Rezny Wealth Management Exits Position in KeyCorp (KEY)

KeyCorp (KEY) : Rezny Wealth Management has sold out all of its stake in KeyCorp during the most recent quarter, according to the disclosure filed by the company on May 10, 2016 with the SEC. The investment management company has sold out 6 shares of KeyCorp which is valued at $70.

Other Hedge Funds, Including , Lsv Asset Management boosted its stake in KEY in the latest quarter, The investment management firm added 1,355,400 additional shares and now holds a total of 16,493,586 shares of KeyCorp which is valued at $192,480,149. KeyCorp makes up approx 0.41% of Lsv Asset Management’s portfolio. Financial Architects Inc added KEY to its portfolio by purchasing 188 company shares during the most recent quarter which is valued at $2,194. Cutter Co Brokerage added KEY to its portfolio by purchasing 12,406 company shares during the most recent quarter which is valued at $147,383. KeyCorp makes up approx 0.07% of Cutter Co Brokerage’s portfolio. Sii Investments Incwi added KEY to its portfolio by purchasing 14,278 company shares during the most recent quarter which is valued at $175,477. KeyCorp makes up approx 0.02% of Sii Investments Incwi’s portfolio.Texas Permanent School Fund reduced its stake in KEY by selling 7,010 shares or 2.37% in the most recent quarter. The Hedge Fund company now holds 288,151 shares of KEY which is valued at $3,541,376. KeyCorp makes up approx 0.04% of Texas Permanent School Fund’s portfolio.

KeyCorp opened for trading at $11.7 and hit $11.95 on the upside on Monday, eventually ending the session at $11.9, with a gain of 1.97% or 0.23 points. The heightened volatility saw the trading volume jump to 1,07,15,094 shares. Company has a market cap of $10,024 M.

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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