Schneider Capital Management Corp Decreased Its Stake in Keycorp (KEY) by $8.67 Million; Shares Declined

June 29, 2018 - By Matthew Medley

KeyCorp (NYSE:KEY) Corporate LogoBig Money Sentiment increased to 1.04 in Q1 2018. It has change of 0.08, from 2017Q4’s 0.96. The ratio increased due to KEY positioning: 34 sold and 219 reduced. 74 funds bought stakes and 190 increased stakes. Investors holded 836.01 million in 2017Q4 but now own 822.67 million shares or 1.60% less. Mark Sheptoff Planning Ltd Liability reported 1,000 shs. Prudential Fincl reported 2.54 million shs. Johnson Financial Incorporated invested in 636 shs. Huntington Bancshares has invested 0.04% in KeyCorp (NYSE:KEY). Convergence Invest Prtn Limited Company holds 0.01% or 2,678 shs in its capital. Moreover, Philadelphia has 0.04% invested in KeyCorp (NYSE:KEY) for 25,580 shs. Tradewinds Cap Management Ltd reported 3,752 shs. Veritable Lp accumulated 0.01% or 32,527 shs. Moreover, Two Sigma Secs Ltd Limited Liability Company has 0% invested in KeyCorp (NYSE:KEY). Tegean Management Ltd Company, New York-based fund reported 600,000 shs. Hedeker Wealth Ltd Liability Company has invested 2.98% in KeyCorp (NYSE:KEY). Clearbridge Lc, a New York-based fund reported 6.63 million shs. Pennsylvania-based Valley Advisers has invested 0.02% in KeyCorp (NYSE:KEY). Investment Partners Limited Oh Adv stated it has 20,621 shs. Moors Cabot reported 38,757 shs.

KEY registered $2.65 million net activity with 1 insider purchase and 5 insider sales since January 22, 2018. 10,000 shs valued at $198,300 were sold by Burke Edward J. on Tuesday, May 8. Midkiff Mark W bought 458 shs worth $9,998. On Wednesday, February 21 the insider DeAngelis Robert A sold $527,750. On Monday, January 22 Buffie Craig A had sold 11,819 shs worth $250,639. 56,038 shs were sold by Gorman Christopher M., worth $1.18M on Thursday, February 15.

Based on the latest 2018Q1 regulatory filing with the SEC, Schneider Capital Management Corp decreased its stake in Keycorp (KEY) by 33%. The company’s stock declined 5.38% with the market as Schneider Capital Management Corp sold 456,113 shares. At the end of 2018Q1, the institutional investor held 925,992 shares of the major banks company, valued at $18.10 million, down from 1.38M at the end of the previous reported quarter. Keycorp has $21.35 billion MC. KEY hit $20.11 during the last trading session after $0.51 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 operates about $436.49 million US Long portfolio. According to a filing the fund increased its stake in Homestreet Inc. (NASDAQ:HMST) by 293,084 shares to 459,879 shares, valued at $13.18M in 2018Q1. Schneider Capital Management Corp has risen its stake in Adient Plc and also increased its holding in Alexander & Baldwin Inc (NYSE:ALEX) by 231,139 shares in the quarter, for a total of 560,769 shares.

On July, 19 is awaited KeyCorp (NYSE:KEY)’s earnings report, as reported by Faxor. Analysts predict $0.41 earnings per share. That’s $0.07 up or 20.59 % from 2017’s earnings of $0.34. In case of $0.41 earnings per share KEY’s profit could reach $435.28 million. Wall Street sees 7.89 % EPS growth as of July, 19.

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

KeyCorp (NYSE:KEY) Ratings Coverage

A total of 12 analysts rate KeyCorp (NYSE:KEY) as follows: 10 “Buy”, 2 “Hold” and 0 “Sell”. Тherefore 83% are bullish. (NYSE:KEY) has 16 ratings reports on Jun 29, 2018 according to StockzIntelligence. On Thursday, January 4 the company was maintained by Susquehanna. On Tuesday, January 2 the firm has “Hold” rating by Robert W. Baird given. In Thursday, April 19 report BMO Capital Markets maintained the stock with “Buy” rating. On Thursday, January 18 BMO Capital Markets maintained KeyCorp (NYSE:KEY) with “Buy” rating. On Thursday, January 18 RBC Capital Markets maintained KeyCorp (NYSE:KEY) rating. RBC Capital Markets has “Buy” rating and $24.0 target. On Thursday, January 25 the stock of KeyCorp (NYSE:KEY) has “Buy” rating given by Deutsche Bank. On Tuesday, April 24 the rating was maintained by Morgan Stanley with “Overweight”. On Tuesday, April 24 the company was upgraded by Susquehanna. On Monday, January 8 Jefferies maintained KeyCorp (NYSE:KEY) with “Buy” rating. On Thursday, January 18 Sandler O’Neill maintained KeyCorp (NYSE:KEY) rating. Sandler O’Neill has “Hold” rating and $21.5 target.

KeyCorp (NYSE:KEY) Institutional Investors Chart

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