Smith Graham & Co. Investment Advisors LP Sells 17,531 Shares of KeyCorp (NYSE:KEY)

Smith Graham & Co. Investment Advisors LP lessened its holdings in shares of KeyCorp (NYSE:KEYFree Report) by 9.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 171,327 shares of the financial services provider’s stock after selling 17,531 shares during the period. Smith Graham & Co. Investment Advisors LP’s holdings in KeyCorp were worth $2,467,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of KeyCorp by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 111,201,600 shares of the financial services provider’s stock valued at $2,488,691,000 after buying an additional 1,278,193 shares in the last quarter. BlackRock Inc. raised its position in shares of KeyCorp by 10.3% in the 1st quarter. BlackRock Inc. now owns 89,759,881 shares of the financial services provider’s stock worth $1,123,794,000 after purchasing an additional 8,391,787 shares during the last quarter. State Street Corp raised its position in shares of KeyCorp by 2.6% in the 2nd quarter. State Street Corp now owns 47,193,025 shares of the financial services provider’s stock worth $436,064,000 after purchasing an additional 1,194,413 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its position in shares of KeyCorp by 3.2% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 32,342,547 shares of the financial services provider’s stock worth $348,006,000 after purchasing an additional 993,215 shares during the last quarter. Finally, FMR LLC raised its position in shares of KeyCorp by 14.4% in the 3rd quarter. FMR LLC now owns 31,781,539 shares of the financial services provider’s stock worth $341,969,000 after purchasing an additional 3,992,226 shares during the last quarter. Institutional investors own 79.69% of the company’s stock.

Insiders Place Their Bets

In other news, insider Kenneth C. Gavrity sold 2,376 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $14.03, for a total transaction of $33,335.28. Following the transaction, the insider now owns 98,120 shares of the company’s stock, valued at approximately $1,376,623.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Angela G. Mago sold 3,405 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kenneth C. Gavrity sold 2,376 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $14.03, for a total value of $33,335.28. Following the sale, the insider now directly owns 98,120 shares in the company, valued at approximately $1,376,623.60. The disclosure for this sale can be found here. Insiders have sold a total of 21,442 shares of company stock worth $303,914 over the last quarter. Company insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on KEY shares. Evercore ISI lifted their price target on KeyCorp from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Morgan Stanley boosted their target price on KeyCorp from $12.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Barclays decreased their target price on KeyCorp from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, January 19th. The Goldman Sachs Group boosted their target price on KeyCorp from $13.50 to $15.00 and gave the stock a “buy” rating in a research report on Monday, December 18th. Finally, Keefe, Bruyette & Woods boosted their target price on KeyCorp from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. 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 data from MarketBeat, KeyCorp has an average rating of “Moderate Buy” and a consensus target price of $15.53.

Read Our Latest Research Report on KeyCorp

KeyCorp Stock Performance

KEY stock opened at $14.62 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.61. The business’s fifty day simple moving average is $14.64 and its two-hundred day simple moving average is $13.25. KeyCorp has a twelve month low of $8.53 and a twelve month high of $15.86. The firm has a market cap of $13.56 billion, a price-to-earnings ratio of 16.43 and a beta of 1.29.

KeyCorp (NYSE:KEYGet Free Report) last released its earnings results on Thursday, January 18th. The financial services provider reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. KeyCorp had a return on equity of 10.63% and a net margin of 8.61%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter last year, the firm posted $0.38 earnings per share. Analysts predict that KeyCorp will post 1.18 earnings per share for the current year.

KeyCorp Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

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