BNP Paribas Financial Markets Acquires 385,066 Shares of KeyCorp (NYSE:KEY)

BNP Paribas Financial Markets boosted its position in shares of KeyCorp (NYSE:KEY - Free Report) by 26.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,823,014 shares of the financial services provider's stock after buying an additional 385,066 shares during the quarter. BNP Paribas Financial Markets owned 0.18% of KeyCorp worth $31,246,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Whittier Trust Co. boosted its holdings in KeyCorp by 110.3% during the fourth quarter. Whittier Trust Co. now owns 1,525 shares of the financial services provider's stock worth $26,000 after buying an additional 800 shares in the last quarter. Ethos Financial Group LLC acquired a new position in shares of KeyCorp in the 4th quarter valued at $27,000. SBI Securities Co. Ltd. acquired a new position in shares of KeyCorp in the 4th quarter valued at $34,000. TCTC Holdings LLC boosted its position in shares of KeyCorp by 38.6% in the 4th quarter. TCTC Holdings LLC now owns 2,195 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 611 shares during the period. Finally, Optiver Holding B.V. acquired a new position in shares of KeyCorp in the 4th quarter valued at $42,000. Institutional investors own 79.69% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on KEY. Barclays reduced their price target on shares of KeyCorp from $21.00 to $20.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. DA Davidson reduced their target price on KeyCorp from $22.00 to $21.00 and set a "buy" rating for the company in a report on Wednesday, January 22nd. Stephens reiterated an "overweight" rating and set a $20.00 price target on shares of KeyCorp in a report on Wednesday, January 22nd. Baird R W raised KeyCorp from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 7th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating on shares of KeyCorp in a research note on Thursday, April 17th. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong 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 $18.97.

KeyCorp Stock Performance

KEY traded up $0.97 during midday trading on Monday, reaching $16.46. The company's stock had a trading volume of 15,648,875 shares, compared to its average volume of 12,881,069. The stock has a market cap of $18.04 billion, a P/E ratio of -54.88, a PEG ratio of 0.65 and a beta of 1.08. The company has a fifty day simple moving average of $15.06 and a 200 day simple moving average of $16.92. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.77. KeyCorp has a twelve month low of $12.73 and a twelve month high of $20.04.

KeyCorp (NYSE:KEY - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. KeyCorp had a positive return on equity of 8.73% and a negative net margin of 2.52%. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the firm earned $0.20 EPS. Research analysts expect that KeyCorp will post 1.5 earnings per share for the current year.

KeyCorp declared that its Board of Directors has initiated a stock buyback plan on Thursday, March 13th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to buy up to 6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Insider Activity at KeyCorp

In related news, insider Mohit Ramani acquired 10,000 shares of the business's stock in a transaction on Monday, April 21st. The stock was bought at an average cost of $13.75 per share, with a total value of $137,500.00. Following the completion of the acquisition, the insider now owns 10,000 shares in the company, valued at $137,500. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.52% of the stock is currently owned by insiders.

KeyCorp Profile

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.