California Public Employees Retirement System Has $24.24 Million Holdings in KeyCorp (NYSE:KEY)

California Public Employees Retirement System lessened its holdings in shares of KeyCorp (NYSE:KEY - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,683,324 shares of the financial services provider's stock after selling 129,349 shares during the quarter. California Public Employees Retirement System owned approximately 0.18% of KeyCorp worth $24,240,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC bought a new stake in shares of KeyCorp during the 4th quarter worth about $26,000. Sound Income Strategies LLC boosted its position in KeyCorp by 3,600.0% during the fourth 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 KeyCorp during the third quarter valued at approximately $28,000. Baldwin Brothers LLC MA acquired a new position in KeyCorp during the fourth quarter valued at approximately $35,000. Finally, Creative Financial Designs Inc. ADV raised its position in shares of KeyCorp by 195.2% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,666 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 1,763 shares during the period. 79.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at KeyCorp

In related news, insider Angela G. Mago sold 3,405 shares of KeyCorp stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $14.24, for a total value of $48,487.20. Following the completion of the transaction, the insider now directly owns 214,630 shares of the company's stock, valued at $3,056,331.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other KeyCorp news, insider Angela G. Mago sold 3,405 shares of the company's stock in a transaction on 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 sale, the insider now owns 214,630 shares in the company, valued at approximately $3,056,331.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Trina M. Evans sold 12,335 shares of the firm's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $14.23, for a total value of $175,527.05. Following the completion of the transaction, the director now owns 81,622 shares in the company, valued at $1,161,481.06. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,442 shares of company stock worth $303,914. Insiders own 0.67% of the company's stock.

Analysts Set New Price Targets

KEY has been the subject of several recent analyst reports. Royal Bank of Canada upped their price objective on shares of KeyCorp from $15.00 to $16.00 and gave the stock an "outperform" rating in a report on Friday, April 19th. JPMorgan Chase & Co. raised their price target on KeyCorp from $16.00 to $18.00 and gave the company a "neutral" rating in a research report on Thursday, April 4th. Raymond James assumed coverage on KeyCorp in a research report on Monday, January 8th. They set a "market perform" rating for the company. Evercore ISI raised their target price on KeyCorp from $17.00 to $18.00 and gave the company an "outperform" rating in a report on Thursday, March 28th. Finally, Piper Sandler lifted their price target on KeyCorp from $16.00 to $17.00 and gave the stock an "overweight" rating in a research report on Friday, January 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, KeyCorp currently has an average rating of "Moderate Buy" and a consensus price target of $15.71.

KeyCorp Price Performance

Shares of KeyCorp stock traded up $0.03 during midday trading on Monday, hitting $14.73. 12,857,093 shares of the company were exchanged, compared to its average volume of 16,377,566. The firm has a 50 day simple moving average of $14.76 and a 200-day simple moving average of $13.58. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market cap of $13.66 billion, a P/E ratio of 18.65 and a beta of 1.29. KeyCorp has a 52 week low of $8.53 and a 52 week high of $15.86.

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