KeyCorp (NYSE:KEY) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. lessened its holdings in KeyCorp (NYSE:KEY) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,990 shares of the financial services provider’s stock after selling 1,540 shares during the quarter. Everence Capital Management Inc.’s holdings in KeyCorp were worth $475,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of KEY. Cetera Advisor Networks LLC increased its holdings in KeyCorp by 37.9% in the 1st quarter. Cetera Advisor Networks LLC now owns 12,740 shares of the financial services provider’s stock worth $285,000 after buying an additional 3,504 shares during the period. Sei Investments Co. boosted its position in KeyCorp by 12.9% in the 1st quarter. Sei Investments Co. now owns 1,183,502 shares of the financial services provider’s stock worth $26,543,000 after purchasing an additional 135,193 shares in the last quarter. Aviva PLC boosted its position in KeyCorp by 177.0% in the 1st quarter. Aviva PLC now owns 525,009 shares of the financial services provider’s stock worth $11,750,000 after purchasing an additional 335,457 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of KeyCorp during the 1st quarter valued at approximately $38,000. Finally, Allianz Asset Management GmbH lifted its position in shares of KeyCorp by 10.6% during the 1st quarter. Allianz Asset Management GmbH now owns 212,557 shares of the financial services provider’s stock valued at $4,757,000 after buying an additional 20,384 shares in the last quarter. Institutional investors and hedge funds own 79.69% of the company’s stock.

KeyCorp Stock Up 1.5 %

Shares of NYSE:KEY opened at $14.43 on Thursday. The business has a 50-day moving average price of $14.66 and a 200 day moving average price of $13.35. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $13.38 billion, a price-to-earnings ratio of 16.21 and a beta of 1.29. KeyCorp has a 12-month low of $8.53 and a 12-month high of $15.86.

KeyCorp (NYSE:KEY) last announced its earnings results on Thursday, January 18th. The financial services provider reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. KeyCorp had a return on equity of 10.63% and a net margin of 8.61%. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same period last year, the business posted $0.38 EPS. Sell-side analysts expect that KeyCorp will post 1.17 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KEY. Jefferies Financial Group increased their target price on KeyCorp from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, April 8th. DA Davidson decreased their target price on KeyCorp from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, January 19th. Wedbush decreased their price objective on KeyCorp from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, January 19th. Wells Fargo & Company raised their price objective on KeyCorp from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Finally, Keefe, Bruyette & Woods raised their price objective on KeyCorp from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, April 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $15.53.

Insider Activity at KeyCorp

In related news, CAO Douglas M. Schosser sold 3,326 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $14.00, for a total transaction of $46,564.00. Following the completion of the transaction, the chief accounting officer now directly owns 19,795 shares in the company, valued at approximately $277,130. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Angela G. Mago sold 3,405 shares of KeyCorp stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $14.24, for a total value of $48,487.20. Following the completion of the transaction, the insider now owns 214,630 shares in the company, valued at approximately $3,056,331.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Douglas M. Schosser sold 3,326 shares of KeyCorp stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $14.00, for a total value of $46,564.00. Following the completion of the transaction, the chief accounting officer now owns 19,795 shares of the company’s stock, valued at approximately $277,130. The disclosure for this sale can be found here. Insiders sold 21,442 shares of company stock worth $303,914 in the last three months. 0.61% of the stock is owned by company insiders.

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.