Robeco Institutional Asset Management B.V. reduced its stake in shares of KeyCorp (NYSE:KEY) by 10.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 248,673 shares of the financial services provider’s stock after selling 28,994 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in KeyCorp were worth $4,679,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in KEY. Cypress Capital Management LLC WY grew its holdings in shares of KeyCorp by 177.9% in the second quarter. Cypress Capital Management LLC WY now owns 7,030 shares of the financial services provider’s stock valued at $132,000 after purchasing an additional 4,500 shares in the last quarter. Sun Life Financial INC boosted its stake in KeyCorp by 80,370.0% during the second quarter. Sun Life Financial INC now owns 8,047 shares of the financial services provider’s stock worth $151,000 after buying an additional 8,037 shares during the period. Quantbot Technologies LP purchased a new position in KeyCorp during the second quarter worth $174,000. First Financial Bank Trust Division purchased a new position in KeyCorp during the second quarter worth $192,000. Finally, Equity Investment Corp Acquisition Inc boosted its stake in KeyCorp by 3.9% during the second quarter. Equity Investment Corp Acquisition Inc now owns 10,465 shares of the financial services provider’s stock worth $196,000 after buying an additional 390 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.
Shares of KeyCorp (KEY) traded up $0.28 during trading hours on Tuesday, reaching $17.92. The company’s stock had a trading volume of 8,339,900 shares, compared to its average volume of 10,931,594. KeyCorp has a one year low of $16.28 and a one year high of $19.53. The firm has a market capitalization of $18,970.05, a P/E ratio of 13.36, a PEG ratio of 1.60 and a beta of 1.10. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.90 and a quick ratio of 0.89.
KeyCorp (NYSE:KEY) last announced its earnings results on Thursday, October 19th. The financial services provider reported $0.35 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. KeyCorp had a return on equity of 10.35% and a net margin of 18.69%. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the prior year, the company posted $0.30 EPS. The business’s quarterly revenue was up 13.7% on a year-over-year basis. equities research analysts anticipate that KeyCorp will post 1.38 EPS for the current year.
KEY has been the subject of several research analyst reports. Piper Jaffray Companies reiterated a “buy” rating and set a $20.50 target price on shares of KeyCorp in a research report on Friday, July 21st. DA Davidson upgraded KeyCorp from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $20.00 to $21.00 in a research report on Thursday, July 20th. Royal Bank Of Canada reiterated a “buy” rating and set a $21.00 target price on shares of KeyCorp in a research report on Friday, July 28th. BMO Capital Markets reiterated a “buy” rating and set a $22.00 target price on shares of KeyCorp in a research report on Thursday, July 27th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $21.00 target price on shares of KeyCorp in a research report on Thursday, October 19th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $20.82.
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In other KeyCorp news, insider Andrew J. Paine III sold 46,854 shares of the company’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $18.56, for a total value of $869,610.24. Following the completion of the sale, the insider now directly owns 110,052 shares in the company, valued at approximately $2,042,565.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Carlton L. Highsmith sold 7,600 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $18.39, for a total value of $139,764.00. Following the completion of the sale, the director now owns 68,725 shares of the company’s stock, valued at $1,263,852.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 57,212 shares of company stock valued at $1,060,508. 0.65% of the stock is owned by corporate insiders.
KeyCorp Company Profile
KeyCorp is a bank holding company. The Company is a bank-based financial services company. The Company operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, it provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, and investment banking products and services to individual, corporate and institutional clients.
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