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Clover Partners LP Has Upped Its Keycorp New (KEY) Stake; Citigroup Cut Cit Group (Call) (CIT) Position

Clover Partners Lp increased Keycorp New (KEY) stake by 30.3% reported in 2017Q2 SEC filing. Clover Partners Lp acquired 100,000 shares as Keycorp New (KEY)’s stock declined 6.49%. The Clover Partners Lp holds 430,000 shares with $8.06M value, up from 330,000 last quarter. Keycorp New now has $19.96 billion valuation. The stock decreased 2.21% or $0.42 during the last trading session, reaching $18.56. About 4.74M shares traded. KeyCorp (NYSE:KEY) has risen 43.10% since December 1, 2016 and is uptrending. It has outperformed by 26.40% the S&P500.

Citigroup Inc decreased Cit Group Inc (Call) (CIT) stake by 48.1% reported in 2017Q2 SEC filing. Citigroup Inc sold 117,500 shares as Cit Group Inc (Call) (CIT)’s stock rose 7.62%. The Citigroup Inc holds 126,800 shares with $6.18M value, down from 244,300 last quarter. Cit Group Inc (Call) now has $6.42 billion valuation. The stock decreased 1.81% or $0.9 during the last trading session, reaching $48.94. About 471,801 shares traded. CIT Group Inc. (NYSE:CIT) has risen 46.21% since December 1, 2016 and is uptrending. It has outperformed by 29.51% the S&P500.

Since June 5, 2017, it had 1 buy, and 1 insider sale for $99,036 activity. $100,132 worth of CIT Group Inc. (NYSE:CIT) was sold by HUDAK JAMES L on Monday, June 5. BROSNAN MICHAEL L. bought $1,096 worth of stock or 24 shares.

Analysts await CIT Group Inc. (NYSE:CIT) to report earnings on January, 30. They expect $0.82 earnings per share, up 38.98% or $0.23 from last year’s $0.59 per share. CIT’s profit will be $107.64 million for 14.92 P/E if the $0.82 EPS becomes a reality. After $1.02 actual earnings per share reported by CIT Group Inc. for the previous quarter, Wall Street now forecasts -19.61% negative EPS growth.

Among 19 analysts covering CIT Group (NYSE:CIT), 8 have Buy rating, 1 Sell and 10 Hold. Therefore 42% are positive. CIT Group had 52 analyst reports since July 23, 2015 according to SRatingsIntel. As per Tuesday, October 17, the company rating was initiated by Citigroup. The stock of CIT Group Inc. (NYSE:CIT) earned “Equal-Weight” rating by Barclays Capital on Friday, July 29. JMP Securities initiated the shares of CIT in report on Friday, December 18 with “Mkt Outperform” rating. The firm has “Buy” rating given on Tuesday, June 6 by Oppenheimer. BMO Capital Markets maintained CIT Group Inc. (NYSE:CIT) on Wednesday, July 26 with “Underperform” rating. The stock has “Hold” rating by Deutsche Bank on Thursday, January 21. BTIG Research maintained the shares of CIT in report on Tuesday, October 24 with “Buy” rating. The firm earned “Equal-Weight” rating on Wednesday, October 25 by Barclays Capital. The firm earned “Neutral” rating on Friday, August 14 by Goldman Sachs. The stock of CIT Group Inc. (NYSE:CIT) earned “Hold” rating by Wells Fargo on Friday, December 1.

Citigroup Inc increased Epizyme Inc (NASDAQ:EPZM) stake by 26,689 shares to 33,843 valued at $512,000 in 2017Q2. It also upped Juno Therapeutics Inc (Put) (NASDAQ:JUNO) stake by 18,100 shares and now owns 38,400 shares. Ishares (Call) (EWY) was raised too.

