BBVA USA Bancshares Inc. Raises Position in KeyCorp (NYSE:KEY)

BBVA USA Bancshares Inc. increased its holdings in KeyCorp (NYSE:KEY) by 4.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,344 shares of the financial services provider’s stock after purchasing an additional 2,089 shares during the quarter. BBVA USA Bancshares Inc.’s holdings in KeyCorp were worth $934,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of KEY. Charles Schwab Investment Management Inc. grew its holdings in KeyCorp by 3.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 7,685,052 shares of the financial services provider’s stock worth $136,410,000 after acquiring an additional 241,553 shares during the last quarter. IFG Advisory LLC bought a new stake in KeyCorp in the 2nd quarter worth $235,000. Mitsubishi UFJ Trust & Banking Corp grew its holdings in KeyCorp by 1.6% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 823,679 shares of the financial services provider’s stock worth $14,283,000 after acquiring an additional 13,274 shares during the last quarter. Corient Capital Partners LLC grew its holdings in KeyCorp by 11.0% in the 2nd quarter. Corient Capital Partners LLC now owns 12,506 shares of the financial services provider’s stock worth $222,000 after acquiring an additional 1,242 shares during the last quarter. Finally, Commonwealth Bank of Australia grew its holdings in KeyCorp by 3.5% in the 2nd quarter. Commonwealth Bank of Australia now owns 157,739 shares of the financial services provider’s stock worth $2,793,000 after acquiring an additional 5,380 shares during the last quarter. Institutional investors own 81.58% of the company’s stock.

In related news, insider Amy G. Brady sold 10,806 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $18.02, for a total transaction of $194,724.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Beth E. Mooney sold 437,737 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $18.28, for a total transaction of $8,001,832.36. Following the sale, the chief executive officer now directly owns 1,662,612 shares in the company, valued at approximately $30,392,547.36. The disclosure for this sale can be found here. Insiders have sold a total of 673,027 shares of company stock worth $12,352,973 in the last ninety days. Insiders own 0.08% of the company’s stock.

Shares of KEY opened at $18.87 on Friday. The firm’s 50-day moving average price is $18.04 and its 200-day moving average price is $17.37. The firm has a market capitalization of $18.91 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 2.62 and a beta of 1.29. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.95. KeyCorp has a 1-year low of $13.65 and a 1-year high of $19.48.

KeyCorp (NYSE:KEY) last announced its earnings results on Thursday, October 17th. The financial services provider reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. KeyCorp had a net margin of 21.93% and a return on equity of 12.71%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 EPS. On average, research analysts forecast that KeyCorp will post 1.8 EPS for the current fiscal year.

A number of equities research analysts have issued reports on KEY shares. Piper Jaffray Companies set a $19.00 price target on shares of KeyCorp and gave the stock a “buy” rating in a report on Wednesday, September 4th. Robert W. Baird lowered shares of KeyCorp from an “outperform” rating to a “neutral” rating and set a $19.00 price target on the stock. in a report on Wednesday, November 6th. ValuEngine lowered shares of KeyCorp from a “hold” rating to a “sell” rating in a report on Wednesday, October 16th. TD Securities cut their price target on shares of KeyCorp from $42.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, Credit Suisse Group raised shares of KeyCorp from an “average” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $24.93.

KeyCorp Profile

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company's Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans.

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Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

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