Schneider Capital Management Corp Decreased Its Stake in Keycorp (KEY)

June 29, 2018 - By Michael Lund

KeyCorp (NYSE:KEY) Corporate LogoDuring 2018 Q1 the big money sentiment increased to 1.04. That’s change of 0.08, from 2017Q4’s 0.96. 34 investors sold all, 219 reduced holdings as KEY ratio is positive. 190 grew stakes while 74 funds took stakes. Funds hold 822.67 million shares thus 1.60% less from 2017Q4’s 836.01 million shares. Robeco Institutional Asset Mgmt Bv reported 55,168 shs. Jefferies Grp Limited Liability Corporation invested 0.03% of its capital in KeyCorp (NYSE:KEY). Credit Suisse Ag reported 1.44M shs. Honeywell Intl Inc reported 1.01% of its capital in KeyCorp (NYSE:KEY). Profund Advsr Lc reported 60,099 shs. Bouchey Financial Group Limited, New York-based fund reported 23,100 shs. Rhumbline Advisers stated it has 0.08% of its capital in KeyCorp (NYSE:KEY). Cetera Advisor Network Ltd Liability Corporation holds 0.01% or 11,710 shs in its capital. Goelzer Investment holds 521,229 shs or 1.22% of its capital. Mufg Americas Holdings Corporation holds 0.03% or 45,330 shs. Da Davidson & holds 164,174 shs. 825,712 were reported by Raub Brock Capital Mngmt Limited Partnership. Clinton Grp Incorporated has invested 0.28% in KeyCorp (NYSE:KEY). Reliance Com Of Delaware reported 0.11% of its capital in KeyCorp (NYSE:KEY). Gulf Int Bancshares (Uk) Limited has 331,089 shs for 0.08% of their capital.

KEY registered $2.65 million net activity with 1 insider purchase and 5 sales since January 22, 2018. Brady Amy G. sold 24,607 shs worth $504,444. On Thursday, February 15 Gorman Christopher M. sold $1.18 million worth of KeyCorp (NYSE:KEY). 10,000 shs were sold by Burke Edward J., worth $198,300 on Tuesday, May 8. Another trade for 25,000 shs valued at $527,750 was sold by DeAngelis Robert A. Buffie Craig A also sold $250,639 worth of KeyCorp (NYSE:KEY) shs.

Schneider Capital Management Corp’s holdings in Keycorp (KEY) is reduced by 33% based on its latest 2018Q1 regulatory filing with the SEC. By selling 456,113 shares Schneider Capital Management Corp made the stock sank with 5.38%. At the end of 2018Q1, the institutional investor held 925,992 shares of the major banks company, priced at $18.10 million, down from 1.38M at the end of the previous reported quarter. $21.35B is the MC of Keycorp. Ticker’s shares touched $20.11 during the last trading session after 2.60% change.Currently KeyCorp is uptrending after 10.47% change in last June 29, 2017. KEY has 4.99 million shares volume. The stock underperformed the S&P500 by 2.10%.

Schneider Capital Management Corp manages about $436.49M US Long portfolio. According to a filing the fund upped its stake in Alexander & Baldwin Inc (NYSE:ALEX) by 231,139 shares to 560,769 shares, valued at $12.97M in 2018Q1. For a total of 1.25 million shares it increased its holding in Mallinckrodt Plc (NYSE:MNK) by 428,849 shares in the quarter, and has risen its stake in Assured Guaranty Limited (NYSE:AGO).

On July, 19 KeyCorp (NYSE:KEY)’s earnings report is expected by WallStreet, according to RTT. Analysts have anticipation on stock’s EPS of $0.41. That’s up 20.59 % from last year’s $0.34 EPS. KEY’s profit could reach $435.28M with 12.26 P/E in case $0.41 EPS is published. Wall Street now forecasts 7.89 % EPS growth despite KeyCorp last quarter’s EPS of $0.38.

More recent KeyCorp (NYSE:KEY) news were posted by Seekingalpha.com, Streetinsider.com and Streetinsider.com. The first one has “Banks report dividend boost, buybacks on no objection to its capital plan” as a title and was posted on June 28, 2018. The next is “KeyCorp (KEY) to Increase Common Stock Dividend to $0.17 and Repurchase up to $1.225 Billion” on June 28, 2018. And last was posted on June 28, 2018, called “Fed Test Forces JPMorgan (JPM), KeyCorp (KEY), American Express (AXP) to Temper Payouts – Bloomberg”.

KeyCorp (NYSE:KEY) Ratings Coverage

Total analysts of 12 have positions in KeyCorp (NYSE:KEY) as follows: 10 rated it a “Buy”, 0 with “Sell” and 2 with “Hold”. The positive are 83%. Since January 2, 2018 according to StockzIntelligence Inc KeyCorp has 16 analyst reports. On Thursday, January 18 the company was maintained by RBC Capital Markets. On Thursday, January 18 the firm earned “Hold” rating by Sandler O’Neill. In Thursday, April 19 report Jefferies maintained it with “Buy” rating and $2200 target. On Tuesday, April 24 the firm earned “Overweight” rating by Morgan Stanley. The stock rating was maintained by Piper Jaffray with “Buy” on Thursday, January 18. On Thursday, January 4 the stock of KeyCorp (NYSE:KEY) has “Hold” rating given by Susquehanna. On Wednesday, April 4 Keefe Bruyette & Woods maintained KeyCorp (NYSE:KEY) rating. Keefe Bruyette & Woods has “Buy” rating and $2300 target. On Thursday, January 25 the firm earned “Buy” rating by Deutsche Bank. On Monday, January 8 the firm earned “Buy” rating by Jefferies. On Tuesday, April 24 the company was upgraded by Susquehanna.

KeyCorp (NYSE:KEY) Institutional Investors Chart

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