Investors sentiment decreased to 0.34 in 2017 Q2. Its down 0.76, from 1.1 in 2017Q1. It dived, as 80 investors sold CIT shares while 121 reduced holdings. 31 funds opened positions while 38 raised stakes. 145.43 million shares or 26.78% less from 198.63 million shares in 2017Q1 were reported. Gabelli Funds Limited Company invested in 0% or 12,800 shares. Bnp Paribas Arbitrage Sa invested 0% in CIT Group Inc. (NYSE:CIT). Canada Pension Plan Invest Board accumulated 243,220 shares. Mitsubishi Ufj And Banking invested in 358,722 shares or 0.03% of the stock. Paradigm Asset Mgmt Comm stated it has 14,060 shares or 0% of all its holdings. Prudential has invested 0% of its portfolio in CIT Group Inc. (NYSE:CIT). Moreover, Thompson Invest has 1.44% invested in CIT Group Inc. (NYSE:CIT) for 157,380 shares. Bankshares Of Montreal Can holds 0.01% or 274,069 shares. Northern holds 0.01% in CIT Group Inc. (NYSE:CIT) or 1.06M shares. Asset owns 6,993 shares or 0.01% of their US portfolio. Sumitomo Mitsui Asset Mngmt holds 0.01% of its portfolio in CIT Group Inc. (NYSE:CIT) for 10,574 shares. Voya Management Ltd Liability Corp reported 56,749 shares stake. Fjarde Ap has invested 0.05% of its portfolio in CIT Group Inc. (NYSE:CIT). Nuveen Asset Limited Liability Corporation holds 0.08% of its portfolio in CIT Group Inc. (NYSE:CIT) for 260,409 shares. Cibc Mkts Inc, a Ontario – Canada-based fund reported 9,962 shares.

Among 32 analysts covering Keycorp (NYSE:KEY), 18 have Buy rating, 2 Sell and 12 Hold. Therefore 56% are positive. Keycorp had 93 analyst reports since July 20, 2015 according to SRatingsIntel. CLSA downgraded the stock to “Underperform” rating in Monday, December 5 report. The firm has “Hold” rating given on Monday, November 9 by Deutsche Bank. Piper Jaffray initiated KeyCorp (NYSE:KEY) on Tuesday, November 24 with “Overweight” rating. On Thursday, June 22 the stock rating was maintained by RBC Capital Markets with “Buy”. The rating was maintained by Nomura on Thursday, July 20 with “Buy”. The firm has “Mkt Perform” rating given on Tuesday, November 29 by Keefe Bruyette & Woods. Robert W. Baird maintained KeyCorp (NYSE:KEY) rating on Friday, November 10. Robert W. Baird has “Hold” rating and $18.0 target. The rating was upgraded by Piper Jaffray on Monday, April 24 to “Overweight”. The rating was maintained by Jefferies with “Buy” on Friday, August 11. The stock has “Buy” rating by Piper Jaffray on Thursday, July 20.

Investors sentiment increased to 1.18 in Q2 2017. Its up 0.24, from 0.94 in 2017Q1. It increased, as 42 investors sold KEY shares while 198 reduced holdings. 76 funds opened positions while 207 raised stakes. 857.12 million shares or 1.29% less from 868.28 million shares in 2017Q1 were reported. Alpine Woods Cap Invsts reported 20,000 shares. Nbt Commercial Bank N A has 0.04% invested in KeyCorp (NYSE:KEY) for 13,444 shares. Texas Permanent School Fund reported 307,973 shares. Mark Sheptoff Planning Lc reported 1,000 shares stake. Bouchey Fincl Group Limited holds 0.15% or 24,265 shares. White Pine Ltd Liability Corporation stated it has 0.59% of its portfolio in KeyCorp (NYSE:KEY). Metropolitan Life stated it has 528,425 shares or 0.07% of all its holdings. Profund Advisors holds 0.04% or 42,850 shares. Mycio Wealth Prtnrs Ltd Liability Company reported 16,423 shares. Cibc World Mkts Inc, Ontario – Canada-based fund reported 139,999 shares. Paloma accumulated 54,000 shares or 0.01% of the stock. Cornercap Investment Counsel Inc invested in 25,475 shares. Tompkins Corporation stated it has 0.04% in KeyCorp (NYSE:KEY). Waratah Advsrs Ltd stated it has 160,825 shares or 0.42% of all its holdings. State Board Of Administration Of Florida Retirement System holds 0.09% or 1.73 million shares.

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