Albion Financial Group Ut buys $11,076,149 stake in KeyCorp (KEY)

KeyCorp (KEY) : Albion Financial Group Ut scooped up 38,393 additional shares in KeyCorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 880,457 shares of KeyCorp which is valued at $11,076,149.KeyCorp makes up approximately 1.82% of Albion Financial Group Ut’s portfolio.

KeyCorp (KEY) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $12.58 and reached the intraday high at $12.675. The bulls started the profit booking and pushed the shares to intraday low of $12.45. The trading session was marked by a volume range of 1,07,89,696 shares exchanging hands. The 52-week high of the shares is $15.7 and the 52-week low is $9.88. The market cap of the company stands at $10,504 M and there are 83,56,06,190 shares in public circulation.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in KEY during the most recent quarter. The investment firm sold 3,087,006 shares of KEY which is valued $38,834,535.Firstmerit Bank N A Trustee boosted its stake in KEY in the latest quarter, The investment management firm added 336 additional shares and now holds a total of 10,488 shares of KeyCorp which is valued at $131,939. KeyCorp makes up approx 0.01% of Firstmerit Bank N A Trustee’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in KEY in the latest quarter, The investment management firm added 16,209 additional shares and now holds a total of 203,450 shares of KeyCorp which is valued at $2,380,365. KeyCorp makes up approx 0.05% of Exxonmobil Investment Management Inc Tx’s portfolio.Chevy Chase Trust Holdings boosted its stake in KEY in the latest quarter, The investment management firm added 16,309 additional shares and now holds a total of 705,066 shares of KeyCorp which is valued at $7,678,169. KeyCorp makes up approx 0.04% of Chevy Chase Trust Holdings’s portfolio.

On the company’s financial health, KeyCorp reported $0.24 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus of $0.25. The company had revenue of $1043.00 million for the quarter, compared to analysts expectations of $1038.91 million. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Many Wall Street Analysts have commented on KeyCorp. Morgan Stanley Resumed KeyCorp on Apr 12, 2016 to “Equal-Weight”, Price Target of the shares are set at $13.50.Shares were Reiterated by RBC Capital Mkts on Apr 5, 2016 to “Outperform” and Lowered the Price Target to $ 13 from a previous price target of $14 .

KeyCorp is a bank holding company. The Bank operates through its subsidiary KeyBank National Association which is engaged in providing banking services. Through KeyBank and other subsidiaries the Bank provides a range of retail and commercial banking commercial leasing investment management consumer finance commercial mortgage servicing and special servicing and investment banking products and services. The Bank provides these services to individual corporate and institutional clients. The Bank operates in two segments: Key Community Bank which serves individuals and small to mid-sized businesses by offering a variety of deposit investment lending credit card and personalized wealth management products and business advisory services and Key Corporate Bank is a full-service corporate and investment bank focused on serving the needs of middle market clients in seven industry sectors: consumer energy healthcare industrial public sector real estate and technology.

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