Aggressive’ Bullish Options Activity Seen in KeyCorp

 Aggressive' Bullish Options Activity Seen in KeyCorp

In today’s session KeyCorp (KEY) registered an unusually high (506) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious KEY increase. With 506 contracts traded and 188994 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: KEY161216C00015000 closed last at: $2.11 or 4.5% up. About 2.19M shares traded hands. KeyCorp (NYSE:KEY) has risen 41.52% since April 20, 2016 and is uptrending. It has outperformed by 36.96% the S&P500.

KeyCorp (NYSE:KEY) Ratings Coverage

Out of 25 analysts covering Keycorp (NYSE:KEY), 15 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 60% are positive. Keycorp has been the topic of 53 analyst reports since July 20, 2015 according to StockzIntelligence Inc. Morgan Stanley reinitiated it with “Equal-Weight” rating and $13.50 target price in Tuesday, April 12 report. The stock has “Buy” rating given by Rafferty on Tuesday, October 25. The company was initiated on Tuesday, November 24 by Piper Jaffray. The stock of KeyCorp (NYSE:KEY) has “Buy” rating given on Thursday, August 20 by Sterne Agee CRT. On Monday, November 2 the stock rating was maintained by RBC Capital Markets with “Outperform”. UBS upgraded the shares of KEY in a report on Friday, February 5 to “Buy” rating. Deutsche Bank downgraded the shares of KEY in a report on Monday, November 9 to “Hold” rating. The firm has “Buy” rating given on Monday, August 24 by Vetr. The company was downgraded on Monday, November 21 by Standpoint Research. The stock of KeyCorp (NYSE:KEY) has “Outperform” rating given on Friday, October 7 by Wedbush.

According to Zacks Investment Research, “KeyCorp is an integrated multi-line financial services company. Its subsidiaries provide a wide range of investment management, retail and commercial banking, consumer finance and investment banking products and services to corporate, individual and institutional clients through four lines of business: Key Retail Banking, Key Specialty Finance, Key Corporate Capital and Key Capital Partners.”

Insitutional Activity: The institutional sentiment increased to 2.05 in Q2 2016. Its up 0.96, from 1.09 in 2016Q1. The ratio increased, as 39 funds sold all KeyCorp shares owned while 186 reduced positions. 56 funds bought stakes while 189 increased positions. They now own 702.32 million shares or 2.46% more from 685.48 million shares in 2016Q1.
Commerzbank Aktiengesellschaft Fi holds 0% of its portfolio in KeyCorp (NYSE:KEY) for 29,236 shares. Royal National Bank & Trust Of Canada holds 0.04% of its portfolio in KeyCorp (NYSE:KEY) for 5.57M shares. Icon Advisers Co has invested 0.03% of its portfolio in KeyCorp (NYSE:KEY). California State Teachers Retirement Sys has 0.04% invested in the company for 1.83M shares. Lmr Prtnrs Limited Liability Partnership holds 0.07% or 42,237 shares in its portfolio. Jpmorgan Chase & reported 37.94M shares or 0.1% of all its holdings. Systematic Financial Management Lp has 1.26% invested in the company for 8.36 million shares. Goldman Sachs Grp holds 9.26 million shares or 0.03% of its portfolio. Fukoku Mutual Life Communication last reported 0.03% of its portfolio in the stock. Bnp Paribas Arbitrage, a New York-based fund reported 220,670 shares. York Cap Management Ltd Llc owns 1.67M shares or 0.46% of their US portfolio. Barclays Public Limited Company reported 491,617 shares or 0.01% of all its holdings. Ls Inv Advsr Ltd Llc accumulated 0.03% or 44,856 shares. Rhumbline Advisers holds 0.04% of its portfolio in KeyCorp (NYSE:KEY) for 1.24 million shares. Employees Retirement Association Of Colorado holds 167,222 shares or 0.02% of its portfolio.

Insider Transactions: Since November 10, 2016, the stock had 0 insider buys, and 1 insider sale for $147,907 net activity. Brady Amy G. sold 9,457 shares worth $147,907.

KeyCorp is a bank holding company. The Bank operates through its subsidiary, KeyBank National Association , which is engaged in providing banking services. The company has a market cap of $18.51 billion. Through KeyBank and other subsidiaries, the Company provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, commercial mortgage servicing and special servicing, and investment banking services and products to individual, corporate and institutional clients. It has a 19.41 P/E ratio. The Company’s divisions include Key Community Bank and Key Corporate Bank.

KEY Company Profile

KeyCorp, incorporated on December 31, 1958, is a bank holding company. The Bank operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, the Company provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, commercial mortgage servicing and special servicing, and investment banking services and products to individual, corporate and institutional clients. The Company’s divisions include Key Community Bank and Key Corporate Bank. The Company’s Other Segments consist of corporate treasury, principal investing unit and various exit portfolios.

More important recent KeyCorp (NYSE:KEY) news were published by: Wsj.com which released: “KeyCorp Revenue Climbs on First Niagara Deal” on October 25, 2016, also Nasdaq.com published article titled: “Agree To Purchase KeyCorp At $13, Earn 8.8% Using Options”, Prnewswire.com published: “KeyCorp Reports 2016 Dodd-Frank Act Mid-Cycle Stress Test Results” on November 02, 2016. More interesting news about KeyCorp (NYSE:KEY) was released by: Bizjournals.com and their article: “KeyCorp leaders must decide what to do with 3 Albany offices” with publication date: October 27, 2016.

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