Signia Capital Management Lowers stake in KeyCorp (KEY)

KeyCorp (KEY) : Signia Capital Management reduced its stake in KeyCorp by 3.68% during the most recent quarter end. The investment management company now holds a total of 17,857 shares of KeyCorp which is valued at $208,391 after selling 682 shares in KeyCorp , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.KeyCorp makes up approximately 0.61% of Signia Capital Management’s portfolio.

Other Hedge Funds, Including , Utah Retirement Systems boosted its stake in KEY in the latest quarter, The investment management firm added 1,340 additional shares and now holds a total of 196,933 shares of KeyCorp which is valued at $2,298,208. KeyCorp makes up approx 0.06% of Utah Retirement Systems’s portfolio.Quadrant Capital Group boosted its stake in KEY in the latest quarter, The investment management firm added 216 additional shares and now holds a total of 4,970 shares of KeyCorp which is valued at $58,149. KeyCorp makes up approx 0.04% of Quadrant Capital Group’s portfolio. Smith Asset Management Group Lp sold out all of its stake in KEY during the most recent quarter. The investment firm sold 3,417 shares of KEY which is valued $39,535.New York State Teachers Retirement System boosted its stake in KEY in the latest quarter, The investment management firm added 636 additional shares and now holds a total of 1,630,453 shares of KeyCorp which is valued at $19,255,650. KeyCorp makes up approx 0.05% of New York State Teachers Retirement System’s portfolio.

KeyCorp closed down -0.09 points or -0.73% at $12.17 with 1,85,93,876 shares getting traded on Monday. Post opening the session at $12.3, the shares hit an intraday low of $12.15 and an intraday high of $12.3956 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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 Resumed by JP Morgan to “Overweight” on Jul 25, 2016. KeyCorp was Upgraded by FBR Capital to ” Outperform” on Jul 11, 2016. KeyCorp was Upgraded by Morgan Stanley to ” Overweight” on Jul 5, 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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