Perpetual Ltd acquired a new position in shares of KeyCorp (NYSE:KEY) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 237,952 shares of the financial services provider’s stock, valued at approximately $4,459,000.
Other large investors have also modified their holdings of the company. Cypress Capital Management LLC WY increased its position in shares of KeyCorp by 177.9% during the 2nd quarter. Cypress Capital Management LLC WY now owns 7,030 shares of the financial services provider’s stock worth $132,000 after purchasing an additional 4,500 shares during the last quarter. Sun Life Financial INC increased its position in shares of KeyCorp by 80,370.0% during the 2nd quarter. Sun Life Financial INC now owns 8,047 shares of the financial services provider’s stock worth $151,000 after purchasing an additional 8,037 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of KeyCorp during the 2nd quarter worth about $174,000. First Financial Bank Trust Division acquired a new stake in shares of KeyCorp during the 2nd quarter worth about $192,000. Finally, Equity Investment Corp Acquisition Inc grew its position in KeyCorp by 3.9% in the 2nd quarter. Equity Investment Corp Acquisition Inc now owns 10,465 shares of the financial services provider’s stock valued at $196,000 after acquiring an additional 390 shares in the last quarter. 80.64% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Ruth Ann M. Gillis acquired 3,000 shares of KeyCorp stock in a transaction on Thursday, August 3rd. The stock was bought at an average price of $18.00 per share, for a total transaction of $54,000.00. Following the completion of the purchase, the director now owns 10,551 shares in the company, valued at $189,918. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andrew J. Paine III sold 46,854 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $18.56, for a total value of $869,610.24. Following the completion of the sale, the insider now owns 110,052 shares of the company’s stock, valued at approximately $2,042,565.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 277,636 shares of company stock valued at $5,149,949. 0.65% of the stock is owned by company insiders.
Several equities analysts have weighed in on KEY shares. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $22.00 target price on shares of KeyCorp in a research report on Wednesday, September 27th. Keefe, Bruyette & Woods raised KeyCorp from a “market perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research report on Monday, July 10th. BMO Capital Markets reaffirmed a “buy” rating and issued a $22.00 target price on shares of KeyCorp in a research report on Thursday, July 27th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of KeyCorp in a research note on Friday, October 20th. Finally, Zacks Investment Research cut KeyCorp from a “hold” rating to a “sell” rating in a research note on Tuesday, September 19th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company’s stock. KeyCorp currently has a consensus rating of “Hold” and an average price target of $20.31.
KeyCorp (KEY) traded down 0.86% on Friday, hitting $18.36. The stock had a trading volume of 4,966,224 shares. The company has a market cap of $19.97 billion, a price-to-earnings ratio of 18.23 and a beta of 1.13. KeyCorp has a 12-month low of $13.83 and a 12-month high of $19.53. The company’s 50 day moving average price is $18.19 and its 200-day moving average price is $18.17.
KeyCorp (NYSE:KEY) last posted its earnings results on Thursday, October 19th. The financial services provider reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.56 billion. KeyCorp had a return on equity of 10.35% and a net margin of 18.69%. The firm’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 earnings per share. Equities research analysts anticipate that KeyCorp will post $1.31 EPS for the current year.
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KeyCorp Company Profile
KeyCorp is a bank holding company. The Company is a bank-based financial services company. The Company operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, it provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, and investment banking products and services to individual, corporate and institutional clients.
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