KeyCorp (KEY) is Upgraded by Sandler O’Neill to Buy

KeyCorp (KEY) is Upgraded by Sandler O’Neill to Buy , according to the research report released to the investors. Earlier the firm had a rating of Hold on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-4-2016.

KeyCorp. is up 1.34% in the last 3-month period. Year-to-Date the stock performance stands at -3.11%.The company shares have dropped -4.40% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $15.70 and the one year low was seen on Jan 15, 2015. The 50-Day Moving Average price is $13.08 and the 200 Day Moving Average price is recorded at $13.80.

KeyCorp (NYSE:KEY) has lost 1.05% during the past week and dropped 1.64% in the last 4 weeks. The shares have underperformed the S&P 500 by 0.22% during the past week but KeyCorp (NYSE:KEY) has outperformed the index in 4 weeks by 0.66%.

Shares of KeyCorp (NYSE:KEY) ended Thursday session in red amid volatile trading. The shares closed down 0.06 points or 0.45% at $13.19 with 9,559,856 shares getting traded. Post opening the session at $13.17, the shares hit an intraday low of $13.13 and an intraday high of $13.37 and the price vacillated in this range throughout the day. The company has a market cap of $11,018 million and the number of outstanding shares have been calculated to be 835,366,930 shares. The 52-week high of KeyCorp (NYSE:KEY) is $15.7 and the 52-week low is $12.042.

Currently the company Insiders own 0.94% of KeyCorp shares according to the proxy statements. Institutional Investors own 80.46% of KeyCorp shares. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Keycorp /New/, Gillis Ruth Ann M had purchased shares worth of $76,492 in a transaction dated on May 11, 2015. A total of 5,200 shares were purchased at a price of $14.71 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

KeyCorp, is a bank holding company. It is a bank-based financial services company. KeyCorp is the parent holding company for KeyBank National Association (KeyBank), its principal subsidiary, through which most of its banking services are provided. Through KeyBank and certain other subsidiaries, the Company provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance and investment banking products and services to individual, corporate and institutional clients through two major business segments: Key Community Bank and Key Corporate Bank. In August 2013, KeyCorp closed on its agreement to sell Victory Capital Management and its broker dealer affiliate Victory Capital Advisers. In September 2014, KeyCorp closes on acquisition of Pacific Crest Securities, technology focused investment bank and capital markets firm.