Boston Scientific (BSX) Shareholder United Asset Strategies Decreased Its Position; Keycorp New (KEY) Valuation Declined While Fsi Group Raised by $315,342 Its Stake

February 22, 2018 - By Nellie Frank

Fsi Group Llc increased its stake in Keycorp New (KEY) by 7.54% based on its latest 2017Q3 regulatory filing with the SEC. Fsi Group Llc bought 17,519 shares as the company’s stock declined 6.49% while stock markets rallied. The hedge fund held 249,744 shares of the major banks company at the end of 2017Q3, valued at $4.70M, up from 232,225 at the end of the previous reported quarter. Fsi Group Llc who had been investing in Keycorp New for a number of months, seems to be bullish on the $22.50B market cap company. The stock increased 0.48% or $0.1 during the last trading session, reaching $21.05. About 6.88 million shares traded. KeyCorp (NYSE:KEY) has risen 43.10% since February 22, 2017 and is uptrending. It has outperformed by 26.40% the S&P500.

United Asset Strategies Inc decreased its stake in Boston Scientific Corp (BSX) by 55.71% based on its latest 2017Q3 regulatory filing with the SEC. United Asset Strategies Inc sold 98,245 shares as the company’s stock rose 4.02% with the market. The institutional investor held 78,115 shares of the medical and dental instruments company at the end of 2017Q3, valued at $2.28M, down from 176,360 at the end of the previous reported quarter. United Asset Strategies Inc who had been investing in Boston Scientific Corp for a number of months, seems to be less bullish one the $36.76 billion market cap company. The stock decreased 0.22% or $0.06 during the last trading session, reaching $26.77. About 4.94M shares traded. Boston Scientific Corporation (NYSE:BSX) has risen 19.12% since February 22, 2017 and is uptrending. It has outperformed by 2.42% the S&P500.

Analysts await Boston Scientific Corporation (NYSE:BSX) to report earnings on April, 26. They expect $0.31 earnings per share, up 6.90% or $0.02 from last year’s $0.29 per share. BSX’s profit will be $425.70 million for 21.59 P/E if the $0.31 EPS becomes a reality. After $0.34 actual earnings per share reported by Boston Scientific Corporation for the previous quarter, Wall Street now forecasts -8.82% negative EPS growth.

Investors sentiment increased to 1.04 in Q3 2017. Its up 0.01, from 1.03 in 2017Q2. It increased, as 33 investors sold BSX shares while 166 reduced holdings. 43 funds opened positions while 164 raised stakes. 1.21 billion shares or 1.08% less from 1.22 billion shares in 2017Q2 were reported. Nuveen Asset Management Limited Liability Corporation, Illinois-based fund reported 260,170 shares. Legal General Gru Public Limited Company accumulated 6.76 million shares or 0.15% of the stock. Liberty Mutual Grp Inc Asset Management stated it has 0.1% of its portfolio in Boston Scientific Corporation (NYSE:BSX). Bp Pcl accumulated 0.17% or 166,000 shares. 26,937 were accumulated by Advisor Prns Limited Liability Corporation. Point72 Asset Management Lp invested in 0.02% or 125,500 shares. Moreover, Utd Services Automobile Association has 0.1% invested in Boston Scientific Corporation (NYSE:BSX). Nordea Invest Mgmt owns 81,906 shares for 0.01% of their portfolio. Price Michael F invested in 1.15% or 284,200 shares. Guardian Life Insur Of America holds 0.01% or 3,178 shares in its portfolio. 4.74 million are owned by Fred Alger Inc. Regions Fincl Corporation has 0.02% invested in Boston Scientific Corporation (NYSE:BSX). Pggm holds 0.03% or 232,120 shares. Diamond Hill Incorporated invested 0.46% in Boston Scientific Corporation (NYSE:BSX). Prudential Public Limited Company holds 0% of its portfolio in Boston Scientific Corporation (NYSE:BSX) for 9,122 shares.

Among 29 analysts covering Boston Scientific Corporation (NYSE:BSX), 23 have Buy rating, 0 Sell and 6 Hold. Therefore 79% are positive. Boston Scientific Corporation had 89 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of Boston Scientific Corporation (NYSE:BSX) earned “Buy” rating by Needham on Friday, April 28. The firm has “Hold” rating by TheStreet given on Thursday, August 13. Jefferies maintained Boston Scientific Corporation (NYSE:BSX) rating on Wednesday, November 29. Jefferies has “Hold” rating and $27.0 target. The stock has “Hold” rating by Jefferies on Tuesday, June 27. As per Thursday, February 25, the company rating was initiated by SunTrust. BTIG Research downgraded the stock to “Neutral” rating in Monday, May 23 report. The stock of Boston Scientific Corporation (NYSE:BSX) earned “Buy” rating by Needham on Monday, September 28. BMO Capital Markets maintained it with “Buy” rating and $3000 target in Thursday, July 27 report. On Thursday, November 12 the stock rating was initiated by Citigroup with “Buy”. On Tuesday, October 31 the stock rating was maintained by SunTrust with “Buy”.

