KeyCorp (NYSE:KEY) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. trimmed its stake in shares of KeyCorp (NYSE:KEY) by 9.1% in the fourth quarter, Holdings Channel reports. The fund owned 282,305 shares of the financial services provider’s stock after selling 28,363 shares during the period. Asset Management One Co. Ltd.’s holdings in KeyCorp were worth $4,105,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC acquired a new stake in KeyCorp during the 4th quarter worth approximately $26,000. Sound Income Strategies LLC lifted its position in KeyCorp by 3,600.0% during the 4th quarter. Sound Income Strategies LLC now owns 1,887 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 1,836 shares during the period. Cary Street Partners Investment Advisory LLC acquired a new stake in KeyCorp during the 3rd quarter worth approximately $28,000. Baldwin Brothers LLC MA acquired a new stake in shares of KeyCorp in the 4th quarter valued at approximately $35,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of KeyCorp in the 2nd quarter valued at approximately $37,000. 79.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KEY has been the subject of several recent analyst reports. Jefferies Financial Group raised their price target on KeyCorp from $17.00 to $18.00 and gave the company a “buy” rating in a report on Monday. The Goldman Sachs Group raised their price target on KeyCorp from $13.50 to $15.00 and gave the company a “buy” rating in a report on Monday, December 18th. Evercore ISI raised their price target on KeyCorp from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Wells Fargo & Company raised their price target on KeyCorp from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Finally, Morgan Stanley raised their price target on KeyCorp from $12.00 to $16.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $15.53.

KeyCorp Stock Performance

KeyCorp stock opened at $14.72 on Friday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a fifty day moving average of $14.64 and a two-hundred day moving average of $13.22. The company has a market capitalization of $13.65 billion, a price-to-earnings ratio of 16.53 and a beta of 1.29. KeyCorp has a fifty-two week low of $8.53 and a fifty-two week high of $15.86.

KeyCorp (NYSE:KEY) last released its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.53 billion. KeyCorp had a return on equity of 10.63% and a net margin of 8.61%. During the same quarter last year, the business posted $0.38 earnings per share. On average, analysts anticipate that KeyCorp will post 1.18 EPS for the current fiscal year.

Insiders Place Their Bets

In other KeyCorp news, insider Kenneth C. Gavrity sold 2,376 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $14.03, for a total transaction of $33,335.28. Following the completion of the transaction, the insider now owns 98,120 shares of the company’s stock, valued at $1,376,623.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Douglas M. Schosser sold 3,326 shares of KeyCorp stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $14.00, for a total value of $46,564.00. Following the completion of the sale, the chief accounting officer now owns 19,795 shares of the company’s stock, valued at $277,130. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kenneth C. Gavrity sold 2,376 shares of KeyCorp stock in a transaction on Friday, February 16th. The shares were sold at an average price of $14.03, for a total value of $33,335.28. Following the completion of the sale, the insider now directly owns 98,120 shares of the company’s stock, valued at approximately $1,376,623.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,442 shares of company stock valued at $303,914. Corporate insiders own 0.67% of the company’s stock.

KeyCorp Profile

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; commercial leasing, investment management, consumer finance; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses.