Nisa Investment Advisors LLC Acquires 21,395 Shares of KeyCorp (NYSE:KEY)

Nisa Investment Advisors LLC grew its position in shares of KeyCorp (NYSE:KEY) by 8.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 273,010 shares of the financial services provider’s stock after acquiring an additional 21,395 shares during the period. Nisa Investment Advisors LLC’s holdings in KeyCorp were worth $3,931,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fifth Third Bancorp raised its stake in shares of KeyCorp by 1.0% during the fourth quarter. Fifth Third Bancorp now owns 237,934 shares of the financial services provider’s stock valued at $3,426,000 after acquiring an additional 2,344 shares during the last quarter. Barclays PLC raised its stake in shares of KeyCorp by 78.1% during the second quarter. Barclays PLC now owns 2,380,504 shares of the financial services provider’s stock valued at $21,995,000 after acquiring an additional 1,044,148 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of KeyCorp by 16.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 23,126,760 shares of the financial services provider’s stock valued at $248,844,000 after acquiring an additional 3,216,584 shares during the last quarter. Raymond James & Associates raised its stake in shares of KeyCorp by 44.1% during the fourth quarter. Raymond James & Associates now owns 1,610,148 shares of the financial services provider’s stock valued at $23,186,000 after acquiring an additional 492,584 shares during the last quarter. Finally, Rheos Capital Works Inc. bought a new position in shares of KeyCorp during the third quarter valued at about $5,380,000. 79.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Evercore ISI upped their price objective on shares of KeyCorp from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Keefe, Bruyette & Woods boosted their price target on shares of KeyCorp from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, April 5th. Stephens upgraded shares of KeyCorp from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, December 20th. Wells Fargo & Company boosted their price target on shares of KeyCorp from $16.00 to $18.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Finally, Morgan Stanley boosted their price target on shares of KeyCorp from $12.00 to $16.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.53.

Insider Activity

In other news, Director Trina M. Evans sold 12,335 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $14.23, for a total transaction of $175,527.05. Following the sale, the director now owns 81,622 shares in the company, valued at $1,161,481.06. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Director Trina M. Evans sold 12,335 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $14.23, for a total transaction of $175,527.05. Following the transaction, the director now owns 81,622 shares in the company, valued at $1,161,481.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Kenneth C. Gavrity sold 2,376 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $14.03, for a total transaction of $33,335.28. Following the transaction, the insider now owns 98,120 shares in the company, valued at approximately $1,376,623.60. The disclosure for this sale can be found here. Insiders have sold a total of 21,442 shares of company stock worth $303,914 over the last 90 days. 0.61% of the stock is currently owned by insiders.

KeyCorp Trading Down 0.8 %

NYSE:KEY opened at $14.72 on Friday. The company’s 50 day moving average price is $14.64 and its 200-day moving average price is $13.22. KeyCorp has a 52 week low of $8.53 and a 52 week high of $15.86. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.61. The stock has a market cap of $13.65 billion, a price-to-earnings ratio of 16.53 and a beta of 1.29.

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

About KeyCorp

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.