KeyCorp $KEY Shares Sold by Atria Investments Inc

Atria Investments Inc lessened its holdings in shares of KeyCorp (NYSE:KEY) by 34.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,624 shares of the financial services provider’s stock after selling 6,580 shares during the quarter. Atria Investments Inc’s holdings in KeyCorp were worth $220,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of KEY. Activest Wealth Management lifted its stake in shares of KeyCorp by 8,775.0% in the second quarter. Activest Wealth Management now owns 1,420 shares of the financial services provider’s stock worth $25,000 after buying an additional 1,404 shares in the last quarter. Tompkins Financial Corp purchased a new stake in KeyCorp during the 2nd quarter valued at about $26,000. Zions Bancorporation National Association UT acquired a new stake in KeyCorp in the 1st quarter valued at about $28,000. Allworth Financial LP lifted its stake in KeyCorp by 246.9% in the 1st quarter. Allworth Financial LP now owns 2,168 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 1,543 shares in the last quarter. Finally, Concord Wealth Partners boosted its holdings in shares of KeyCorp by 71.5% during the 2nd quarter. Concord Wealth Partners now owns 2,183 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 910 shares during the last quarter. Hedge funds and other institutional investors own 79.69% of the company’s stock.

Insiders Place Their Bets

In other KeyCorp news, insider Andrew J. Paine III sold 44,953 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $19.29, for a total value of $867,143.37. Following the sale, the insider owned 245,044 shares of the company’s stock, valued at $4,726,898.76. The trade was a 15.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KEY. Evercore ISI increased their price target on KeyCorp from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. JPMorgan Chase & Co. raised their target price on KeyCorp from $19.00 to $19.50 and gave the stock a “neutral” rating in a research note on Friday, October 10th. UBS Group lifted their price target on KeyCorp from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Morgan Stanley upped their price objective on shares of KeyCorp from $20.00 to $24.00 and gave the company an “underperform” rating in a report on Monday, September 29th. Finally, Jefferies Financial Group cut their price objective on shares of KeyCorp from $20.00 to $18.00 and set a “hold” rating for the company in a research report on Friday, October 17th. Ten research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, KeyCorp currently has a consensus rating of “Hold” and a consensus price target of $20.75.

KeyCorp Stock Down 1.0%

Shares of KEY opened at $17.62 on Friday. The company’s 50-day moving average price is $18.17 and its 200 day moving average price is $17.55. KeyCorp has a 12-month low of $12.73 and a 12-month high of $20.04. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The firm has a market cap of $19.25 billion, a P/E ratio of 21.75, a price-to-earnings-growth ratio of 0.52 and a beta of 1.18.

KeyCorp (NYSE:KEY) last announced its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. KeyCorp had a net margin of 10.08% and a return on equity of 10.14%. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the business earned ($0.47) earnings per share. The business’s revenue for the quarter was up 172.7% on a year-over-year basis. On average, sell-side analysts forecast that KeyCorp will post 1.5 earnings per share for the current 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.