Handelsbanken Fonder AB Has $5.05 Million Position in KeyCorp (NYSE:KEY)

Handelsbanken Fonder AB reduced its position in KeyCorp (NYSE:KEY - Free Report) by 31.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 350,988 shares of the financial services provider's stock after selling 163,780 shares during the quarter. Handelsbanken Fonder AB's holdings in KeyCorp were worth $5,054,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of KEY. Bruce G. Allen Investments LLC acquired a new position in shares of KeyCorp during the 4th quarter worth $26,000. Sound Income Strategies LLC grew its stake in shares of KeyCorp by 3,600.0% during the 4th quarter. Sound Income Strategies LLC now owns 1,887 shares of the financial services provider's stock worth $27,000 after purchasing an additional 1,836 shares during the period. Cary Street Partners Investment Advisory LLC acquired a new position in shares of KeyCorp during the 3rd quarter worth $28,000. Baldwin Brothers LLC MA acquired a new position in shares of KeyCorp during the 4th quarter worth $35,000. Finally, Creative Financial Designs Inc. ADV grew its stake in shares of KeyCorp by 195.2% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,666 shares of the financial services provider's stock worth $38,000 after purchasing an additional 1,763 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 research firms have recently weighed in on KEY. Evercore ISI upped their price target on shares of KeyCorp from $17.00 to $18.00 and gave the stock an "outperform" rating in a research note on Thursday, March 28th. DA Davidson lowered their price objective on shares of KeyCorp from $17.00 to $16.00 and set a "buy" rating on the stock in a research note on Friday, January 19th. Argus increased their price objective on shares of KeyCorp from $15.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, April 19th. Keefe, Bruyette & Woods increased their price objective on shares of KeyCorp from $16.00 to $18.00 and gave the company an "outperform" rating in a research note on Friday, April 5th. Finally, JPMorgan Chase & Co. increased their price objective on shares of KeyCorp from $16.00 to $18.00 and gave the company a "neutral" rating in a research note on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, KeyCorp currently has a consensus rating of "Moderate Buy" and an average target price of $15.71.

Insider Transactions at KeyCorp

In related news, CAO Douglas M. Schosser sold 3,326 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $14.00, for a total transaction of $46,564.00. Following the completion of the sale, the chief accounting officer now owns 19,795 shares of the company's stock, valued at approximately $277,130. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Kenneth C. Gavrity sold 2,376 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $14.03, for a total transaction of $33,335.28. Following the completion of the sale, the insider now owns 98,120 shares of the company's stock, valued at approximately $1,376,623.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Douglas M. Schosser sold 3,326 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $14.00, for a total transaction of $46,564.00. Following the sale, the chief accounting officer now directly owns 19,795 shares of the company's stock, valued at approximately $277,130. The disclosure for this sale can be found here. Insiders have sold a total of 21,442 shares of company stock worth $303,914 in the last three months. Company insiders own 0.61% of the company's stock.

KeyCorp Trading Up 0.6 %

Shares of KEY stock traded up $0.09 during trading hours on Friday, hitting $14.70. 11,793,004 shares of the company were exchanged, compared to its average volume of 16,421,029. The firm has a market cap of $13.63 billion, a PE ratio of 18.61 and a beta of 1.29. KeyCorp has a 1 year low of $8.53 and a 1 year high of $15.86. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.72. The firm has a fifty day moving average of $14.75 and a 200 day moving average of $13.51.

KeyCorp (NYSE:KEY - Get Free Report) last announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). The company had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.51 billion. KeyCorp had a return on equity of 8.89% and a net margin of 7.53%. The company's revenue was down 10.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.44 earnings per share. Analysts expect that KeyCorp will post 1.15 earnings per share for the current year.

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.