KeyCorp (NYSE:KEY) Holdings Lifted by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. lifted its holdings in shares of KeyCorp (NYSE:KEY - Free Report) by 242.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 127,961 shares of the financial services provider's stock after acquiring an additional 90,559 shares during the quarter. Coldstream Capital Management Inc.'s holdings in KeyCorp were worth $2,193,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Whittier Trust Co. boosted its stake in KeyCorp by 110.3% in the 4th quarter. Whittier Trust Co. now owns 1,525 shares of the financial services provider's stock worth $26,000 after purchasing an additional 800 shares during the period. Ethos Financial Group LLC purchased a new position in KeyCorp during the fourth quarter valued at approximately $27,000. SBI Securities Co. Ltd. bought a new stake in KeyCorp during the 4th quarter worth approximately $34,000. TCTC Holdings LLC boosted its holdings in 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, Whipplewood Advisors LLC bought a new position in KeyCorp in the 4th quarter valued at $45,000. 79.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KEY. Truist Financial reduced their price objective on KeyCorp from $18.00 to $16.00 and set a "hold" rating on the stock in a research report on Tuesday, April 22nd. StockNews.com upgraded shares of KeyCorp from a "sell" rating to a "hold" rating in a research report on Monday, April 21st. Morgan Stanley restated an "equal weight" rating on shares of KeyCorp in a report on Thursday, April 17th. JPMorgan Chase & Co. lowered their price objective on shares of KeyCorp from $18.50 to $16.50 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Finally, Wells Fargo & Company reaffirmed an "overweight" rating on shares of KeyCorp in a research report on Thursday, April 17th. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $18.97.

Insider Transactions at KeyCorp

In other news, Director Of Nova Scotia Bank bought 50,000 shares of KeyCorp stock in a transaction dated Wednesday, February 5th. The shares were acquired at an average cost of $17.85 per share, with a total value of $892,500.00. Following the completion of the transaction, the director now owns 162,983,726 shares in the company, valued at approximately $2,909,259,509.10. This trade represents a 0.03 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mohit Ramani purchased 10,000 shares of the business's stock in a transaction that occurred on Monday, April 21st. The stock was acquired at an average price of $13.75 per share, for a total transaction of $137,500.00. Following the purchase, the insider now owns 10,000 shares of the company's stock, valued at approximately $137,500. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders acquired 60,180 shares of company stock valued at $1,032,525 over the last 90 days. Corporate insiders own 0.52% of the company's stock.

KeyCorp Price Performance

Shares of NYSE KEY traded up $0.50 during midday trading on Friday, hitting $15.49. The company had a trading volume of 12,415,238 shares, compared to its average volume of 12,831,159. The firm has a market capitalization of $16.97 billion, a price-to-earnings ratio of -51.63, a price-to-earnings-growth ratio of 0.65 and a beta of 1.06. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.77. The business has a 50-day simple moving average of $15.23 and a two-hundred day simple moving average of $17.00. KeyCorp has a twelve month low of $12.73 and a twelve month high of $20.04.

KeyCorp (NYSE:KEY - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.77 billion. During the same period in the previous year, the firm posted $0.20 earnings per share. Equities research analysts anticipate that KeyCorp will post 1.5 earnings per share for the current year.

KeyCorp announced that its Board of Directors has authorized a share repurchase plan on Thursday, March 13th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to buy up to 6% of its shares through open market purchases. Shares buyback plans are often an indication that the company's leadership believes its shares are undervalued.

About KeyCorp

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.