Patten & Patten INC Lifted Stake in Keycorp (KEY) by $6.76 Million as Valuation Declined

April 17, 2018 - By Vivian Park

KeyCorp (NYSE:KEY) LogoInvestors sentiment decreased to 0.96 in 2017 Q4. Its down 0.14, from 1.1 in 2017Q3. It turned negative, 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. Cubist Systematic Strategies Lc stated it has 0.06% in KeyCorp (NYSE:KEY). Texas Permanent School Fund owns 293,573 shares. Honeywell Int invested in 1.66M shares. 102,177 were reported by Janney Montgomery Scott Ltd Llc. Whittier Of Nevada Inc owns 3,000 shares. State Treasurer State Of Michigan reported 315,227 shares. Waddell & Reed has invested 0.09% in KeyCorp (NYSE:KEY). Rampart Inv Ltd Liability Co invested in 14,710 shares or 0.11% of the stock. Apg Asset Nv owns 7.94 million shares for 0.24% of their portfolio. Elizabeth Park Capital Ltd invested in 4.62% or 709,776 shares. Toronto Dominion National Bank & Trust stated it has 0.03% of its portfolio in KeyCorp (NYSE:KEY). Ballentine Partners Ltd Liability Corporation holds 10,296 shares. Moreover, Hotchkis & Wiley Capital Mngmt Ltd Limited Liability Company has 0% invested in KeyCorp (NYSE:KEY) for 48,604 shares. Regions Financial stated it has 0.01% of its portfolio in KeyCorp (NYSE:KEY). Dana Investment reported 130,613 shares.

Since October 24, 2017, it had 1 buying transaction, and 5 selling transactions for $2.86 million activity. 11,819 shares were sold by Buffie Craig A, worth $250,639 on Monday, January 22. Another trade for 458 shares valued at $9,998 was bought by Midkiff Mark W. DeAngelis Robert A had sold 25,000 shares worth $527,750 on Wednesday, February 21. Gorman Christopher M. sold 56,038 shares worth $1.18M. Harris Paul N sold $51,122 worth of KeyCorp (NYSE:KEY) on Tuesday, October 24.

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 $12.23 million, 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 $19.93 billion market cap company. The stock decreased 2.07% or $0.4 during the last trading session, reaching $18.94. About 6.00M 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 company was maintained on Thursday, December 14 by Morgan Stanley. Keefe Bruyette & Woods maintained KeyCorp (NYSE:KEY) on Tuesday, December 12 with “Buy” rating. The company was maintained on Thursday, January 18 by Sandler O’Neill. As per Thursday, January 18, the company rating was maintained by RBC Capital Markets. The stock of KeyCorp (NYSE:KEY) earned “Buy” rating by RBC Capital Markets on Thursday, October 19. The stock has “Hold” rating by Susquehanna on Thursday, January 4. The stock of KeyCorp (NYSE:KEY) has “Buy” rating given on Monday, January 8 by Jefferies. On Thursday, January 18 the stock rating was maintained by BMO Capital Markets with “Buy”. The stock of KeyCorp (NYSE:KEY) earned “Hold” rating by Robert W. Baird on Tuesday, January 2. The stock of KeyCorp (NYSE:KEY) earned “Hold” rating by Susquehanna on Thursday, January 18.

KeyCorp (NYSE:KEY) Institutional Positions Chart

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