Keycorp New (KEY) Shareholder First Personal Financial Services Has Lowered Stake by $358,650; Mvc Capital (MVC) Holder City Of London Investment Management Co LTD Has Raised Holding by $899,850 as Market Value Rose

January 14, 2018 - By Dolores Ford

First Personal Financial Services decreased its stake in Keycorp New (KEY) by 89.89% based on its latest 2017Q3 regulatory filing with the SEC. First Personal Financial Services sold 19,925 shares as the company’s stock declined 6.49% while stock markets rallied. The institutional investor held 2,240 shares of the major banks company at the end of 2017Q3, valued at $42,000, down from 22,165 at the end of the previous reported quarter. First Personal Financial Services who had been investing in Keycorp New for a number of months, seems to be less bullish one the $23.04 billion market cap company. The stock increased 1.09% or $0.23 during the last trading session, reaching $21.42. About 10.08 million 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.

City Of London Investment Management Co Ltd increased its stake in Mvc Capital Inc (MVC) by 59.68% based on its latest 2017Q3 regulatory filing with the SEC. City Of London Investment Management Co Ltd bought 89,985 shares as the company’s stock rose 1.38% with the market. The institutional investor held 240,758 shares of the company at the end of 2017Q3, valued at $2.41 million, up from 150,773 at the end of the previous reported quarter. City Of London Investment Management Co Ltd who had been investing in Mvc Capital Inc for a number of months, seems to be bullish on the $227.61M market cap company. The stock increased 0.47% or $0.05 during the last trading session, reaching $10.78. About 38,113 shares traded. MVC Capital, Inc. (NYSE:MVC) has risen 9.86% since January 14, 2017 and is uptrending. It has underperformed by 6.84% the S&P500.

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 firm earned “Hold” rating on Monday, November 21 by Standpoint Research. On Tuesday, November 29 the stock rating was downgraded by Keefe Bruyette & Woods to “Mkt Perform”. The firm has “Neutral” rating by Citigroup given on Monday, October 9. Susquehanna downgraded the stock to “Neutral” rating in Wednesday, November 9 report. On Wednesday, September 9 the stock rating was initiated by BMO Capital Markets with “Outperform”. BMO Capital Markets maintained it with “Buy” rating and $2200 target in Thursday, June 22 report. The rating was upgraded by Stephens on Friday, January 22 to “Overweight”. RBC Capital Markets maintained KeyCorp (NYSE:KEY) on Thursday, September 7 with “Buy” rating. The stock of KeyCorp (NYSE:KEY) earned “Buy” rating by Goldman Sachs on Monday, January 11. Macquarie Research maintained the stock with “Outperform” rating in Monday, November 2 report.

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.

First Personal Financial Services, which manages about $474.22M US Long portfolio, upped its stake in Colgate Palmolive Co (NYSE:CL) by 12,913 shares to 68,957 shares, valued at $5.02M in 2017Q3, according to the filing. It also increased its holding in China Mobile Limited (NYSE:CHL) by 17,658 shares in the quarter, for a total of 18,108 shares, and has risen its stake in Starbucks Corp (NASDAQ:SBUX).

Investors sentiment decreased to 1.1 in Q3 2017. Its down 0.08, from 1.18 in 2017Q2. It is negative, as 46 investors sold KEY 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. Philadelphia Trust Communication holds 25,875 shares. Cantab Ptnrs Llp invested in 0.05% or 18,365 shares. First Manhattan invested in 15,410 shares. Paradigm Asset Management Lc accumulated 186,350 shares. Apg Asset Mngmt Nv has invested 0.17% in KeyCorp (NYSE:KEY). Liberty Capital Mgmt Incorporated holds 0.03% or 3,000 shares. Twin Inc holds 230,660 shares or 0.23% of its portfolio. 198,000 were reported by Driehaus Mgmt Lc. Sei Invs Co owns 522,886 shares. Maple Capital Management holds 0.74% in KeyCorp (NYSE:KEY) or 146,875 shares. Texas Permanent School Fund reported 301,391 shares. King Wealth Mngmt Group Incorporated Ltd Liability stated it has 0.12% in KeyCorp (NYSE:KEY). First Lp holds 1.22 million shares. Franklin Resource Inc holds 0% or 61,440 shares in its portfolio. Carlson LP accumulated 0.55% or 1.71M shares.

Since August 4, 2017, it had 0 insider buys, and 5 sales for $5.15 million activity. Paine Andrew J III sold $869,610 worth of KeyCorp (NYSE:KEY) on Thursday, October 26. Mago Angela G sold $92,400 worth of stock or 5,000 shares. $3.81 million worth of KeyCorp (NYSE:KEY) was sold by Harris Paul N on Friday, August 4.

City Of London Investment Management Co Ltd, which manages about $4.21B and $1.39 billion US Long portfolio, decreased its stake in Liberty All Star Equity Fund (USA) by 310,275 shares to 269,097 shares, valued at $1.62 million in 2017Q3, according to the filing. It also reduced its holding in Thai Fund Inc. (TTF) by 46,552 shares in the quarter, leaving it with 3.82M shares, and cut its stake in Nexpoint Credit Strategies Fund.

Investors sentiment decreased to 1.19 in Q3 2017. Its down 0.31, from 1.5 in 2017Q2. It turned negative, as 5 investors sold MVC shares while 11 reduced holdings. 5 funds opened positions while 14 raised stakes. 8.15 million shares or 4.61% less from 8.54 million shares in 2017Q2 were reported. City Of London Investment Limited holds 0.17% of its portfolio in MVC Capital, Inc. (NYSE:MVC) for 240,758 shares. Arbiter Prns Cap Ltd Liability holds 0.21% in MVC Capital, Inc. (NYSE:MVC) or 190,854 shares. 463,386 were accumulated by Punch & Assocs Inv Mgmt. Morgan Stanley reported 0% stake. Advisors Asset Mngmt reported 95,817 shares. Commercial Bank Of America De reported 0% in MVC Capital, Inc. (NYSE:MVC). Cs Mckee Lp holds 0.03% of its portfolio in MVC Capital, Inc. (NYSE:MVC) for 32,450 shares. Boothbay Fund Mngmt Limited Liability Company holds 20,000 shares. Millennium Mgmt Ltd Liability Company accumulated 0% or 57,552 shares. Jpmorgan Chase invested in 29,544 shares. Barclays Pcl stated it has 0% in MVC Capital, Inc. (NYSE:MVC). Teton accumulated 134,300 shares. Goldman Sachs Grp holds 13,288 shares. Ancora Advisors Lc has 242,068 shares for 0.14% of their portfolio. Moreover, Bb&T Secs Ltd Limited Liability Company has 0% invested in MVC Capital, Inc. (NYSE:MVC).

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