KeyCorp (NYSE:KEY) Stock Position Lifted by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its position in shares of KeyCorp (NYSE:KEY) by 6.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 84,852 shares of the financial services provider’s stock after buying an additional 4,896 shares during the period. Daiwa Securities Group Inc.’s holdings in KeyCorp were worth $1,222,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. CWM LLC raised its position in shares of KeyCorp by 35.5% during the 3rd quarter. CWM LLC now owns 50,138 shares of the financial services provider’s stock worth $539,000 after purchasing an additional 13,144 shares during the period. IFP Advisors Inc raised its position in shares of KeyCorp by 34.6% during the 3rd quarter. IFP Advisors Inc now owns 9,629 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 2,476 shares during the period. DnB Asset Management AS raised its position in shares of KeyCorp by 14.7% during the 3rd quarter. DnB Asset Management AS now owns 237,989 shares of the financial services provider’s stock worth $2,561,000 after purchasing an additional 30,547 shares during the period. HB Wealth Management LLC raised its position in shares of KeyCorp by 16.8% during the 3rd quarter. HB Wealth Management LLC now owns 18,481 shares of the financial services provider’s stock worth $199,000 after purchasing an additional 2,656 shares during the period. Finally, SG Americas Securities LLC raised its position in shares of KeyCorp by 94.1% during the 3rd quarter. SG Americas Securities LLC now owns 281,350 shares of the financial services provider’s stock worth $3,027,000 after purchasing an additional 136,434 shares during the period. Institutional investors own 79.69% of the company’s stock.

Analyst Ratings Changes

KEY has been the topic of a number of research reports. Argus increased their price target on KeyCorp from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Jefferies Financial Group increased their price target on KeyCorp from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Wedbush dropped their price target on KeyCorp from $16.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, January 19th. Morgan Stanley raised their target price on KeyCorp from $12.00 to $16.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Finally, Piper Sandler raised their target price on KeyCorp from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. One investment 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. According to MarketBeat, KeyCorp currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.71.

KeyCorp Stock Up 0.6 %

Shares of KEY stock opened at $14.73 on Wednesday. KeyCorp has a 1 year low of $8.53 and a 1 year high of $15.86. The stock has a market cap of $13.66 billion, a PE ratio of 18.64 and a beta of 1.29. The business’s fifty day moving average is $14.72 and its 200-day moving average is $13.49. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.87 and a current ratio of 0.87.

KeyCorp (NYSE:KEY) last issued its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). KeyCorp had a net margin of 7.53% and a return on equity of 8.89%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the business posted $0.44 earnings per share. The firm’s revenue for the quarter was down 10.6% compared to the same quarter last year. Equities analysts expect that KeyCorp will post 1.15 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Trina M. Evans sold 12,335 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $14.23, for a total transaction of $175,527.05. Following the completion of the sale, the director now directly owns 81,622 shares of the company’s stock, valued at approximately $1,161,481.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Trina M. Evans sold 12,335 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $14.23, for a total transaction of $175,527.05. Following the completion of the sale, the director now directly owns 81,622 shares of the company’s stock, valued at approximately $1,161,481.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Angela G. Mago sold 3,405 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $14.24, for a total value of $48,487.20. Following the sale, the insider now directly 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 have sold 21,442 shares of company stock worth $303,914. 0.67% of the stock is owned by company insiders.

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.