Patten & Patten INC Stake in Keycorp (KEY) Has Upped as Stock Declined

April 17, 2018 - By Kristen Paramore

KeyCorp (NYSE:KEY) LogoInvestors sentiment decreased to 0.96 in 2017 Q4. Its down 0.14, from 1.1 in 2017Q3. It dropped, as 49 investors sold KEY 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. Twin Mgmt Inc has 0.12% invested in KeyCorp (NYSE:KEY) for 125,350 shares. Invesco Ltd reported 0.2% in KeyCorp (NYSE:KEY). Jpmorgan Chase & Commerce holds 27.85 million shares. National Bank Of Nova Scotia stated it has 0.02% of its portfolio in KeyCorp (NYSE:KEY). State Of New Jersey Common Pension Fund D owns 0.18% invested in KeyCorp (NYSE:KEY) for 2.40M shares. 9,201 are held by Allsquare Wealth Limited Liability Corporation. Farmers And Merchants Incorporated holds 0% of its portfolio in KeyCorp (NYSE:KEY) for 443 shares. 34,456 were reported by Natl Asset Mgmt Incorporated. Virginia Retirement Et Al has invested 0.08% in KeyCorp (NYSE:KEY). First Republic Mgmt Inc has invested 0% in KeyCorp (NYSE:KEY). 623,991 are owned by Pictet Asset Mgmt Limited. 85,599 are held by Glg Ptnrs L P. Ellington Management Ltd Liability Corp holds 0.17% of its portfolio in KeyCorp (NYSE:KEY) for 50,300 shares. Meridian Mgmt reported 76,265 shares or 0.72% of all its holdings. Company Bancshares accumulated 0.01% or 32,085 shares.

Since October 24, 2017, it had 1 insider purchase, and 5 selling transactions for $2.86 million activity. 458 KeyCorp (NYSE:KEY) shares with value of $9,998 were bought by Midkiff Mark W. The insider DeAngelis Robert A sold $527,750. $51,122 worth of stock was sold by Harris Paul N on Tuesday, October 24. Paine Andrew J III sold $869,610 worth of stock. Another trade for 11,819 shares valued at $250,639 was sold by Buffie Craig A.

Patten & Patten Inc increased its stake in Keycorp (KEY) by 125.89% based on its latest 2017Q4 regulatory filing with the SEC. Patten & Patten Inc bought 337,842 shares as the company’s stock declined 5.72% with the market. The institutional investor held 606,197 shares of the major banks company at the end of 2017Q4, valued at $12.23M, up from 268,355 at the end of the previous reported quarter. Patten & Patten Inc who had been investing in Keycorp for a number of months, seems to be bullish on the $19.93B market cap company. The stock decreased 2.07% or $0.4 during the last trading session, reaching $18.94. About 6.00 million shares traded. KeyCorp (NYSE:KEY) has risen 12.17% since April 17, 2017 and is uptrending. It has outperformed by 0.62% the S&P500.

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 had 19 analyst reports since October 19, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Monday, December 18 by BMO Capital Markets. The rating was maintained by Robert W. Baird with “Hold” on Friday, November 10. The firm has “Buy” rating by RBC Capital Markets given on Thursday, October 19. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, January 18. On Thursday, October 19 the stock rating was maintained by Piper Jaffray with “Buy”. The stock has “Buy” rating by Keefe Bruyette & Woods on Thursday, December 21. Robert W. Baird maintained KeyCorp (NYSE:KEY) rating on Tuesday, January 2. Robert W. Baird has “Hold” rating and $21.0 target. BMO Capital Markets maintained it with “Buy” rating and $25.0 target in Thursday, January 18 report. The stock of KeyCorp (NYSE:KEY) has “Buy” rating given on Monday, January 8 by Jefferies. The firm earned “Hold” rating on Thursday, January 18 by Susquehanna.

KeyCorp (NYSE:KEY) Institutional Positions Chart

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