Asset Management One Co. Ltd. Has $6.53 Million Position in KeyCorp $KEY

Asset Management One Co. Ltd. trimmed its position in KeyCorp (NYSE:KEY) by 1.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 374,600 shares of the financial services provider’s stock after selling 4,914 shares during the quarter. Asset Management One Co. Ltd.’s holdings in KeyCorp were worth $6,526,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dakota Wealth Management lifted its position in shares of KeyCorp by 2.2% during the 2nd quarter. Dakota Wealth Management now owns 27,374 shares of the financial services provider’s stock worth $477,000 after buying an additional 586 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV increased its stake in shares of KeyCorp by 2.9% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 22,412 shares of the financial services provider’s stock valued at $389,000 after buying an additional 639 shares during the period. AlphaCore Capital LLC increased its stake in shares of KeyCorp by 5.2% in the first quarter. AlphaCore Capital LLC now owns 13,238 shares of the financial services provider’s stock valued at $212,000 after buying an additional 651 shares during the period. SBI Securities Co. Ltd. grew its stake in KeyCorp by 34.0% during the first quarter. SBI Securities Co. Ltd. now owns 2,644 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 671 shares during the period. Finally, Greenleaf Trust grew its stake in KeyCorp by 5.7% during the second quarter. Greenleaf Trust now owns 12,738 shares of the financial services provider’s stock worth $222,000 after purchasing an additional 691 shares during the period. 79.69% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at KeyCorp

In related news, insider Andrew J. Paine III sold 44,953 shares of the business’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $19.29, for a total transaction of $867,143.37. Following the completion of the transaction, the insider directly owned 245,044 shares in the company, valued at $4,726,898.76. The trade was a 15.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.52% of the stock is owned by company insiders.

KeyCorp Stock Performance

KeyCorp stock opened at $17.59 on Wednesday. The company has a 50 day moving average price of $18.49 and a 200-day moving average price of $17.28. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 0.83. KeyCorp has a fifty-two week low of $12.73 and a fifty-two week high of $20.04. The company has a market capitalization of $19.28 billion, a PE ratio of 21.71, a P/E/G ratio of 0.53 and a beta of 1.15.

KeyCorp (NYSE:KEY) last issued its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.03. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.87 billion. KeyCorp had a net margin of 10.08% and a return on equity of 10.14%. KeyCorp’s revenue was up 172.7% compared to the same quarter last year. During the same period last year, the company posted ($0.47) earnings per share. As a group, equities analysts forecast that KeyCorp will post 1.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Morgan Stanley raised their price objective on KeyCorp from $20.00 to $24.00 and gave the company an “underperform” rating in a research note on Monday, September 29th. Jefferies Financial Group decreased their target price on KeyCorp from $20.00 to $18.00 and set a “hold” rating for the company in a research report on Friday, October 17th. DA Davidson reduced their price target on KeyCorp from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Friday, October 17th. Baird R W cut KeyCorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 2nd. Finally, Keefe, Bruyette & Woods lifted their price target on KeyCorp from $20.50 to $21.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Ten investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $20.75.

KeyCorp Company 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.