First Horizon Natl (FHN) Holder Great Lakes Advisors Decreased Its Position as Stock Declined; Elizabeth Park Capital Advisors LTD Holding in Keycorp New (KEY) Has Raised by $2.88 Million as Valuation Declined

February 17, 2018 - By wolcottdaily

Fred Cummings increased its stake in Keycorp New (KEY) by 31.08% based on its latest 2017Q3 regulatory filing with the SEC. Elizabeth Park Capital Advisors Ltd bought 159,776 shares as the company’s stock declined 6.49% while stock markets rallied. The hedge fund run by Fred Cummings held 673,776 shares of the major banks company at the end of 2017Q3, valued at $12.68M, up from 514,000 at the end of the previous reported quarter. Elizabeth Park Capital Advisors Ltd who had been investing in Keycorp New for a number of months, seems to be bullish on the $22.47B market cap company. The stock increased 0.33% or $0.07 during the last trading session, reaching $21.02. About 6.81M shares traded. KeyCorp (NYSE:KEY) has risen 43.10% since February 17, 2017 and is uptrending. It has outperformed by 26.40% the S&P500.

Great Lakes Advisors Llc decreased its stake in First Horizon Natl Corp (FHN) by 89.99% based on its latest 2017Q3 regulatory filing with the SEC. Great Lakes Advisors Llc sold 122,483 shares as the company’s stock declined 14.71% while stock markets rallied. The institutional investor held 13,624 shares of the major banks company at the end of 2017Q3, valued at $261,000, down from 136,107 at the end of the previous reported quarter. Great Lakes Advisors Llc who had been investing in First Horizon Natl Corp for a number of months, seems to be less bullish one the $6.34B market cap company. The stock increased 0.05% or $0.01 during the last trading session, reaching $19.39. About 3.01M shares traded. First Horizon National Corporation (NYSE:FHN) has risen 21.88% since February 17, 2017 and is uptrending. It has outperformed by 5.18% the S&P500.




Among 34 analysts covering Keycorp (NYSE:KEY), 21 have Buy rating, 2 Sell and 11 Hold. Therefore 62% are positive. Keycorp had 108 analyst reports since July 20, 2015 according to SRatingsIntel. The stock of KeyCorp (NYSE:KEY) earned “Hold” rating by Oppenheimer on Monday, April 24. The firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, April 12. The stock has “Neutral” rating by UBS on Wednesday, January 11. Piperjaffray downgraded the stock to “Neutral” rating in Monday, August 29 report. RBC Capital Markets maintained the shares of KEY in report on Thursday, June 22 with “Buy” rating. Keefe Bruyette & Woods maintained KeyCorp (NYSE:KEY) on Monday, August 14 with “Buy” rating. The firm has “Outperform” rating given on Thursday, September 14 by Bernstein. Susquehanna upgraded the stock to “Positive” rating in Thursday, November 5 report. As per Tuesday, January 2, the company rating was maintained by Robert W. Baird. On Friday, August 28 the stock rating was downgraded by Vetr to “Strong-Buy”.

Investors sentiment decreased to 1.1 in Q3 2017. Its down 0.08, from 1.18 in 2017Q2. It dived, 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. Commonwealth Equity holds 241,598 shares or 0.03% of its portfolio. Ngam Advsr LP invested in 268,394 shares or 0.05% of the stock. Schneider Management invested 4.23% of its portfolio in KeyCorp (NYSE:KEY). Webster National Bank N A accumulated 0.05% or 19,593 shares. 39.50 million were reported by Jpmorgan Chase Company. Pension holds 0.11% of its portfolio in KeyCorp (NYSE:KEY) for 1.07M shares. Elizabeth Park Cap Advsrs Ltd owns 673,776 shares or 4.92% of their US portfolio. New Mexico Educational Retirement Board reported 101,887 shares. 300 were accumulated by Atwood & Palmer. Cetera Advisor Networks Ltd Liability Co invested 0.01% of its portfolio in KeyCorp (NYSE:KEY). 26,844 are owned by Veritas Invest Mngmt Ltd Liability Partnership. Asset One Ltd stated it has 1.84 million shares. Moreover, Price T Rowe Assocs Md has 0.14% invested in KeyCorp (NYSE:KEY) for 42.82 million shares. Massachusetts-based Moors And Cabot has invested 0.1% in KeyCorp (NYSE:KEY). Mark Sheptoff Fincl Planning Lc has invested 0.01% in KeyCorp (NYSE:KEY).

Since October 24, 2017, it had 1 insider purchase, and 3 sales for $1.16 million activity. 46,854 KeyCorp (NYSE:KEY) shares with value of $869,610 were sold by Paine Andrew J III. Another trade for 458 shares valued at $9,998 was made by Midkiff Mark W on Monday, January 29. $250,639 worth of KeyCorp (NYSE:KEY) was sold by Buffie Craig A on Monday, January 22.

Elizabeth Park Capital Advisors Ltd, which manages about $166.10 million and $257.67 million US Long portfolio, decreased its stake in Comerica Inc (NYSE:CMA) by 10,000 shares to 55,955 shares, valued at $4.27 million in 2017Q3, according to the filing. It also reduced its holding in Zions Bancorporation (NASDAQ:ZION) by 12,000 shares in the quarter, leaving it with 258,852 shares, and cut its stake in Suntrust Bks Inc (NYSE:STI).

Great Lakes Advisors Llc, which manages about $5.40B and $4.25 billion US Long portfolio, upped its stake in Prudential Finl Inc (NYSE:PRU) by 20,281 shares to 657,668 shares, valued at $69.92M in 2017Q3, according to the filing. It also increased its holding in Wiley John And Sons Inc (NYSE:JW.A) by 10,809 shares in the quarter, for a total of 121,216 shares, and has risen its stake in Luminex Corp Del (NASDAQ:LMNX).

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.09, from 1.04 in 2017Q2. It dived, as 38 investors sold FHN shares while 67 reduced holdings. 26 funds opened positions while 74 raised stakes. 204.94 million shares or 3.94% more from 197.17 million shares in 2017Q2 were reported. Louisiana-based Louisiana State Employees Retirement System has invested 0.06% in First Horizon National Corporation (NYSE:FHN). Credit Agricole S A owns 56,373 shares. Citigroup holds 0% or 6,500 shares. Bokf Na owns 0.03% invested in First Horizon National Corporation (NYSE:FHN) for 58,213 shares. Ameriprise Fincl has invested 0.01% of its portfolio in First Horizon National Corporation (NYSE:FHN). 5.07M are owned by Victory Mgmt Incorporated. Old Second Bank Of Aurora reported 60 shares. Moreover, Stifel has 0.01% invested in First Horizon National Corporation (NYSE:FHN) for 121,977 shares. Diversified Trust reported 12,338 shares. Oregon Employees Retirement Fund invested in 86,186 shares or 0.03% of the stock. Brandywine Inv Mgmt Ltd Llc reported 0% stake. Proshare Ltd Liability Corporation reported 47,178 shares or 0.01% of all its holdings. Shelton Cap reported 0.03% stake. Ghp Investment stated it has 65,337 shares or 0.19% of all its holdings. Fincl Bank Of Ny Mellon holds 4.09 million shares or 0.02% of its portfolio.

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