Keycorp (KEY) Market Value Declined While Cramer Rosenthal Mcglynn LLC Decreased Holding

July 17, 2017 - By Ellis Scott

Investors sentiment decreased to 0.87 in 2016 Q4. Its down 1.18, from 2.05 in 2016Q3. It worsened, as 61 investors sold KEY shares while 226 reduced holdings. 77 funds opened positions while 174 raised stakes. 851.55 million shares or 3.53% more from 822.54 million shares in 2016Q3 were reported. The Massachusetts-based Liberty Mutual Group Incorporated Asset Management has invested 0.05% in KeyCorp (NYSE:KEY). Manning Napier Advisors Limited Company accumulated 0.02% or 125,658 shares. Ing Groep Nv holds 0.02% or 62,245 shares. Algebris Investments (Uk) Llp holds 0.04% of its portfolio in KeyCorp (NYSE:KEY) for 14,125 shares. Fsi Gru Ltd stated it has 232,225 shares. Oppenheimer & holds 0.07% or 122,769 shares. Highlander Cap Lc invested in 44,119 shares or 0.7% of the stock. Old National State Bank In has 0.03% invested in KeyCorp (NYSE:KEY) for 25,896 shares. Tudor Invest Et Al has 0.26% invested in KeyCorp (NYSE:KEY) for 555,543 shares. State Of Tennessee Treasury Department invested 0.04% in KeyCorp (NYSE:KEY). Dreman Value L L C accumulated 130,495 shares or 1.34% of the stock. 332,330 are held by Mutual Of America Cap Management Limited Liability Company. Parametric Associate Limited Com reported 5.63M shares stake. Rockefeller Fincl Service Inc reported 0.07% in KeyCorp (NYSE:KEY). Cap Rech Invsts holds 17.90M shares.

Since February 8, 2017, it had 2 buys, and 3 sales for $3.46 million activity. $227,875 worth of KeyCorp (NYSE:KEY) was sold by Evans Trina M. Shares for $84,768 were bought by GILLIS RUTH ANN M on Wednesday, February 8. Shares for $240,053 were sold by Schosser Douglas M on Tuesday, May 9. 161,430 shares valued at $3.07M were sold by Burke Edward J. on Tuesday, February 21. $94 worth of stock was bought by COOLEY CHARLES P on Tuesday, February 14.

Cramer Rosenthal Mcglynn Llc decreased its stake in Keycorp (KEY) by 16.71% based on its latest 2016Q4 regulatory filing with the SEC. Cramer Rosenthal Mcglynn Llc sold 1.49 million shares as the company’s stock declined 6.49% while stock markets rallied. The institutional investor held 7.44 million shares of the major banks company at the end of 2016Q4, valued at $135.99M, down from 8.94M at the end of the previous reported quarter. Cramer Rosenthal Mcglynn Llc who had been investing in Keycorp for a number of months, seems to be less bullish one the $20.81 billion market cap company. The stock declined 0.05% or $0.01 reaching $19.13 per share. About 8.72M shares traded. KeyCorp (NYSE:KEY) has risen 43.10% since July 17, 2016 and is uptrending. It has outperformed by 26.40% the S&P500.

Cramer Rosenthal Mcglynn Llc, which manages about $14.64B and $6.74 billion US Long portfolio, upped its stake in Allergan Plc by 216,533 shares to 529,325 shares, valued at $111.16 million in 2016Q4, according to the filing. It also increased its holding in Qts Realty Trust Inc (NYSE:QTS) by 323,100 shares in the quarter, for a total of 1.26M shares, and has risen its stake in W.R. Grace & Co (NYSE:GRA).

Wall Street await KeyCorp (NYSE:KEY) to release earnings on July, 25. Analysts forecast EPS of $0.34, up exactly $0.07 or 25.93 % from 2014’s $0.27 EPS. The expected KEY’s profit could reach $369.86M giving the stock 14.07 P/E in the case that $0.34 earnings per share is reported. After posting $0.32 EPS for the previous quarter, KeyCorp’s analysts now forecast 6.25 % EPS growth.

More notable recent KeyCorp (NYSE:KEY) news were published by: which released: “KeyCorp Announces CCAR Capital Plan Which Includes Two Common Stock Dividend …” on June 28, 2017, also with their article: “KeyCorp (KEY) Declares $0.095 Quarterly Dividend; 2% Yield” published on July 12, 2017, published: “UPDATE: UBS Upgrades KeyCorp (KEY) to Buy, PT to $22; ‘Continued Execution to …” on July 10, 2017. More interesting news about KeyCorp (NYSE:KEY) were released by: and their article: “KeyCorp promotes two top execs to vice chairmen” published on June 21, 2017 as well as‘s news article titled: “KeyCorp has sealed the deal on this District-based personal finance company” with publication date: July 03, 2017.

KeyCorp (NYSE:KEY) Ratings Coverage

Among 30 analysts covering Keycorp (NYSE:KEY), 16 have Buy rating, 2 Sell and 12 Hold. Therefore 53% are positive. Keycorp had 71 analyst reports since July 20, 2015 according to SRatingsIntel. The rating was maintained by Macquarie Research with “Outperform” on Monday, November 2. The rating was downgraded by Bernstein on Wednesday, November 16 to “Mkt Perform”. The firm has “Outperform” rating given on Wednesday, August 26 by Bernstein. On Tuesday, October 25 the stock rating was maintained by FBR Capital with “Outperform”. The rating was initiated by BMO Capital Markets with “Outperform” on Wednesday, September 9. The firm has “Mkt Perform” rating by FBR Capital given on Friday, January 22. The rating was downgraded by Piperjaffray to “Neutral” on Monday, August 29. The rating was upgraded by Nomura on Wednesday, January 6 to “Buy”. Keefe Bruyette & Woods downgraded KeyCorp (NYSE:KEY) on Tuesday, November 29 to “Mkt Perform” rating. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, November 2.

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