KeyCorp (KEY) Reaches $21.42 52-Week High; Cardinal Capital Management Lowered By $7.59 Million Its F M C (FMC) Position

January 14, 2018 - By Nellie Frank

The stock of KeyCorp (NYSE:KEY) hit a new 52-week high and has $22.28 target or 4.00% above today’s $21.42 share price. The 5 months bullish chart indicates low risk for the $23.04B company. The 1-year high was reported on Jan, 14 by Barchart.com. If the $22.28 price target is reached, the company will be worth $921.40M more. The stock increased 1.09% or $0.23 during the last trading session, reaching $21.42. About 10.08M shares traded. KeyCorp (NYSE:KEY) has risen 43.10% since January 14, 2017 and is uptrending. It has outperformed by 26.40% the S&P500.

Cardinal Capital Management Llc decreased F M C Corp (FMC) stake by 19.73% reported in 2017Q3 SEC filing. Cardinal Capital Management Llc sold 85,253 shares as F M C Corp (FMC)’s stock rose 27.61%. The Cardinal Capital Management Llc holds 346,830 shares with $30.98M value, down from 432,083 last quarter. F M C Corp now has $13.14 billion valuation. It closed at $97.88 lastly. It is down 62.57% since January 14, 2017 and is uptrending. It has outperformed by 45.87% the S&P500.

Since August 4, 2017, it had 0 insider buys, and 5 insider sales for $5.15 million activity. Brady Amy G. sold $331,560 worth of KeyCorp (NYSE:KEY) on Monday, August 7. $869,610 worth of stock was sold by Paine Andrew J III on Thursday, October 26. Harris Paul N had sold 2,758 shares worth $51,122 on Tuesday, October 24. Mago Angela G sold 5,000 shares worth $92,400.

KeyCorp operates as the bank holding firm for KeyBank National Association that provides various retail and commercial banking services to individual, corporate, and institutional clients in the United States. The company has market cap of $23.04 billion. The companyÂ’s Key Community Bank segment offers deposit and investment products; personal finance services and loans, including residential mortgages, home equity, credit cards, and various installment loans; deposits, investment and credit products, and business advisory services; and financial, estate and retirement planning, and asset management services to high-net-worth clients. It has a 18.59 P/E ratio. This segment also provides commercial lending, cash management, equipment leasing, investment, insurance including commercial property and casualty, as well as captive insurance and employee benefit programs, succession planning, access to capital markets, derivatives, and foreign exchange services to mid-sized businesses.

Analysts await KeyCorp (NYSE:KEY) to report earnings on January, 18 before the open. They expect $0.36 earnings per share, up 16.13% or $0.05 from last year’s $0.31 per share. KEY’s profit will be $387.14M for 14.88 P/E if the $0.36 EPS becomes a reality. After $0.35 actual earnings per share reported by KeyCorp for the previous quarter, Wall Street now forecasts 2.86% EPS growth.

Among 33 analysts covering Keycorp (NYSE:KEY), 20 have Buy rating, 2 Sell and 11 Hold. Therefore 61% are positive. Keycorp had 102 analyst reports since July 20, 2015 according to SRatingsIntel. The stock has “Outperform” rating by BMO Capital Markets on Wednesday, September 9. As per Wednesday, August 12, the company rating was upgraded by KBW. The stock of KeyCorp (NYSE:KEY) earned “Strong-Buy” rating by Vetr on Friday, August 28. On Thursday, July 20 the stock rating was maintained by Piper Jaffray with “Buy”. The firm has “Hold” rating by Oppenheimer given on Monday, April 24. The company was upgraded on Wednesday, August 26 by Bernstein. On Wednesday, August 12 the stock rating was upgraded by Bruyette & Woods” to “Mkt Perform”. The rating was reinitiated by Morgan Stanley with “Equal-Weight” on Tuesday, April 12. Nomura maintained KeyCorp (NYSE:KEY) rating on Monday, April 24. Nomura has “Buy” rating and $23 target. The firm has “Mkt Perform” rating by Bernstein given on Wednesday, November 16.

