87,283 KeyCorp $KEY Shares Sold by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners LLC reduced its KeyCorp position by 86.4%, selling 87,283 shares and retaining 13,684 shares valued at approximately $275,000. Institutional investors collectively own 79.69% of KeyCorp.
• KeyCorp shares opened at $19.98, with a 52-week range of $16.79 to $24.07 and a market capitalization of $21.32 billion. The company recently reported quarterly EPS of $0.44, exceeding analyst expectations of $0.42, while revenue rose 6.7% year over year to $1.96 billion.
• Analysts remain generally positive, with one Strong Buy, twelve Buy, and seven Hold ratings, resulting in a consensus rating of “Moderate Buy.” Recent price targets from major firms ranged from $23 to $26.

Curated Wealth Partners LLC trimmed its position in KeyCorp (NYSE:KEY - Free Report) by 86.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,684 shares of the financial services provider's stock after selling 87,283 shares during the period. Curated Wealth Partners LLC's holdings in KeyCorp were worth $275,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Krilogy Financial LLC boosted its stake in KeyCorp by 7.0% during the third quarter. Krilogy Financial LLC now owns 10,927 shares of the financial services provider's stock valued at $220,000 after buying an additional 713 shares during the period. Lineweaver Wealth Advisors LLC increased its stake in KeyCorp by 17.1% in the 3rd quarter. Lineweaver Wealth Advisors LLC now owns 10,740 shares of the financial services provider's stock worth $216,000 after acquiring an additional 1,568 shares during the last quarter. Sax Wealth Advisors LLC increased its stake in KeyCorp by 14.2% in the 3rd quarter. Sax Wealth Advisors LLC now owns 26,539 shares of the financial services provider's stock worth $533,000 after acquiring an additional 3,302 shares during the last quarter. GK Wealth Management LLC bought a new position in KeyCorp in the 3rd quarter worth about $30,000. Finally, Wedmont Private Capital increased its stake in KeyCorp by 6.0% in the 3rd quarter. Wedmont Private Capital now owns 25,570 shares of the financial services provider's stock worth $514,000 after acquiring an additional 1,448 shares during the last quarter. 79.69% of the stock is currently owned by hedge funds and other institutional investors.

KeyCorp Stock Up 0.2%

Shares of NYSE:KEY opened at $19.98 on Friday. KeyCorp has a 52-week low of $16.79 and a 52-week high of $24.07. The firm has a fifty day moving average of $21.27 and a 200 day moving average of $21.81. The firm has a market capitalization of $21.32 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 0.75 and a beta of 1.08. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.83 and a current ratio of 0.84.

KeyCorp (NYSE:KEY - Get Free Report) last released its earnings results on Tuesday, July 21st. The financial services provider reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. KeyCorp had a return on equity of 11.23% and a net margin of 17.83%. The business had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $1.97 billion. During the same quarter in the prior year, the firm earned $0.35 earnings per share. The firm's revenue was up 6.7% on a year-over-year basis. As a group, research analysts anticipate that KeyCorp will post 1.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KEY. UBS Group lowered their price target on KeyCorp from $27.00 to $25.00 and set a "buy" rating on the stock in a report on Monday, October 5th. Royal Bank Of Canada boosted their price objective on KeyCorp from $24.00 to $25.00 and gave the stock an "outperform" rating in a report on Wednesday, July 22nd. TD Cowen started coverage on shares of KeyCorp in a research report on Thursday, October 8th. They issued a "buy" rating and a $23.00 price objective on the stock. Stephens restated an "overweight" rating and issued a $26.00 price objective on shares of KeyCorp in a research report on Tuesday, September 15th. Finally, Evercore reaffirmed an "outperform" rating and issued a $24.00 target price on shares of KeyCorp in a research note on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $46.33.

About KeyCorp

KeyCorp NYSE: KEY is a financial services company headquartered in Cleveland, Ohio, and the parent company of KeyBank National Association. Through KeyBank, the company provides banking and financial services to individuals, families, businesses, institutions and government entities.

KeyBank's offerings include consumer and business deposit accounts, residential and commercial lending, mortgage and home equity products, credit cards, payments services, treasury management, wealth management and investment services.

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