What Can We Expect After KeyCorp (NYSE:KEY)’s Upgrade By Susquehanna?

April 24, 2018 - By Ellis Scott

KeyCorp (NYSE:KEY) Logo

Investors sentiment decreased to 0.96 in 2017 Q4. Its down 0.14, from 1.1 in 2017Q3. It fall, as 49 investors sold KeyCorp shares while 207 reduced holdings. 66 funds opened positions while 179 raised stakes. 836.01 million shares or 0.66% less from 841.58 million shares in 2017Q3 were reported.

Noesis Mangement Corp reported 11,503 shares. Whittier Tru Co Of Nevada has invested 0.01% in KeyCorp (NYSE:KEY). Sg Americas Ltd Liability has 0.04% invested in KeyCorp (NYSE:KEY) for 231,408 shares. Moreover, Afam Inc has 0.26% invested in KeyCorp (NYSE:KEY) for 116,244 shares. Art Advisors Limited Liability Corporation reported 0.4% in KeyCorp (NYSE:KEY). Fj Capital Mgmt Ltd Limited Liability Company holds 10,200 shares or 0.03% of its portfolio. Ibm Retirement Fund invested in 0.1% or 25,660 shares. Northwestern Mutual Wealth Mngmt owns 5,012 shares for 0% of their portfolio. Fny Managed Accounts reported 613 shares. Glenmede Tru Na holds 0.02% in KeyCorp (NYSE:KEY) or 280,022 shares. 1832 Asset Mngmt Limited Partnership owns 199,700 shares. Norinchukin Bankshares The holds 53,914 shares. Liberty Mutual Grp Asset holds 0.03% of its portfolio in KeyCorp (NYSE:KEY) for 43,345 shares. Koch has invested 0.21% of its portfolio in KeyCorp (NYSE:KEY). South Street Ltd accumulated 610,890 shares.

Since October 26, 2017, it had 1 insider purchase, and 3 selling transactions for $1.94 million activity. Buffie Craig A sold 11,819 shares worth $250,639. $869,610 worth of KeyCorp (NYSE:KEY) shares were sold by Paine Andrew J III. Shares for $527,750 were sold by DeAngelis Robert A. $9,998 worth of KeyCorp (NYSE:KEY) was bought by Midkiff Mark W.

KeyCorp (NYSE:KEY) Stock Upgrade

In a note issued to clients and investors on Tuesday, 24 April, Susquehanna announced that they have decided to upgrade shares of KeyCorp (NYSE:KEY) stock from a Neutral to a Positive.

Investors sentiment decreased to 0.96 in 2017 Q4. Its down 0.14, from 1.1 in 2017Q3. It fall, as 49 investors sold KeyCorp shares while 207 reduced holdings. 66 funds opened positions while 179 raised stakes. 836.01 million shares or 0.66% less from 841.58 million shares in 2017Q3 were reported.

Noesis Mangement Corp reported 11,503 shares. Whittier Tru Co Of Nevada has invested 0.01% in KeyCorp (NYSE:KEY). Sg Americas Ltd Liability has 0.04% invested in KeyCorp (NYSE:KEY) for 231,408 shares. Moreover, Afam Inc has 0.26% invested in KeyCorp (NYSE:KEY) for 116,244 shares. Art Advisors Limited Liability Corporation reported 0.4% in KeyCorp (NYSE:KEY). Fj Capital Mgmt Ltd Limited Liability Company holds 10,200 shares or 0.03% of its portfolio. Ibm Retirement Fund invested in 0.1% or 25,660 shares. Northwestern Mutual Wealth Mngmt owns 5,012 shares for 0% of their portfolio. Fny Managed Accounts reported 613 shares. Glenmede Tru Na holds 0.02% in KeyCorp (NYSE:KEY) or 280,022 shares. 1832 Asset Mngmt Limited Partnership owns 199,700 shares. Norinchukin Bankshares The holds 53,914 shares. Liberty Mutual Grp Asset holds 0.03% of its portfolio in KeyCorp (NYSE:KEY) for 43,345 shares. Koch has invested 0.21% of its portfolio in KeyCorp (NYSE:KEY). South Street Ltd accumulated 610,890 shares.

Since October 26, 2017, it had 1 insider purchase, and 3 selling transactions for $1.94 million activity. Buffie Craig A sold 11,819 shares worth $250,639. $869,610 worth of KeyCorp (NYSE:KEY) shares were sold by Paine Andrew J III. Shares for $527,750 were sold by DeAngelis Robert A. $9,998 worth of KeyCorp (NYSE:KEY) was bought by Midkiff Mark W.

KeyCorp (NYSE:KEY) Ratings Coverage

Among 12 analysts covering KeyCorp (NYSE:KEY), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. KeyCorp has $25.0 highest and $18.0 lowest target. $23.04’s average target is 13.11% above currents $20.37 stock price. KeyCorp had 19 analyst reports since November 10, 2017 according to SRatingsIntel. The company was maintained on Monday, December 18 by BMO Capital Markets. The stock of KeyCorp (NYSE:KEY) has “Buy” rating given on Thursday, January 25 by Deutsche Bank. The rating was maintained by Robert W. Baird on Tuesday, January 2 with “Hold”. Sandler O’Neill maintained the stock with “Hold” rating in Thursday, January 18 report. The firm earned “Buy” rating on Thursday, January 18 by BMO Capital Markets. The stock has “Buy” rating by Stephens on Thursday, December 14. The firm has “Buy” rating by Jefferies given on Thursday, April 19. Susquehanna maintained KeyCorp (NYSE:KEY) on Thursday, January 4 with “Hold” rating. The stock has “Hold” rating by Susquehanna on Thursday, January 18. As per Monday, January 8, the company rating was maintained by Jefferies.

The stock increased 2.52% or $0.5 during the last trading session, reaching $20.37. About 3.63 million shares traded. KeyCorp (NYSE:KEY) has risen 12.17% since April 24, 2017 and is uptrending. It has outperformed by 0.62% the S&P500.

KeyCorp operates as the bank holding firm for KeyBank National Association that provides various retail and commercial banking services to individual, corporate, and institutional clients in the United States. The company has market cap of $21.69 billion. The companyÂ’s Key Community Bank segment offers deposit and investment products; personal finance services and loans, including residential mortgages, home equity, credit cards, and various installment loans; deposits, investment and credit products, and business advisory services; and financial, estate and retirement planning, and asset management services to high-net-worth clients. It has a 18.09 P/E ratio. This segment also provides commercial lending, cash management, equipment leasing, investment, insurance including commercial property and casualty, as well as captive insurance and employee benefit programs, succession planning, access to capital markets, derivatives, and foreign exchange services to mid-sized businesses.

KeyCorp (NYSE:KEY) Institutional Positions Chart

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