Investors sentiment decreased to 1.1 in 2017 Q3. Its down 0.08, from 1.18 in 2017Q2. It worsened, as 46 investors sold KeyCorp shares while 196 reduced holdings. 67 funds opened positions while 200 raised stakes. 841.58 million shares or 1.81% less from 857.12 million shares in 2017Q2 were reported. Moreover, Systematic Fin Mngmt Ltd Partnership has 0.76% invested in KeyCorp (NYSE:KEY) for 1.99M shares. Lenox Wealth Mgmt Incorporated stated it has 11,001 shares. Marshall Wace Limited Liability Partnership owns 95,441 shares for 0.08% of their portfolio. Dreman Value Mgmt L L C invested in 85,262 shares. Walleye Trading Ltd Co stated it has 464,952 shares or 0.04% of all its holdings. Creative Planning reported 0.01% stake. First Quadrant L P Ca invested in 4,000 shares. Tokio Marine Asset Mngmt has invested 0.12% of its portfolio in KeyCorp (NYSE:KEY). Texas Permanent School Fund reported 301,391 shares. Stifel Finance Corporation reported 1.43 million shares. Advisor reported 0.05% in KeyCorp (NYSE:KEY). Hotchkis & Wiley Capital Mgmt Limited Company holds 0% or 48,604 shares in its portfolio. Alphaone Investment Services Limited Liability owns 8,724 shares. Grassi Investment Mngmt holds 23,500 shares. Parametric Portfolio Ltd Liability holds 0.09% or 4.29M shares in its portfolio.

Cardinal Capital Management Llc increased Laredo Petroleum Inc (NYSE:LPI) stake by 496,152 shares to 1.72 million valued at $22.19 million in 2017Q3. It also upped Pacific Premier Bancorp (NASDAQ:PPBI) stake by 37,185 shares and now owns 1.14 million shares. Calavo Growers Inc (NASDAQ:CVGW) was raised too.

Since August 29, 2017, it had 0 buys, and 2 insider sales for $1.22 million activity. 14,174 shares valued at $1.19M were sold by UTECHT ANDREA E on Tuesday, August 29. $33,873 worth of FMC Corporation (NYSE:FMC) was sold by Pfeiffer Nicholas on Tuesday, December 12.

Among 32 analysts covering FMC Tech (NYSE:FMC), 19 have Buy rating, 1 Sell and 12 Hold. Therefore 59% are positive. FMC Tech had 85 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was maintained by Goldman Sachs on Monday, December 4 with “Neutral”. The stock of FMC Corporation (NYSE:FMC) has “Neutral” rating given on Wednesday, August 12 by SunTrust. The company was maintained on Friday, September 8 by BMO Capital Markets. Seaport Global Securities downgraded FMC Corporation (NYSE:FMC) rating on Monday, January 23. Seaport Global Securities has “Neutral” rating and $60 target. Nomura upgraded the shares of FMC in report on Friday, August 4 to “Buy” rating. The stock has “Buy” rating by RBC Capital Markets on Monday, June 5. The firm earned “Buy” rating on Friday, September 15 by Jefferies. The firm has “Neutral” rating given on Thursday, April 21 by Credit Suisse. RBC Capital Markets maintained the stock with “Buy” rating in Tuesday, September 5 report. Longbow downgraded the shares of FMC in report on Friday, August 28 to “Neutral” rating.

Investors sentiment increased to 1.09 in Q3 2017. Its up 0.18, from 0.91 in 2017Q2. It increased, as 36 investors sold FMC shares while 164 reduced holdings. 77 funds opened positions while 141 raised stakes. 118.19 million shares or 0.61% less from 118.92 million shares in 2017Q2 were reported. Moreover, Voya Invest Mngmt Limited Liability has 0.02% invested in FMC Corporation (NYSE:FMC) for 86,021 shares. Farmers And Merchants Invs owns 236 shares. Gamco Investors Et Al has invested 0.02% in FMC Corporation (NYSE:FMC). National Bank Of Nova Scotia owns 4,000 shares. Highland Capital Management Limited Partnership invested in 0.82% or 209,300 shares. Qs Invsts Ltd stated it has 0% of its portfolio in FMC Corporation (NYSE:FMC). Alliancebernstein Ltd Partnership owns 278,049 shares. Moreover, Commerzbank Aktiengesellschaft Fi has 0.01% invested in FMC Corporation (NYSE:FMC). Weybosset & Management Ltd Liability Company has invested 4.94% of its portfolio in FMC Corporation (NYSE:FMC). Andra Ap accumulated 50,000 shares or 0.1% of the stock. Amg Funds Limited Liability Com owns 17,633 shares for 0.86% of their portfolio. Ngam Advsrs LP holds 0.01% or 11,204 shares in its portfolio. Clarivest Asset Mngmt Lc accumulated 13 shares. Corsair Cap Management Limited Partnership reported 3.07% in FMC Corporation (NYSE:FMC). Wells Fargo And Company Mn has 0.01% invested in FMC Corporation (NYSE:FMC).

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