PL Capital Advisors LLC Purchases 98,000 Shares of KeyCorp (NYSE:KEY)

PL Capital Advisors LLC grew its holdings in shares of KeyCorp (NYSE:KEY - Free Report) by 178.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 152,900 shares of the financial services provider's stock after purchasing an additional 98,000 shares during the period. KeyCorp comprises 0.8% of PL Capital Advisors LLC's holdings, making the stock its 28th largest holding. PL Capital Advisors LLC's holdings in KeyCorp were worth $2,202,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its position in shares of KeyCorp by 8.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 273,010 shares of the financial services provider's stock worth $3,931,000 after purchasing an additional 21,395 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of KeyCorp by 35.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 329,655 shares of the financial services provider's stock worth $4,747,000 after acquiring an additional 86,579 shares in the last quarter. Miller Howard Investments Inc. NY acquired a new stake in shares of KeyCorp during the 4th quarter worth approximately $7,200,000. Fifth Third Bancorp boosted its position in shares of KeyCorp by 1.0% during the 4th quarter. Fifth Third Bancorp now owns 237,934 shares of the financial services provider's stock worth $3,426,000 after acquiring an additional 2,344 shares in the last quarter. Finally, Raymond James & Associates boosted its position in shares of KeyCorp by 44.1% during the 4th quarter. Raymond James & Associates now owns 1,610,148 shares of the financial services provider's stock worth $23,186,000 after acquiring an additional 492,584 shares in the last quarter. Institutional investors and hedge funds own 79.69% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on KEY shares. Keefe, Bruyette & Woods increased their price target on shares of KeyCorp from $16.00 to $18.00 and gave the stock an "outperform" rating in a research report on Friday, April 5th. Barclays dropped their price objective on shares of KeyCorp from $17.00 to $16.00 and set an "equal weight" rating for the company in a research note on Friday, January 19th. DA Davidson dropped their price objective on shares of KeyCorp from $17.00 to $16.00 and set a "buy" rating for the company in a research note on Friday, January 19th. Raymond James started coverage on shares of KeyCorp in a research note on Monday, January 8th. They issued a "market perform" rating for the company. Finally, Morgan Stanley increased their price objective on shares of KeyCorp from $12.00 to $16.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.71.

Insiders Place Their Bets

In other KeyCorp news, Director Trina M. Evans sold 12,335 shares of the firm's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $14.23, for a total value of $175,527.05. Following the completion of the sale, the director now directly owns 81,622 shares in the company, valued at $1,161,481.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Angela G. Mago sold 3,405 shares of KeyCorp stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $14.24, for a total transaction of $48,487.20. Following the completion of the transaction, the insider now directly owns 214,630 shares in the company, valued at $3,056,331.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Trina M. Evans sold 12,335 shares of KeyCorp stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $14.23, for a total transaction of $175,527.05. Following the transaction, the director now owns 81,622 shares of the company's stock, valued at $1,161,481.06. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,442 shares of company stock worth $303,914. 0.61% of the stock is currently owned by company insiders.

KeyCorp Trading Up 0.6 %

NYSE KEY traded up $0.09 during mid-day trading on Friday, reaching $14.70. 11,793,143 shares of the stock were exchanged, compared to its average volume of 14,096,899. KeyCorp has a one year low of $8.53 and a one year high of $15.86. The stock has a 50 day simple moving average of $14.76 and a 200-day simple moving average of $13.58. The stock has a market cap of $13.63 billion, a P/E ratio of 18.61 and a beta of 1.29. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.87 and a quick ratio of 0.87.

KeyCorp (NYSE:KEY - Get Free Report) last posted its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.01). The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. KeyCorp had a return on equity of 8.89% and a net margin of 7.53%. The company's revenue for the quarter was down 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 earnings per share. On average, analysts anticipate that KeyCorp will post 1.15 EPS for the current year.

KeyCorp 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.