KeyCorp (KEY) : Uss Investment Management Ltd added new position in KeyCorp during the most recent quarter end. The investment management firm now holds 841,300 shares of KeyCorp which is valued at $9,817,971 , the company said in a statement filed on Aug 1, 2016 with the SEC.KeyCorp makes up approximately 0.16% of Uss Investment Management Ltd’s portfolio.
Other Hedge Funds, Including , Community Bank Of Raymore sold out all of its stake in KEY during the most recent quarter. The investment firm sold 16,000 shares of KEY which is valued $187,200.Candriam Luxembourg S.c.a. reduced its stake in KEY by selling 270,669 shares or 13.06% in the most recent quarter. The Hedge Fund company now holds 1,801,949 shares of KEY which is valued at $20,848,550. KeyCorp makes up approx 0.53% of Candriam Luxembourg S.c.a.’s portfolio.Shell Asset Management Co boosted its stake in KEY in the latest quarter, The investment management firm added 11,916 additional shares and now holds a total of 103,220 shares of KeyCorp which is valued at $1,194,255. KeyCorp makes up approx 0.03% of Shell Asset Management Co’s portfolio. Longer Investments added KEY to its portfolio by purchasing 110,130 company shares during the most recent quarter which is valued at $1,301,737. KeyCorp makes up approx 1.39% of Longer Investments’s portfolio.
KeyCorp opened for trading at $11.67 and hit $11.8 on the upside on Thursday, eventually ending the session at $11.73, with a gain of 0.51% or 0.06 points. The heightened volatility saw the trading volume jump to 1,45,63,476 shares. Company has a market cap of $9,881 M.
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.