Since August 29, 2017, it had 0 insider purchases, and 12 sales for $16.75 million activity. Pierce David A sold 8,763 shares worth $243,074. Pratt Timothy A. sold $277,475 worth of stock or 10,104 shares. The insider Fitzgerald Joseph Michael sold $2.26 million. Shares for $1.56M were sold by Nanavaty Maulik on Wednesday, August 30. Bose Supratim sold $10.11 million worth of Boston Scientific Corporation (NYSE:BSX) on Tuesday, October 3.

United Asset Strategies Inc, which manages about $731.00 million and $176.37 million US Long portfolio, upped its stake in Vanguard Intl Equity Index F (VEU) by 23,305 shares to 31,471 shares, valued at $1.66M in 2017Q3, according to the filing. It also increased its holding in Citigroup Inc (NYSE:C) by 4,972 shares in the quarter, for a total of 15,205 shares, and has risen its stake in Ishares Tr (IWB).

Since October 24, 2017, it had 1 insider purchase, and 4 sales for $2.34 million activity. The insider Buffie Craig A sold $250,639. On Tuesday, October 24 the insider Harris Paul N sold $51,122. $1.18M worth of KeyCorp (NYSE:KEY) was sold by Gorman Christopher M. on Thursday, February 15. Shares for $869,610 were sold by Paine Andrew J III on Thursday, October 26.

Fsi Group Llc, which manages about $3.71B and $141.12 million US Long portfolio, decreased its stake in Chubb Limited by 10,095 shares to 7,405 shares, valued at $1.06 million in 2017Q3, according to the filing. It also reduced its holding in Fb Finl Corp by 13,300 shares in the quarter, leaving it with 171,700 shares, and cut its stake in Suntrust Bks Inc (NYSE:STI).

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. As per Tuesday, July 25, the company rating was maintained by BMO Capital Markets. BMO Capital Markets maintained it with “Buy” rating and $21.0 target in Tuesday, October 3 report. RBC Capital Markets maintained KeyCorp (NYSE:KEY) rating on Monday, November 2. RBC Capital Markets has “Outperform” rating and $14 target. The stock of KeyCorp (NYSE:KEY) has “Buy” rating given on Monday, November 2 by Citigroup. Keefe Bruyette & Woods maintained KeyCorp (NYSE:KEY) on Monday, August 14 with “Buy” rating. The rating was upgraded by Wood to “Outperform” on Tuesday, July 11. BMO Capital Markets maintained it with “Buy” rating and $25.0 target in Thursday, January 18 report. The rating was maintained by Deutsche Bank on Wednesday, August 12 with “Buy”. FBR Capital maintained KeyCorp (NYSE:KEY) rating on Friday, April 21. FBR Capital has “Outperform” rating and $22 target. As per Thursday, January 18, the company rating was maintained by RBC Capital Markets.

Investors sentiment decreased to 1.1 in 2017 Q3. 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. Bancorp Of America De stated it has 0.05% in KeyCorp (NYSE:KEY). Gsa Capital Prns Llp reported 51,286 shares. X Mngmt Limited Liability Com stated it has 65,647 shares. 248,673 were accumulated by Robeco Institutional Asset Management Bv. Institute For Wealth Lc owns 29,607 shares. The United Kingdom-based Marshall Wace Ltd Liability Partnership has invested 0.08% in KeyCorp (NYSE:KEY). Investec Asset Mngmt Ltd owns 522,199 shares. Greenwood Associates Ltd Liability Com accumulated 0.2% or 42,720 shares. Castleark Mngmt Llc has 25,680 shares. Maltese Management Limited Liability Corporation holds 2.3% of its portfolio in KeyCorp (NYSE:KEY) for 1.43 million shares. Da Davidson stated it has 155,524 shares. State Street owns 56.35 million shares. Moors Cabot Inc reported 36,252 shares or 0.1% of all its holdings. Mariner Wealth Advsrs Ltd Llc accumulated 0.13% or 157,576 shares. White Pine Capital Limited Company owns 78,225 shares for 0% of their portfolio.

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