Robeco Institutional Asset Management B.V. lowered its position in KeyCorp (NYSE:KEY – Get Rating) by 86.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 137,619 shares of the financial services provider’s stock after selling 861,910 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in KeyCorp were worth $2,397,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Continental Investors Services Inc. purchased a new stake in shares of KeyCorp in the 3rd quarter valued at $221,000. Boothbay Fund Management LLC purchased a new stake in KeyCorp in the third quarter valued at $271,000. Pathstone Family Office LLC grew its position in KeyCorp by 1.3% during the 3rd quarter. Pathstone Family Office LLC now owns 97,440 shares of the financial services provider’s stock worth $1,568,000 after purchasing an additional 1,260 shares during the period. Orion Portfolio Solutions LLC raised its stake in shares of KeyCorp by 49.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 16,585 shares of the financial services provider’s stock valued at $266,000 after buying an additional 5,522 shares during the last quarter. Finally, Greenleaf Trust lifted its holdings in shares of KeyCorp by 4.2% in the 3rd quarter. Greenleaf Trust now owns 26,017 shares of the financial services provider’s stock valued at $417,000 after buying an additional 1,041 shares during the period. Institutional investors and hedge funds own 82.11% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms recently commented on KEY. Wells Fargo & Company dropped their target price on KeyCorp from $20.00 to $17.00 and set an “overweight” rating on the stock in a report on Friday, April 21st. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of KeyCorp from $23.00 to $20.00 in a research note on Friday, January 6th. The Goldman Sachs Group decreased their target price 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. TheStreet lowered shares of KeyCorp from a “b-” rating to a “c+” rating in a research report on Monday. Finally, Robert W. Baird raised shares of KeyCorp from a “neutral” rating to an “outperform” rating and set a $20.00 price objective for the company in a report on Friday, March 10th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, KeyCorp has a consensus rating of “Hold” and a consensus price target of $16.55.
KeyCorp Trading Down 6.3 %
KeyCorp (NYSE:KEY – Get Rating) last issued its quarterly earnings results on Thursday, April 20th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.44. KeyCorp had a return on equity of 15.63% and a net margin of 19.09%. The firm 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 posted $0.45 earnings per share. The business’s revenue was up 1.1% on a year-over-year basis. On average, sell-side analysts anticipate that KeyCorp will post 1.71 EPS for the current fiscal year.
Insider Buying and Selling at KeyCorp
In other KeyCorp news, Director Ruth Ann M. Gillis bought 2,000 shares of KeyCorp stock in a transaction dated Tuesday, March 14th. The stock was acquired at an average cost of $12.95 per share, for a total transaction of $25,900.00. Following the completion of the transaction, the director now directly owns 42,961 shares of the company’s stock, valued at $556,344.95. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other KeyCorp news, Director Ruth Ann M. Gillis purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, March 14th. The shares were purchased at an average cost of $12.95 per share, for a total transaction of $25,900.00. Following the completion of the transaction, the director now owns 42,961 shares of the company’s stock, valued at approximately $556,344.95. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Victor B. Alexander acquired 8,500 shares of the company’s stock in a transaction that occurred 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 purchase, the insider now owns 117,196 shares in the company, valued at approximately $1,386,428.68. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 87,700 shares of company stock worth $883,407. Corporate insiders own 0.61% of the company’s stock.
KeyCorp 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
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