KeyCorp (NYSE:KEY) Trading Down - Shorts Up 12.96%

Recently analysts working for various investment brokerages have changed their ratings and price targets on shares of KeyCorp (NYSE:KEY). 3,527,253 shares of the stock were exchanged. Taylor Wealth Management Partners now owns 339,075 shares of the financial services provider's stock valued at $6,029,000 after purchasing an additional 118,425 shares during the period. Essex Financial Services Inc. grew its holdings in KeyCorp by 0.3% during the second quarter. Next Financial Group, Inc now holds 2,800 shares worth $52,000,000. That puts total institutional holdings at 900,733,234 shares, according to SEC filings. Mcmillion Capital Management has an ownership of 163,016 stocks of the financial services provider's shares valued at $3,055,000 following acquiring an extra 540 stocks in the previous period. Pinnacle Associates Ltd.'s holdings in KeyCorp were worth $1,990,000 at the end of the most recent quarter.

About shares traded. Select Income REIT (SIR) has risen 1.22% since September 6, 2016 and is uptrending.

Institutional investors now hold around $15.64 billion or 81.9% in KEY stock.

COPYRIGHT VIOLATION WARNING: This report was first reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are accessing this report on another publication, it was stolen and republished in violation of United States & global copyright & trademark laws. The correct version of this piece of content can be accessed at Carlson Cap Lp reported 0.28% in KeyCorp (NYSE:KEY). The lowest target is $2 while the high is $23.

KeyCorp has a 50 day moving average of 17.89 and a 200 day moving average of 18.17. Vanguard Group Inc owns $1.93 billion in KeyCorp, which represents roughly 10.2% of the company's market cap and approximately 12.37% of the institutional ownership. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.53 billion. KeyCorp had a return on equity of 9.88% and a net margin of 16.62%. KeyCorp's quarterly revenue was up 52.1% on a year-over-year basis. During the same period a year ago, the firm earned $0.27 earnings per share.

As of late the company also disclosed a divided for the quarter, expected to be paid on early Fri, Sep 15th. traders with a divided record date on Tue, Aug 29th will be paid a $0.095 dividend. Jefferies maintained the shares of KEY in report on Friday, August 11 with "Buy" rating. KeyCorp's payout ratio is 38.78%. This repurchase authorization authorizes the financial services provider to buy up to 4% of its shares through open market purchases. Moreover, Boulegeris Investments Inc. has 1.89% invested in the company for 123,525 shares.

In related news, Director Alexander M. Cutler purchased 5,000 shares of the firm's stock in a transaction dated Tuesday, July 25th. Amy G. Brady, CIO reported the sale of 18,000 shares. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued. The information was declared in a document with the SEC which is accessible through this link. Zacks Investment Research raised shares of KeyCorp from a "hold" rating to a "buy" rating and set a $21.00 target price on the stock in a research report on Wednesday, June 21st. The total value of its holdings increased 299,313.6%. Following the completion of the transaction, the director now directly owns 15,000 shares of the company's stock, valued at $268,050. The disclosure for this purchase can be found here. This company shares are 18.78% off its target price of $20.62 and the current market capitalization stands at $18.96B. The stock witnessed -3.72% declines, -0.74% declines and -8.58% declines for the 1-month, 3-month and 6-month period, respectively.

Several equities analysts have commented on KEY shares. Keefe, Bruyette & Woods raised shares of KeyCorp from a "market perform" rating to an "outperform" rating and set a $21.00 target price on the stock in a research report on Monday, July 10th.

07/11/2017 - KeyCorp had its "buy" rating reiterated by analysts at Instinet. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the company. On July 10 the company was upgraded to "Buy" from "Buy" in a statement from UBS. The stock presently has an average rating of "Hold" and an average target price of $19.98.

Deutsche Bank AG restated a "hold" recommendation on stocks of KeyCorp in a note on Mon, Jul 3rd. The Company's principal business activities are conducted through its subsidiary, Pacific Continental Bank, an OR state-chartered bank with deposits insured by the Federal Deposit Insurance Corporation. The Firm operates through its subsidiary, KeyBank National Association, which is engaged in providing banking services. Through KeyBank and other subsidiaries, it provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, and investment banking services and products to individual, corporate and institutional clients.

Like this


07 September 2017
Turkey to begin first foreign aid deliveries to Rohingya Muslims
Following Ankara , Tehran has called to end massacre of Muslim population in Myanmar's Arakan state. The European Union Tuesday issued a statement calling on both sides to de-escalate tensions.

07 September 2017
(TPH) Given Consensus Rating of "Hold" by Analysts
This repurchase authorization authorizes the construction company to reacquire shares of its stock through open market purchases. TheStreet upgraded shares of TRI Pointe Group from a "c" rating to a "b-" rating in a research report on Monday, July 10th.

07 September 2017
'I'm sorry, brother': OH officer apologizes for shooting
Body-cam footage released Wednesday shows an OH sheriff's deputy shooting a news photographer whose camera he mistook for a gun. Shaw then calls for backup and runs to Grimm, who he appears to be friends with.

07 September 2017
Missouri governor Eric Greitens to make jobs announcement in Kansas City area
Peters aerospace parts manufacturer Seyer Industries, which has added more than 100 jobs and is expanding its facility. Spring Venture Group, an insurance agency in Kansas City plans to add 400 new jobs over the next few years.

07 September 2017
Tormund's Flirtation With Brienne of Tarth Happens Even After Cameras Stop Rolling
Christie explains that she is a classically trained actress, so she rarely starts laughing during a scene, but this is the one time where she completely loses it.

07 September 2017
Latest Photoshoot: Priyanka Chopra proves again why she is Ultimate Diva
The lady arrived in Toronto yesterday was looking stylish in lounge trousers , tee and a leather jacket. The Gunday actress kept her fans posted on social media by sharing a few pictures from the event.

07 September 2017
Maker's Courtney Holt Leaves Disney for Spotify
Holt joined Disney after it purchased Maker Studios in 2014, which he led for more than five years. He will replace Tom Calderone, who Spotify previously said has been transitioning out of the role.

07 September 2017
Russian Federation may reduce USA diplomatic personnel by 155: Putin
Moscow said the move aimed to bring the number of USA and Russian diplomats working on each other's soil to parity. Putin said the USA had a right to close consulates but "it was done in such a rude way".

07 September 2017
Emerson Electric Company (NYSE:EMR) reported Market Capitalization of 37.71 Billion
Broad Run Investment Management Llc acquired 253,960 shares as Mistras Group Inc (MG)'s stock declined 6.84%. (NYSE: EMR ). Dupont Capital Management Corp increased Level 3 Communications Inc (LVLT) stake by 21.3% reported in 2016Q4 SEC filing.

07 September 2017
Here's How the New Secret of Mana Footage Compares to the Original
Secret of Mana is due out as a digital-only release for PlayStation 4, PS Vita, and PC worldwide on February 15, 2018. You can never have too much Mana , and today is certainly a good day for the fans of the Seiken Densetsu series.