Nisa Investment Advisors LLC increased its position in KeyCorp (NYSE:KEY) by 33.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 321,667 shares of the financial services provider’s stock after buying an additional 80,300 shares during the quarter. Nisa Investment Advisors LLC’s holdings in KeyCorp were worth $5,066,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of KeyCorp by 1.4% in the third quarter. Vanguard Group Inc. now owns 114,959,582 shares of the financial services provider’s stock worth $2,286,547,000 after buying an additional 1,604,187 shares during the period. Vanguard Group Inc boosted its holdings in KeyCorp by 1.4% in the third quarter. Vanguard Group Inc now owns 114,959,582 shares of the financial services provider’s stock valued at $2,286,547,000 after acquiring an additional 1,604,187 shares in the last quarter. BlackRock Inc. boosted its holdings in KeyCorp by 0.8% in the fourth quarter. BlackRock Inc. now owns 69,532,636 shares of the financial services provider’s stock valued at $1,027,693,000 after acquiring an additional 527,640 shares in the last quarter. Boston Partners boosted its holdings in KeyCorp by 35.1% in the fourth quarter. Boston Partners now owns 41,244,050 shares of the financial services provider’s stock valued at $609,586,000 after acquiring an additional 10,713,851 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in KeyCorp by 33.5% in the third quarter. JPMorgan Chase & Co. now owns 36,176,502 shares of the financial services provider’s stock valued at $719,551,000 after acquiring an additional 9,086,291 shares in the last quarter. 82.52% of the stock is currently owned by institutional investors.
In other KeyCorp news, insider Angela G. Mago sold 4,162 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $17.33, for a total value of $72,127.46. Following the completion of the transaction, the insider now owns 128,464 shares of the company’s stock, valued at approximately $2,226,281.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert A. Deangelis sold 31,166 shares of the company’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $17.37, for a total transaction of $541,353.42. Following the sale, the insider now directly owns 196,478 shares of the company’s stock, valued at approximately $3,412,822.86. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by insiders.
Several research firms recently weighed in on KEY. Scotiabank reiterated a “buy” rating and issued a $36.00 price target on shares of KeyCorp in a report on Friday, February 22nd. Zacks Investment Research cut shares of KeyCorp from a “hold” rating to a “sell” rating in a report on Tuesday, February 26th. ValuEngine upgraded shares of KeyCorp from a “strong sell” rating to a “sell” rating in a report on Thursday. Argus dropped their target price on shares of KeyCorp from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Tuesday, January 22nd. Finally, Wedbush cut shares of KeyCorp from an “outperform” rating to a “neutral” rating and set a $16.63 target price on the stock. in a report on Monday, February 4th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $22.46.
Shares of NYSE:KEY opened at $16.79 on Monday. KeyCorp has a fifty-two week low of $13.65 and a fifty-two week high of $21.91. The company has a quick ratio of 0.88, a current ratio of 0.90 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $16.82 billion, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 1.17 and a beta of 1.20.
KeyCorp (NYSE:KEY) last issued its earnings results on Thursday, April 18th. The financial services provider reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.02). KeyCorp had a return on equity of 13.16% and a net margin of 24.18%. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same period last year, the firm posted $0.38 EPS. KeyCorp’s quarterly revenue was down 2.1% compared to the same quarter last year. Sell-side analysts forecast that KeyCorp will post 1.84 earnings per share for the current year.
KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company's Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans.
Featured Article: What is the return on assets formula?
Want to see what other hedge funds are holding KEY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KeyCorp (NYSE:KEY).
Receive News & Ratings for KeyCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KeyCorp and related companies with MarketBeat.com's FREE daily email newsletter.