KeyCorp (NYSE:KEY) Shares Bought by Intact Investment Management Inc.

Intact Investment Management Inc. raised its stake in shares of KeyCorp (NYSE:KEY) by 17.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 278,200 shares of the financial services provider’s stock after purchasing an additional 42,000 shares during the period. Intact Investment Management Inc.’s holdings in KeyCorp were worth $4,006,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KEY. IFP Advisors Inc grew its holdings in shares of KeyCorp by 34.6% in the third quarter. IFP Advisors Inc now owns 9,629 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 2,476 shares in the last quarter. Czech National Bank lifted its position in shares of KeyCorp by 47.7% during the 3rd quarter. Czech National Bank now owns 163,579 shares of the financial services provider’s stock worth $1,760,000 after buying an additional 52,863 shares during the last quarter. Asset Management One Co. Ltd. raised its position in KeyCorp by 8.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 310,668 shares of the financial services provider’s stock valued at $3,343,000 after purchasing an additional 23,218 shares during the last quarter. Handelsbanken Fonder AB raised its position in KeyCorp by 4.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 514,768 shares of the financial services provider’s stock valued at $5,539,000 after purchasing an additional 22,417 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in KeyCorp by 21.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 608,103 shares of the financial services provider’s stock valued at $6,543,000 after buying an additional 108,549 shares during the period. 79.69% of the stock is owned by hedge funds and other institutional investors.

KeyCorp Stock Up 0.6 %

Shares of KEY stock traded up $0.09 on Friday, reaching $14.70. 11,793,143 shares of the company were exchanged, compared to its average volume of 14,096,899. The company has a market cap of $13.63 billion, a price-to-earnings ratio of 18.61 and a beta of 1.29. The company has a 50-day moving average of $14.76 and a 200-day moving average of $13.56. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.87 and a quick ratio of 0.87. KeyCorp has a one year low of $8.53 and a one year high of $15.86.

KeyCorp (NYSE:KEY) last announced its earnings results on Thursday, April 18th. The financial services provider reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). KeyCorp had a return on equity of 8.89% and a net margin of 7.53%. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the previous year, the firm earned $0.44 EPS. KeyCorp’s quarterly revenue was down 10.6% on a year-over-year basis. Analysts anticipate that KeyCorp will post 1.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KEY. Jefferies Financial Group increased their target price on shares of KeyCorp from $17.00 to $18.00 and gave the company a “buy” rating in a report on Monday, April 8th. Raymond James assumed coverage on shares of KeyCorp in a research note on Monday, January 8th. They set a “market perform” rating on the stock. Royal Bank of Canada lifted their price target on shares of KeyCorp from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Friday, April 19th. Barclays dropped their target price on shares of KeyCorp from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, January 19th. Finally, Morgan Stanley increased their price objective on shares of KeyCorp from $12.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.71.

Insider Activity at KeyCorp

In other KeyCorp news, insider Angela G. Mago sold 3,405 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $14.24, for a total transaction of $48,487.20. Following the completion of the sale, the insider now directly owns 214,630 shares in the company, valued at $3,056,331.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other KeyCorp news, Director Trina M. Evans sold 12,335 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $14.23, for a total transaction of $175,527.05. Following the completion of the sale, the director now directly owns 81,622 shares in the company, valued at approximately $1,161,481.06. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Angela G. Mago sold 3,405 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $14.24, for a total transaction of $48,487.20. Following the sale, the insider now owns 214,630 shares of the company’s stock, valued at $3,056,331.20. The disclosure for this sale can be found here. Insiders have sold a total of 21,442 shares of company stock valued at $303,914 over the last 90 days. 0.61% of the stock is owned by insiders.

About KeyCorp

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.