Huntington National Bank lifted its position in KeyCorp (NYSE:KEY) by 5.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 126,273 shares of the financial services provider’s stock after acquiring an additional 5,977 shares during the period. Huntington National Bank’s holdings in KeyCorp were worth $2,377,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of KeyCorp by 3.9% in the second quarter. Vanguard Group Inc. now owns 111,418,810 shares of the financial services provider’s stock worth $2,087,987,000 after acquiring an additional 4,230,390 shares in the last quarter. BlackRock Inc. increased its position in shares of KeyCorp by 2.7% in the second quarter. BlackRock Inc. now owns 86,694,342 shares of the financial services provider’s stock worth $1,624,654,000 after acquiring an additional 2,280,450 shares in the last quarter. Northern Trust Corp increased its position in shares of KeyCorp by 1.9% in the second quarter. Northern Trust Corp now owns 12,429,250 shares of the financial services provider’s stock worth $232,925,000 after acquiring an additional 231,558 shares in the last quarter. Bessemer Group Inc. increased its position in shares of KeyCorp by 0.7% in the second quarter. Bessemer Group Inc. now owns 12,000,915 shares of the financial services provider’s stock worth $224,897,000 after acquiring an additional 87,019 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of KeyCorp by 6,189.4% in the second quarter. Janus Henderson Group PLC now owns 9,107,724 shares of the financial services provider’s stock worth $170,679,000 after acquiring an additional 8,962,913 shares in the last quarter. 80.64% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of KeyCorp from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Tuesday, July 11th. Keefe, Bruyette & Woods raised shares of KeyCorp from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research report on Monday, July 10th. Instinet reissued a “buy” rating and issued a $23.00 target price on shares of KeyCorp in a research report on Wednesday, July 12th. UBS AG raised shares of KeyCorp from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $19.00 to $22.00 in a research report on Monday, July 10th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $21.00 price objective on shares of KeyCorp in a research report on Friday, July 14th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $20.53.
In other KeyCorp news, insider Amy G. Brady sold 18,000 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $18.42, for a total transaction of $331,560.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ruth Ann M. Gillis purchased 3,000 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were acquired at an average cost of $18.00 per share, with a total value of $54,000.00. Following the acquisition, the director now directly owns 10,551 shares in the company, valued at $189,918. The disclosure for this purchase can be found here. Insiders have sold a total of 277,636 shares of company stock valued at $5,149,949 in the last ninety days. Insiders own 0.65% of the company’s stock.
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KeyCorp (NYSE:KEY) opened at 18.37 on Friday. The company has a market cap of $19.98 billion, a price-to-earnings ratio of 18.24 and a beta of 1.13. KeyCorp has a 12 month low of $13.83 and a 12 month high of $19.53. The company’s 50-day moving average is $18.29 and its 200-day moving average is $18.18.
KeyCorp (NYSE:KEY) last announced its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. KeyCorp had a return on equity of 10.35% and a net margin of 18.69%. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter last year, the firm posted $0.30 EPS. The company’s quarterly revenue was up 13.7% on a year-over-year basis. On average, equities research analysts anticipate that KeyCorp will post $1.31 earnings per share for the current year.
KeyCorp Company Profile
KeyCorp is a bank holding company. The Company is a bank-based financial services company. The Company operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, it provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, and investment banking products and services to individual, corporate and institutional clients.
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