Webster Bank N. A. adds KeyCorp (KEY) to its portfolio

KeyCorp (KEY) : Webster Bank N. A. added new position in KeyCorp during the most recent quarter end. The investment management firm now holds 12,346 shares of KeyCorp which is valued at $154,572 , the company said in a statement filed on Oct 14, 2016 with the SEC.KeyCorp makes up approximately 0.02% of Webster Bank N. A.’s portfolio.

Other Hedge Funds, Including , National Pension Service boosted its stake in KEY in the latest quarter, The investment management firm added 65,756 additional shares and now holds a total of 769,091 shares of KeyCorp which is valued at $9,629,019. KeyCorp makes up approx 0.08% of National Pension Service’s portfolio.Msi Financial Services Inc reduced its stake in KEY by selling 816 shares or 8.32% in the most recent quarter. The Hedge Fund company now holds 8,993 shares of KEY which is valued at $110,704.Raymond James Trust N.a. boosted its stake in KEY in the latest quarter, The investment management firm added 3,866 additional shares and now holds a total of 14,308 shares of KeyCorp which is valued at $183,142. KeyCorp makes up approx 0.02% of Raymond James Trust N.a.’s portfolio.Advisory Services Network boosted its stake in KEY in the latest quarter, The investment management firm added 112 additional shares and now holds a total of 14,784 shares of KeyCorp which is valued at $187,461. KeyCorp makes up approx 0.04% of Advisory Services Network’s portfolio.

KeyCorp opened for trading at $12.53 and hit $12.62 on the upside on Friday, eventually ending the session at $12.52, with a gain of 1.71% or 0.21 points. The heightened volatility saw the trading volume jump to 1,47,24,315 shares. Company has a market cap of $13,549 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. Wedbush Initiated KeyCorp on Oct 7, 2016 to “Outperform”, Price Target of the shares are set at $15.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 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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