Clinton Group Inc buys $23,692,576 stake in KeyCorp (KEY)

KeyCorp (KEY) : Clinton Group Inc scooped up 1,518,538 additional shares in KeyCorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 1,976,028 shares of KeyCorp which is valued at $23,692,576.KeyCorp makes up approximately 0.99% of Clinton Group Inc’s portfolio.

Other Hedge Funds, Including , Bokf Na boosted its stake in KEY in the latest quarter, The investment management firm added 7,755 additional shares and now holds a total of 31,513 shares of KeyCorp which is valued at $377,841. KeyCorp makes up approx 0.01% of Bokf Na’s portfolio. Camarda Financial Advisors added KEY to its portfolio by purchasing 145,016 company shares during the most recent quarter which is valued at $1,738,742. KeyCorp makes up approx 1.06% of Camarda Financial Advisors’s portfolio.Barrow Hanley Mewhinney Strauss boosted its stake in KEY in the latest quarter, The investment management firm added 1,829,724 additional shares and now holds a total of 15,563,710 shares of KeyCorp which is valued at $188,632,165. KeyCorp makes up approx 0.28% of Barrow Hanley Mewhinney Strauss’s portfolio.Albion Financial Group Ut reduced its stake in KEY by selling 238,374 shares or 27.07% in the most recent quarter. The Hedge Fund company now holds 642,083 shares of KEY which is valued at $7,428,900. KeyCorp makes up approx 1.25% of Albion Financial Group Ut’s portfolio. Jfs Wealth Advisors sold out all of its stake in KEY during the most recent quarter. The investment firm sold 109 shares of KEY which is valued $1,261.

KeyCorp (KEY) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $12.23 and reached the intraday high at $12.4156. The bulls started the profit booking and pushed the shares to intraday low of $12.23. The trading session was marked by a volume range of 1,56,86,371 shares exchanging hands. The 52-week high of the shares is $14.01 and the 52-week low is $9.88. The market cap of the company stands at $13,332 M and there are 1,08,21,80,930 shares in public circulation.

On the company’s financial health, KeyCorp reported $0.27 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 26, 2016. Analyst had a consensus of $0.28. The company had revenue of $1078.00 million for the quarter, compared to analysts expectations of $1082.02 million. The company’s revenue was down -.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.27 EPS.

Many Wall Street Analysts have commented on KeyCorp. KeyCorp was Downgraded by Piper Jaffray to ” Neutral” on Aug 29, 2016. KeyCorp was Resumed by JP Morgan to “Overweight” on Jul 25, 2016. KeyCorp was Upgraded by FBR Capital to ” Outperform” on Jul 11, 2016.

KeyCorp is a bank holding company. The Bank operates through its subsidiary KeyBank National Association which is engaged in providing banking services. Through KeyBank and other subsidiaries the Bank provides a range of retail and commercial banking commercial leasing investment management consumer finance commercial mortgage servicing and special servicing and investment banking products and services. The Bank provides these services to individual corporate and institutional clients. The Bank operates in two segments: Key Community Bank which serves individuals and small to mid-sized businesses by offering a variety of deposit investment lending credit card and personalized wealth management products and business advisory services and Key Corporate Bank is a full-service corporate and investment bank focused on serving the needs of middle market clients in seven industry sectors: consumer energy healthcare industrial public sector real estate and technology.

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