Hartford Financial Management buys $2,948,186 stake in KeyCorp (KEY)

KeyCorp (KEY) : Hartford Financial Management scooped up 3,746 additional shares in KeyCorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 234,355 shares of KeyCorp which is valued at $2,948,186.KeyCorp makes up approximately 1.78% of Hartford Financial Management’s portfolio.

KeyCorp opened for trading at $12.32 and hit $12.655 on the upside on Friday, eventually ending the session at $12.58, with a gain of 2.36% or 0.29 points. The heightened volatility saw the trading volume jump to 1,67,57,460 shares. Company has a market cap of $10,512 M.

Other Hedge Funds, Including , Community Bank N.a. boosted its stake in KEY in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 12,575 shares of KeyCorp which is valued at $158,194. KeyCorp makes up approx 0.04% of Community Bank N.a.’s portfolio.Joel Isaacson reduced its stake in KEY by selling 1,980 shares or 22.13% in the most recent quarter. The Hedge Fund company now holds 6,968 shares of KEY which is valued at $87,657. KeyCorp makes up approx 0.02% of Joel Isaacson’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in KEY by selling 13,536 shares or 8.32% in the most recent quarter. The Hedge Fund company now holds 149,102 shares of KEY which is valued at $1,744,493. KeyCorp makes up approx 0.04% of Oregon Public Employees Retirement Fund’s portfolio.Santa Fe Partners reduced its stake in KEY by selling 63,930 shares or 26.71% in the most recent quarter. The Hedge Fund company now holds 175,404 shares of KEY which is valued at $2,052,227. KeyCorp makes up approx 0.33% of Santa Fe Partners’s portfolio. Grassi Investment Management sold out all of its stake in KEY during the most recent quarter. The investment firm sold 220,000 shares of KEY which is valued $2,574,000.

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 .Shares were Reiterated by FBR Capital on Jan 22, 2016 to “Mkt Perform” and Lowered the Price Target to $ 12.50 from a previous price target of $15 .

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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