KeyCorp $KEY Shares Acquired by Aberdeen Group plc

Aberdeen Group plc grew its position in KeyCorp (NYSE:KEY - Free Report) by 4.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 689,031 shares of the financial services provider's stock after buying an additional 29,304 shares during the quarter. Aberdeen Group plc owned 0.06% of KeyCorp worth $12,003,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of KeyCorp by 7.2% in the first quarter. Vanguard Group Inc. now owns 125,345,385 shares of the financial services provider's stock valued at $2,004,273,000 after buying an additional 8,412,625 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of KeyCorp by 40.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 50,954,013 shares of the financial services provider's stock valued at $814,756,000 after buying an additional 14,651,281 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of KeyCorp by 12.2% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 30,511,720 shares of the financial services provider's stock valued at $487,882,000 after buying an additional 3,327,972 shares in the last quarter. Invesco Ltd. grew its stake in shares of KeyCorp by 19.5% in the first quarter. Invesco Ltd. now owns 20,623,929 shares of the financial services provider's stock valued at $329,777,000 after buying an additional 3,363,421 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of KeyCorp by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 11,201,253 shares of the financial services provider's stock valued at $179,084,000 after buying an additional 319,019 shares in the last quarter. 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 dated 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 of the company's stock, valued at approximately $1,544,363.73. The trade was a 17.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andrew J. Paine III sold 44,953 shares of the business's stock in a transaction dated 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 directly owned 245,044 shares of the company's stock, valued at $4,726,898.76. The trade was a 15.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 174,102 shares of company stock valued at $3,299,664. Insiders own 0.52% of the company's stock.

KeyCorp Trading Down 1.6%

NYSE:KEY opened at $17.73 on Thursday. The stock has a 50-day simple moving average of $18.58 and a 200-day simple moving average of $17.05. The stock has a market cap of $19.44 billion, a P/E ratio of -253.24, a P/E/G ratio of 0.57 and a beta of 1.15. KeyCorp has a 1 year low of $12.73 and a 1 year high of $20.04. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.83 and a current ratio of 0.84.

KeyCorp (NYSE:KEY - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. The business had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.81 billion. KeyCorp had a return on equity of 9.65% and a net margin of 1.49%.The business's quarterly revenue was up 20.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 EPS. As a group, analysts anticipate that KeyCorp will post 1.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on KEY shares. Keefe, Bruyette & Woods boosted their target price on KeyCorp from $20.50 to $21.00 and gave the stock an "outperform" rating in a research note on Friday, October 10th. Morgan Stanley boosted their target price on KeyCorp from $20.00 to $24.00 and gave the stock an "underperform" rating in a research note on Monday, September 29th. Baird R W cut KeyCorp from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 2nd. DA Davidson boosted their target price on KeyCorp from $19.00 to $21.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Finally, UBS Group boosted their target price on KeyCorp from $22.00 to $23.00 and gave the stock a "buy" rating in a research note on Tuesday, October 7th. Ten equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, KeyCorp currently has an average rating of "Hold" and a consensus price target of $20.86.

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.

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