Hilton Capital Management adds KeyCorp (KEY) to its portfolio

KeyCorp (KEY) : Hilton Capital Management added new position in KeyCorp during the most recent quarter end. The investment management firm now holds 955,780 shares of KeyCorp which is valued at $12,233,984 , the company said in a statement filed on Oct 11, 2016 with the SEC.KeyCorp makes up approximately 3.18% of Hilton Capital Management’s portfolio.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in KEY in the latest quarter, The investment management firm added 112 additional shares and now holds a total of 14,784 shares of KeyCorp which is valued at $187,461. KeyCorp makes up approx 0.04% of Advisory Services Network’s portfolio.Chevy Chase Trust Holdings boosted its stake in KEY in the latest quarter, The investment management firm added 183,811 additional shares and now holds a total of 903,413 shares of KeyCorp which is valued at $11,527,550. KeyCorp makes up approx 0.06% of Chevy Chase Trust Holdings’s portfolio. Independent Portfolio Consultants added KEY to its portfolio by purchasing 35,615 company shares during the most recent quarter which is valued at $454,447. KeyCorp makes up approx 0.14% of Independent Portfolio Consultants’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in KEY by selling 499,881 shares or 76.03% in the most recent quarter. The Hedge Fund company now holds 157,611 shares of KEY which is valued at $2,011,116. KeyCorp makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

KeyCorp closed down -0.06 points or -0.47% at $12.74 with 1,57,10,884 shares getting traded on Tuesday. Post opening the session at $12.78, the shares hit an intraday low of $12.63 and an intraday high of $12.84 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, KeyCorp reported $0.27 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 26, 2016. Analyst had a consensus of $0.28. The company had revenue of $1078.00 million for the quarter, compared to analysts expectations of $1082.02 million. The company’s revenue was down -.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.27 EPS.

Many Wall Street Analysts have commented on KeyCorp. Wedbush Initiated KeyCorp on Oct 7, 2016 to “Outperform”, Price Target of the shares are set at $15.KeyCorp was Downgraded by Piper Jaffray to ” Neutral” on Aug 29, 2016. KeyCorp was Resumed by JP Morgan to “Overweight” on Jul 25, 2016.

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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