Capital Performance Advisors LLP Takes $38,000 Position in KeyCorp (NYSE:KEY)

Capital Performance Advisors LLP bought a new position in KeyCorp (NYSE:KEY) in the third quarter, according to its most recent filing with the SEC. The firm bought 2,289 shares of the financial services provider’s stock, valued at approximately $38,000.

Other large investors also recently bought and sold shares of the company. Graypoint LLC raised its holdings in shares of KeyCorp by 4.7% in the third quarter. Graypoint LLC now owns 14,954 shares of the financial services provider’s stock worth $250,000 after buying an additional 675 shares during the last quarter. Blake Schutter Theil Wealth Advisors LLC purchased a new position in KeyCorp in the 3rd quarter worth $373,000. American Capital Advisory LLC acquired a new stake in KeyCorp during the 3rd quarter worth about $28,000. Centennial Wealth Advisory LLC grew its stake in KeyCorp by 3.7% during the 3rd quarter. Centennial Wealth Advisory LLC now owns 37,996 shares of the financial services provider’s stock valued at $636,000 after purchasing an additional 1,359 shares during the last quarter. Finally, Greenwood Capital Associates LLC acquired a new position in shares of KeyCorp in the third quarter valued at about $1,200,000. Hedge funds and other institutional investors own 79.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on KEY shares. Morgan Stanley lifted their target price on KeyCorp from $18.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 14th. Royal Bank of Canada upped their price objective on shares of KeyCorp from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Citigroup cut shares of KeyCorp from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a report on Thursday. Jefferies Financial Group upped their price target on shares of KeyCorp from $18.00 to $19.00 and gave the company a “buy” rating in a report on Monday, August 19th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $18.00 price objective on shares of KeyCorp in a research note on Tuesday, September 10th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $17.79.

KeyCorp Trading Down 1.0 %

Shares of NYSE:KEY opened at $18.97 on Monday. The business’s 50 day moving average price is $16.96 and its 200-day moving average price is $15.65. KeyCorp has a 1 year low of $10.73 and a 1 year high of $20.00. The firm has a market capitalization of $18.80 billion, a price-to-earnings ratio of 1,897.00, a price-to-earnings-growth ratio of 1.05 and a beta of 1.24. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.88 and a quick ratio of 0.88.

KeyCorp (NYSE:KEY) last announced its earnings results on Thursday, October 17th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.03. KeyCorp had a net margin of 0.76% and a return on equity of 8.24%. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. On average, equities research analysts forecast that KeyCorp will post 1.08 earnings per share for the current fiscal year.

Insider Buying and Selling at KeyCorp

In other news, Director Carlton L. Highsmith sold 10,000 shares of KeyCorp stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $16.21, for a total value of $162,100.00. Following the sale, the director now directly owns 46,864 shares of the company’s stock, valued at $759,665.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other KeyCorp news, insider Angela G. Mago sold 15,011 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $19.59, for a total value of $294,065.49. Following the completion of the sale, the insider now owns 234,582 shares in the company, valued at approximately $4,595,461.38. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carlton L. Highsmith sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $16.21, for a total value of $162,100.00. Following the transaction, the director now owns 46,864 shares in the company, valued at approximately $759,665.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,011 shares of company stock valued at $610,425 over the last quarter. 0.61% of the stock is currently 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.