KeyCorp (NYSE:KEY) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its position in KeyCorp (NYSE:KEY - Free Report) by 5.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 973,276 shares of the financial services provider's stock after selling 52,239 shares during the period. Russell Investments Group Ltd. owned about 0.10% of KeyCorp worth $14,016,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of KEY. Asset Management One Co. Ltd. raised its stake in KeyCorp by 8.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 310,668 shares of the financial services provider's stock valued at $3,343,000 after purchasing an additional 23,218 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of KeyCorp by 21.7% in the third quarter. Commonwealth Equity Services LLC now owns 608,103 shares of the financial services provider's stock worth $6,543,000 after buying an additional 108,549 shares in the last quarter. SVB Wealth LLC bought a new position in shares of KeyCorp during the third quarter worth $109,000. Cambridge Investment Research Advisors Inc. increased its holdings in KeyCorp by 1.5% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 107,111 shares of the financial services provider's stock valued at $1,153,000 after acquiring an additional 1,552 shares during the last quarter. Finally, Xponance Inc. lifted its stake in KeyCorp by 3.0% in the 3rd quarter. Xponance Inc. now owns 132,383 shares of the financial services provider's stock worth $1,424,000 after purchasing an additional 3,858 shares in the last quarter. Hedge funds and other institutional investors own 79.69% of the company's stock.

Insider Transactions at KeyCorp

In other KeyCorp news, insider Angela G. Mago sold 3,405 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $14.24, for a total transaction of $48,487.20. Following the sale, the insider now owns 214,630 shares of the company's stock, valued at approximately $3,056,331.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other KeyCorp news, insider Angela G. Mago sold 3,405 shares of the 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 sale, 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 legal filing with the SEC, which is accessible through this link. Also, insider Kenneth C. Gavrity sold 2,376 shares of KeyCorp stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $14.03, for a total transaction of $33,335.28. Following the completion of the transaction, the insider now directly owns 98,120 shares in the company, valued at approximately $1,376,623.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,442 shares of company stock valued at $303,914. Company insiders own 0.61% of the company's stock.

KeyCorp Stock Up 0.4 %

NYSE KEY traded up $0.06 on Friday, reaching $14.93. 9,274,415 shares of the stock traded hands, compared to its average volume of 15,435,352. KeyCorp has a 12 month low of $8.53 and a 12 month high of $15.86. The company has a market cap of $13.85 billion, a price-to-earnings ratio of 18.90 and a beta of 1.28. The company has a fifty day moving average price of $14.82 and a 200-day moving average price of $13.68. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.87 and a current ratio of 0.87.

KeyCorp (NYSE:KEY - Get Free Report) last released 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). KeyCorp had a net margin of 7.53% and a return on equity of 8.89%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the firm earned $0.44 earnings per share. The business's revenue was down 10.6% compared to the same quarter last year. As a group, research analysts forecast that KeyCorp will post 1.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

KEY has been the topic of several research reports. Argus lifted their target price on KeyCorp from $15.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, April 19th. Barclays decreased their price objective on KeyCorp from $17.00 to $16.00 and set an "equal weight" rating on the stock in a report on Friday, January 19th. Morgan Stanley raised their target price on shares of KeyCorp from $12.00 to $16.00 and gave the company an "equal weight" rating in a report on Wednesday, February 7th. Wedbush decreased their price target on shares of KeyCorp from $16.00 to $14.00 and set a "neutral" rating on the stock in a research note on Friday, January 19th. Finally, Royal Bank of Canada increased their price objective on shares of KeyCorp from $15.00 to $16.00 and gave the company an "outperform" rating in a research report on Friday, April 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, KeyCorp has an average rating of "Moderate Buy" and a consensus price target of $15.71.

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.