Daiwa Securities Group Inc. lifted its holdings in KeyCorp (NYSE:KEY – Get Rating) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,421 shares of the financial services provider’s stock after acquiring an additional 3,441 shares during the period. Daiwa Securities Group Inc.’s holdings in KeyCorp were worth $1,140,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in KEY. Guardian Wealth Advisors LLC bought a new position in shares of KeyCorp in the 3rd quarter valued at about $25,000. RE Dickinson Investment Advisors LLC bought a new stake in KeyCorp in the fourth quarter worth about $32,000. U.S. Capital Wealth Advisors LLC bought a new stake in KeyCorp in the fourth quarter worth about $35,000. Glassman Wealth Services lifted its stake in KeyCorp by 35.4% in the fourth quarter. Glassman Wealth Services now owns 2,103 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 550 shares during the last quarter. Finally, Riverview Trust Co bought a new stake in KeyCorp in the fourth quarter worth about $38,000. Institutional investors own 82.11% of the company’s stock.
Insiders Place Their Bets
In other news, insider Victor B. Alexander purchased 8,500 shares of the business’s stock in a transaction on Friday, April 21st. The shares were acquired at an average cost of $11.83 per share, with a total value of $100,555.00. Following the completion of the acquisition, the insider now owns 117,196 shares of the company’s stock, valued at $1,386,428.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Amy G. Brady sold 45,000 shares of KeyCorp stock in a transaction on Friday, March 10th. The shares were sold at an average price of $15.58, for a total transaction of $701,100.00. Following the completion of the sale, the insider now directly owns 119,121 shares in the company, valued at $1,855,905.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Victor B. Alexander acquired 8,500 shares of the stock in a transaction dated Friday, April 21st. The shares were bought at an average price of $11.83 per share, with a total value of $100,555.00. Following the completion of the purchase, the insider now directly owns 117,196 shares of the company’s stock, valued at approximately $1,386,428.68. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 12,700 shares of company stock valued at $149,907. 0.61% of the stock is currently owned by insiders.
KeyCorp Stock Performance
KeyCorp (NYSE:KEY – Get Rating) last released its quarterly earnings results on Thursday, April 20th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. KeyCorp had a net margin of 19.09% and a return on equity of 15.63%. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the company earned $0.45 earnings per share. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, sell-side analysts anticipate that KeyCorp will post 1.75 EPS for the current fiscal year.
Analysts Set New Price Targets
Several analysts have issued reports on the stock. DA Davidson decreased their price objective on shares of KeyCorp from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, April 21st. The Goldman Sachs Group decreased their price objective on shares of KeyCorp from $20.50 to $16.00 and set a “buy” rating for the company in a research note on Thursday, March 30th. Piper Sandler raised shares of KeyCorp from an “underweight” rating to a “neutral” rating and decreased their price objective for the stock from $18.50 to $16.50 in a research note on Friday, March 10th. Odeon Capital Group lowered shares of KeyCorp from a “buy” rating to a “hold” rating in a research report on Monday, March 13th. Finally, JPMorgan Chase & Co. reduced their target price on shares of KeyCorp from $16.00 to $12.00 in a research report on Thursday, April 6th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $16.55.
KeyCorp Company Profile
KeyCorp is a bank holding company, which engages in the provision of financial services. It provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, student loan refinancing, commercial mortgage servicing and special servicing, and investment banking products and services to individual, corporate, and institutional clients.
Read More
- Get a free copy of the StockNews.com research report on KeyCorp (KEY)
- Starbucks Stock Becomes a Value Play
- Kraft Heinz Recovery Gains Momentum
- Here’s Why AMD’s Weak Guidance Is A Blessing In Disguise
- BP Shares Sold Off After Earnings: Here Is What Upset Markets
- Will Forced Divesture Of Grail Boost Illumina Shareholder Value?
Receive News & Ratings for KeyCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KeyCorp and related companies with MarketBeat.com's FREE daily email newsletter.
