaq.com and their article: “5 Reasons to Add KeyCorp (KEY) to Your Portfolio Right Now” published on November 24, 2016 as well as Nasdaq.com‘s news article titled: “Agree To Purchase KeyCorp At $13, Earn 8.8% Using Options” with publication date: November 21, 2016.
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By Marguerite Chambers