KeyCorp (NYSE:KEY) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of KeyCorp (NYSE:KEY) by 35.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 329,655 shares of the financial services provider’s stock after purchasing an additional 86,579 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in KeyCorp were worth $4,747,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Fifth Third Bancorp boosted its holdings in KeyCorp by 1.0% in 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. Charles Schwab Investment Management Inc. boosted its holdings in KeyCorp by 16.2% in 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 boosted its holdings in KeyCorp by 44.1% in 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. Rheos Capital Works Inc. acquired a new position in KeyCorp in the third quarter valued at $5,380,000. Finally, American Century Companies Inc. boosted its holdings in KeyCorp by 14.0% in the third quarter. American Century Companies Inc. now owns 640,787 shares of the financial services provider’s stock valued at $6,895,000 after acquiring an additional 78,773 shares during the last quarter. Institutional investors and hedge funds own 79.69% of the company’s stock.

KeyCorp Stock Down 1.3 %

Shares of KeyCorp stock opened at $14.43 on Tuesday. 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 firm has a market cap of $13.38 billion, a P/E ratio of 16.21 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. The business has a 50-day moving average price of $14.65 and a 200 day moving average price of $13.31.

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

Insider Activity at KeyCorp

In related news, 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 completion of the sale, the insider now directly owns 98,120 shares of the company’s stock, valued at $1,376,623.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, 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 completion of the sale, the insider now directly owns 98,120 shares of the company’s stock, valued at $1,376,623.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Douglas M. Schosser sold 3,326 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were 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 directly owns 19,795 shares of the company’s stock, valued at $277,130. The disclosure for this sale can be found here. Insiders sold a total of 21,442 shares of company stock valued at $303,914 over the last three months. 0.67% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on the company. Royal Bank of Canada raised their price objective on KeyCorp from $13.00 to $15.00 and gave the company an “outperform” rating in a research report on Friday, January 19th. Raymond James assumed coverage on KeyCorp in a research report on Monday, January 8th. They issued a “market perform” rating on the stock. Stephens raised KeyCorp from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, December 20th. Keefe, Bruyette & Woods raised their price objective on KeyCorp from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, April 5th. Finally, Wedbush cut their price objective on KeyCorp from $16.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, January 19th. One equities 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.