Aperio Group LLC grew its position in KeyCorp (NYSE:KEY) by 3.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 735,183 shares of the financial services provider’s stock after acquiring an additional 26,847 shares during the period. Aperio Group LLC owned about 0.07% of KeyCorp worth $13,836,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. New England Research & Management Inc. grew its position in shares of KeyCorp by 53.9% in the 3rd quarter. New England Research & Management Inc. now owns 45,095 shares of the financial services provider’s stock valued at $849,000 after acquiring an additional 15,800 shares during the period. Huntington National Bank grew its position in shares of KeyCorp by 5.0% in the 3rd quarter. Huntington National Bank now owns 126,273 shares of the financial services provider’s stock valued at $2,377,000 after acquiring an additional 5,977 shares during the period. Raymond James Trust N.A. grew its position in shares of KeyCorp by 51.8% in the 3rd quarter. Raymond James Trust N.A. now owns 19,867 shares of the financial services provider’s stock valued at $373,000 after acquiring an additional 6,777 shares during the period. Xact Kapitalforvaltning AB grew its position in shares of KeyCorp by 2.8% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 229,751 shares of the financial services provider’s stock valued at $4,324,000 after acquiring an additional 6,324 shares during the period. Finally, Nippon Life Insurance Co. bought a new position in shares of KeyCorp in the 3rd quarter valued at about $819,000. 81.22% of the stock is owned by institutional investors.
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Shares of KeyCorp (NYSE KEY) opened at 18.25 on Wednesday. The firm’s 50-day moving average is $18.36 and its 200-day moving average is $18.20. The company has a market capitalization of $19.85 billion, a price-to-earnings ratio of 18.12 and a beta of 1.13. KeyCorp has a 12-month low of $13.83 and a 12-month high of $19.53.
KeyCorp (NYSE:KEY) last released its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.56 billion. KeyCorp had a net margin of 18.69% and a return on equity of 10.35%. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 earnings per share. On average, equities analysts predict that KeyCorp will post $1.31 EPS for the current year.
A number of research analysts have recently commented on KEY shares. Morgan Stanley reissued an “overweight” rating and issued a $22.00 price objective (up previously from $21.00) on shares of KeyCorp in a research report on Friday, July 7th. UBS AG raised shares of KeyCorp from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $19.00 to $22.00 in a research report on Monday, July 10th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of KeyCorp in a research report on Saturday, July 22nd. Sanford C. Bernstein raised shares of KeyCorp from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $21.00 to $22.00 in a report on Thursday, September 14th. Finally, Zacks Investment Research downgraded shares of KeyCorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. KeyCorp has an average rating of “Hold” and an average price target of $20.53.
In related news, Director Ruth Ann M. Gillis purchased 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were acquired at an average price of $17.91 per share, for a total transaction of $35,820.00. Following the completion of the acquisition, the director now directly owns 10,551 shares in the company, valued at approximately $188,968.41. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ruth Ann M. Gillis purchased 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was bought at an average price of $18.00 per share, for a total transaction of $54,000.00. Following the acquisition, the director now owns 10,551 shares of the company’s stock, valued at $189,918. The disclosure for this purchase can be found here. In the last quarter, insiders sold 277,636 shares of company stock worth $5,149,949. 0.65% of the stock is currently owned by company insiders.
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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