KeyCorp (NYSE:KEY) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC grew its position in shares of KeyCorp (NYSE:KEY) by 1,093.2% during the 4th quarter, Holdings Channel reports. The firm owned 436,075 shares of the financial services provider’s stock after purchasing an additional 399,527 shares during the period. International Assets Investment Management LLC’s holdings in KeyCorp were worth $6,279,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Bruce G. Allen Investments LLC acquired a new position in shares of KeyCorp in the 4th quarter worth $26,000. Sound Income Strategies LLC grew its holdings in shares of KeyCorp by 3,600.0% in 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 last quarter. Cary Street Partners Investment Advisory LLC acquired a new position in shares of KeyCorp in the 3rd quarter worth $28,000. Baldwin Brothers LLC MA acquired a new position in shares of KeyCorp in the 4th quarter worth $35,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of KeyCorp in the 2nd quarter worth $37,000. 79.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Angela G. Mago sold 3,405 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $14.24, for a total transaction of $48,487.20. Following the completion of the transaction, the insider now owns 214,630 shares of the company’s stock, valued at approximately $3,056,331.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Angela G. Mago sold 3,405 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $14.24, for a total transaction of $48,487.20. Following the completion of the transaction, the insider now owns 214,630 shares of the company’s stock, valued at approximately $3,056,331.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kenneth C. Gavrity sold 2,376 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $14.03, for a total value of $33,335.28. Following the transaction, 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. In the last 90 days, insiders sold 21,442 shares of company stock valued at $303,914. Insiders own 0.61% of the company’s stock.

KeyCorp Price Performance

Shares of NYSE:KEY opened at $14.61 on Monday. KeyCorp has a fifty-two week low of $8.53 and a fifty-two week high of $15.86. The business has a 50-day moving average of $14.64 and a two-hundred day moving average of $13.29. The stock has a market capitalization of $13.55 billion, a P/E ratio of 16.42 and a beta of 1.29. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.86 and a quick ratio of 0.86.

KeyCorp (NYSE:KEY) last announced its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. KeyCorp had a return on equity of 10.63% and a net margin of 8.61%. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the previous year, the firm earned $0.38 earnings per share. On average, equities research analysts predict that KeyCorp will post 1.17 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on KEY shares. DA Davidson decreased their target price on KeyCorp from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, January 19th. Piper Sandler lifted their price target on KeyCorp from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Evercore ISI lifted 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. Raymond James assumed coverage on KeyCorp in a report on Monday, January 8th. They set a “market perform” rating on the stock. Finally, The Goldman Sachs Group lifted 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $15.53.

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.