International Assets Investment Management LLC acquired a new stake in KeyCorp (NYSE:KEY - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 92,011 shares of the financial services provider's stock, valued at approximately $1,603,000.
Several other hedge funds and other institutional investors have also modified their holdings of KEY. Activest Wealth Management lifted its stake in shares of KeyCorp by 8,775.0% in the 2nd quarter. Activest Wealth Management now owns 1,420 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 1,404 shares in the last quarter. Tompkins Financial Corp acquired a new position in shares of KeyCorp in the 2nd quarter valued at about $26,000. Zions Bancorporation National Association UT acquired a new position in shares of KeyCorp in the 1st quarter valued at about $28,000. Allworth Financial LP lifted its position in KeyCorp by 246.9% during the 1st quarter. Allworth Financial LP now owns 2,168 shares of the financial services provider's stock worth $32,000 after acquiring an additional 1,543 shares in the last quarter. Finally, FSC Wealth Advisors LLC acquired a new position in KeyCorp during the 1st quarter worth approximately $34,000. 79.69% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, Director Trina M. Evans sold 17,000 shares of the business's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $18.67, for a total value of $317,390.00. Following the completion of the sale, the director directly owned 82,719 shares in the company, valued at approximately $1,544,363.73. The trade was a 17.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andrew J. Paine III sold 44,953 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $19.29, for a total value of $867,143.37. Following the completion of the sale, the insider owned 245,044 shares of the company's stock, valued at $4,726,898.76. This trade represents a 15.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 174,102 shares of company stock worth $3,299,664. 0.52% of the stock is currently owned by insiders.
KeyCorp Stock Performance
Shares of KEY opened at $16.96 on Monday. The business's 50 day moving average is $18.56 and its two-hundred day moving average is $17.09. KeyCorp has a 52-week low of $12.73 and a 52-week high of $20.04. The firm has a market cap of $18.60 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 0.54 and a beta of 1.15. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.62.
KeyCorp (NYSE:KEY - Get Free Report) last announced its earnings results on Thursday, October 16th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.03. KeyCorp had a return on equity of 10.14% and a net margin of 10.08%.The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the company posted ($0.47) EPS. KeyCorp's quarterly revenue was up 172.7% on a year-over-year basis. Analysts forecast that KeyCorp will post 1.5 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts recently commented on KEY shares. Morgan Stanley boosted their price target on KeyCorp from $20.00 to $24.00 and gave the stock an "underperform" rating in a research report on Monday, September 29th. Evercore ISI boosted their price target on KeyCorp from $21.00 to $22.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 30th. Royal Bank Of Canada boosted their price target on KeyCorp from $19.00 to $20.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 1st. JPMorgan Chase & Co. boosted their price target on KeyCorp from $19.00 to $19.50 and gave the stock a "neutral" rating in a research report on Friday, October 10th. Finally, Robert W. Baird lowered KeyCorp from an "outperform" rating to a "neutral" rating and set a $18.00 price target on the stock. in a research report on Wednesday, July 2nd. Ten analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $20.75.
Check Out Our Latest Stock Report on KEY
About KeyCorp
(
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.
See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider KeyCorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and KeyCorp wasn't on the list.
While KeyCorp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.