Mutual of America Capital Management LLC Buys 20,766 Shares of KeyCorp (NYSE:KEY)

Mutual of America Capital Management LLC raised its stake in shares of KeyCorp (NYSE:KEY) by 7.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 296,582 shares of the financial services provider’s stock after acquiring an additional 20,766 shares during the period. Mutual of America Capital Management LLC’s holdings in KeyCorp were worth $4,271,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of KEY. Cetera Advisor Networks LLC lifted its stake in KeyCorp by 37.9% during the 1st quarter. Cetera Advisor Networks LLC now owns 12,740 shares of the financial services provider’s stock valued at $285,000 after acquiring an additional 3,504 shares during the period. Sei Investments Co. lifted its stake in KeyCorp by 12.9% during the 1st quarter. Sei Investments Co. now owns 1,183,502 shares of the financial services provider’s stock valued at $26,543,000 after acquiring an additional 135,193 shares during the period. Aviva PLC lifted its stake in KeyCorp by 177.0% during the 1st quarter. Aviva PLC now owns 525,009 shares of the financial services provider’s stock valued at $11,750,000 after acquiring an additional 335,457 shares during the period. Canada Pension Plan Investment Board bought a new position in KeyCorp during the 1st quarter valued at about $38,000. Finally, Allianz Asset Management GmbH lifted its stake in KeyCorp by 10.6% during the 1st quarter. Allianz Asset Management GmbH now owns 212,557 shares of the financial services provider’s stock valued at $4,757,000 after acquiring an additional 20,384 shares during the period. Institutional investors own 79.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KEY. Piper Sandler increased their price objective on shares of KeyCorp from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Stephens upgraded shares of KeyCorp from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, December 20th. The Goldman Sachs Group increased their price objective on shares of KeyCorp from $13.50 to $15.00 and gave the stock a “buy” rating in a research note on Monday, December 18th. Barclays lowered their price objective on shares of KeyCorp from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Friday, January 19th. Finally, Raymond James began coverage on shares of KeyCorp in a research note on Monday, January 8th. They issued a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, KeyCorp presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.53.

Insider Activity

In other news, insider Angela G. Mago sold 3,405 shares of the stock in a transaction that occurred on 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 directly owns 214,630 shares in the company, valued at approximately $3,056,331.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Kenneth C. Gavrity sold 2,376 shares of the stock in a transaction that occurred 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 directly owns 98,120 shares in the company, valued at approximately $1,376,623.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Angela G. Mago sold 3,405 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $14.24, for a total value of $48,487.20. Following the transaction, the insider now owns 214,630 shares of the company’s stock, valued at $3,056,331.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,442 shares of company stock worth $303,914. 0.67% of the stock is currently owned by insiders.

KeyCorp Trading Down 1.3 %

Shares of KEY opened at $14.43 on Tuesday. 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 has a 1 year low of $8.53 and a 1 year high of $15.86. The company has a 50 day simple moving average of $14.65 and a two-hundred day simple moving average of $13.31. The firm has a market cap of $13.38 billion, a P/E ratio of 16.21 and a beta of 1.29.

KeyCorp (NYSE:KEY) last posted its 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. The firm 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 period in the prior year, the company earned $0.38 EPS. On average, equities analysts expect that KeyCorp will post 1.17 earnings per share for the current fiscal year.

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.