KeyCorp (NYSE:KEY) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its stake in KeyCorp (NYSE:KEY - Free Report) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,882,234 shares of the financial services provider's stock after purchasing an additional 576,567 shares during the period. Dimensional Fund Advisors LP owned approximately 1.10% of KeyCorp worth $186,520,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. TCTC Holdings LLC grew its holdings in KeyCorp by 38.6% during the fourth quarter. TCTC Holdings LLC now owns 2,195 shares of the financial services provider's stock worth $38,000 after acquiring an additional 611 shares during the period. Signaturefd LLC increased its holdings in shares of KeyCorp by 16.0% in the 4th quarter. Signaturefd LLC now owns 4,453 shares of the financial services provider's stock valued at $76,000 after purchasing an additional 614 shares in the last quarter. Modera Wealth Management LLC lifted its stake in shares of KeyCorp by 3.9% in the fourth quarter. Modera Wealth Management LLC now owns 16,521 shares of the financial services provider's stock valued at $283,000 after purchasing an additional 627 shares during the period. Ballentine Partners LLC boosted its holdings in KeyCorp by 5.7% during the fourth quarter. Ballentine Partners LLC now owns 12,855 shares of the financial services provider's stock worth $220,000 after buying an additional 692 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in KeyCorp by 0.4% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 175,512 shares of the financial services provider's stock worth $3,008,000 after buying an additional 695 shares during the period. 79.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Stephens reiterated an "overweight" rating and set a $20.00 price target on shares of KeyCorp in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods decreased their target price on KeyCorp from $20.00 to $18.00 and set an "outperform" rating on the stock in a research report on Monday, April 21st. Wells Fargo & Company restated an "overweight" rating on shares of KeyCorp in a research report on Thursday, April 17th. Morgan Stanley reiterated an "equal weight" rating on shares of KeyCorp in a research report on Thursday, April 17th. Finally, DA Davidson dropped their target price on shares of KeyCorp from $22.00 to $21.00 and set a "buy" rating for the company in a report on Wednesday, January 22nd. Eight investment 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 company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $18.97.

Insider Buying and Selling at KeyCorp

In other KeyCorp news, Director Of Nova Scotia Bank bought 50,000 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The stock was purchased at an average price of $17.85 per share, with a total value of $892,500.00. Following the transaction, the director now owns 162,983,726 shares in the company, valued at $2,909,259,509.10. This trade represents a 0.03 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Mohit Ramani purchased 10,000 shares of KeyCorp stock in a transaction on Monday, April 21st. The shares were acquired at an average cost of $13.75 per share, for a total transaction of $137,500.00. Following the completion of the transaction, the insider now owns 10,000 shares of the company's stock, valued at $137,500. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 60,180 shares of company stock worth $1,032,525 in the last quarter. 0.52% of the stock is owned by insiders.

KeyCorp Trading Down 0.3 %

KeyCorp stock traded down $0.05 during trading on Tuesday, hitting $14.83. The company's stock had a trading volume of 2,153,279 shares, compared to its average volume of 12,812,896. The stock's fifty day moving average is $15.36 and its 200 day moving average is $17.04. KeyCorp has a 1-year low of $12.73 and a 1-year high of $20.04. The stock has a market capitalization of $16.24 billion, a price-to-earnings ratio of -49.48, a P/E/G ratio of 0.65 and a beta of 1.06. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.84 and a current ratio of 0.85.

KeyCorp (NYSE:KEY - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.01. KeyCorp had a negative net margin of 2.52% and a positive return on equity of 8.73%. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the company posted $0.20 EPS. As a group, equities research analysts predict that KeyCorp will post 1.5 EPS for the current year.

KeyCorp declared that its board has authorized a share buyback program on Thursday, March 13th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to reacquire up to 6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

KeyCorp Company 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.