January 13, 2018 – By Hazel Jackson
Sentiment for Keycorp (NYSE:KEY)
Keycorp (NYSE:KEY) institutional sentiment decreased to 1.1 in 2017 Q3. Its down -0.08, from 1.18 in 2017Q2. The ratio worsened, as 267 investment professionals increased or started new stock positions, while 242 cut down and sold equity positions in Keycorp. The investment professionals in our partner’s database now possess: 841.58 million shares, down from 857.12 million shares in 2017Q2. Also, the number of investment professionals holding Keycorp in their top 10 stock positions increased from 11 to 12 for an increase of 1. Sold All: 46 Reduced: 196 Increased: 200 New Position: 67.
KeyCorp operates as the bank holding firm for KeyBank National Association that provides various retail and commercial banking services to individual, corporate, and institutional clients in the United States. The company has market cap of $23.04 billion. The companyÂ’s Key Community Bank segment offers deposit and investment products; personal finance services and loans, including residential mortgages, home equity, credit cards, and various installment loans; deposits, investment and credit products, and business advisory services; and financial, estate and retirement planning, and asset management services to high-net-worth clients. It has a 18.59 P/E ratio. This segment also provides commercial lending, cash management, equipment leasing, investment, insurance including commercial property and casualty, as well as captive insurance and employee benefit programs, succession planning, access to capital markets, derivatives, and foreign exchange services to mid-sized businesses.
The stock increased 1.09% or $0.23 during the last trading session, reaching $21.42. About 10.08 million shares traded. KeyCorp (NYSE:KEY) has risen 43.10% since January 13, 2017 and is uptrending. It has outperformed by 26.40% the S&P500.
Analysts await KeyCorp (NYSE:KEY) to report earnings on January, 18 before the open. They expect $0.36 EPS, up 16.13 % or $0.05 from last year’s $0.31 per share. KEY’s profit will be $387.14M for 14.88 P/E if the $0.36 EPS becomes a reality. After $0.35 actual EPS reported by KeyCorp for the previous quarter, Wall Street now forecasts 2.86 % EPS growth.
Tegean Capital Management Llc holds 5.72% of its portfolio in KeyCorp for 575,000 shares. Castine Capital Management Llc owns 791,564 shares or 5.5% of their US portfolio. Moreover, Elizabeth Park Capital Advisors Ltd. has 4.92% invested in the company for 673,776 shares. The Pennsylvania-based Schneider Capital Management Corp has invested 4.23% in the stock. Fsi Group Llc, a Ohio-based fund reported 249,744 shares.#img1#
Since January 1, 0001, it had 0 insider purchases, and 5 sales for $5.15 million activity.
KeyCorp (NYSE:KEY) Ratings Coverage
Ratings analysis reveals 61% of Keycorp’s analysts are positive. Out of 33 Wall Street analysts rating Keycorp, 20 give it “Buy”, 2 “Sell” rating, while 11 recommend “Hold”. The lowest target is $2 while the high is $25.0. The stock’s average target of $19.02 is -11.20% below today’s ($21.42) share price. KEY was included in 102 notes of analysts from July 20, 2015. The stock has “Strong-Buy” rating by Vetr on Friday, August 28. The stock of KeyCorp (NYSE:KEY) earned “Buy” rating by Sterne Agee CRT on Thursday, August 20. As per Friday, January 20, the company rating was downgraded by Sandler O’Neill. The firm has “Positive” rating by Susquehanna given on Thursday, November 5. The stock has “Buy” rating by Standpoint Research on Friday, October 30. The firm earned “Outperform” rating on Wednesday, September 9 by BMO Capital Markets. The stock has “Hold” rating by Susquehanna on Thursday, January 4. The stock has “Buy” rating by Nomura on Wednesday, January 6. On Thursday, December 21 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The rating was maintained by Jefferies with “Buy” on Friday, September 15.
More notable recent KeyCorp (NYSE:KEY) news were published by: Bizjournals.com which released: “Report: WNY banks rack up consumer complaints in 2017” on January 05, 2018, also Gurufocus.com with their article: “Grassi Investment Management Buys KeyCorp, Salesforce.com Inc, Occidental …” published on January 10, 2018, Seekingalpha.com published: “KeyCorp: A Well-Managed Bank That Is Still Worth A Look” on January 10, 2018. More interesting news about KeyCorp (NYSE:KEY) were released by: Crainscleveland.com and their article: “KeyCorp CEO Beth Mooney’s career advice: Don’t hold back” published on January 11, 2018 as well as Fortune.com‘s news article titled: “KeyCorp CEO: Say Yes to Both Challenges and Opportunities” with publication date: January 10, 2018.
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