Wealthcare Advisory Partners LLC Has $1.27 Million Position in KeyCorp (NYSE:KEY)

Wealthcare Advisory Partners LLC boosted its stake in shares of KeyCorp (NYSE:KEY - Free Report) by 535.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,367 shares of the financial services provider's stock after acquiring an additional 74,458 shares during the quarter. Wealthcare Advisory Partners LLC's holdings in KeyCorp were worth $1,272,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of KEY. Cornerstone Wealth Management LLC increased its stake in KeyCorp by 6.3% in the 4th quarter. Cornerstone Wealth Management LLC now owns 12,337 shares of the financial services provider's stock valued at $178,000 after purchasing an additional 732 shares in the last quarter. UMB Bank n.a. increased its position in shares of KeyCorp by 2.5% in the fourth quarter. UMB Bank n.a. now owns 34,090 shares of the financial services provider's stock valued at $491,000 after buying an additional 841 shares in the last quarter. PL Capital Advisors LLC raised its stake in shares of KeyCorp by 1.7% during the 3rd quarter. PL Capital Advisors LLC now owns 54,900 shares of the financial services provider's stock worth $591,000 after buying an additional 900 shares during the last quarter. AHL Investment Management Inc. boosted its position in shares of KeyCorp by 1.8% in the 4th quarter. AHL Investment Management Inc. now owns 51,288 shares of the financial services provider's stock worth $739,000 after buying an additional 900 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its position in shares of KeyCorp by 15.8% in the 4th quarter. Global Retirement Partners LLC now owns 6,592 shares of the financial services provider's stock worth $92,000 after buying an additional 901 shares in the last quarter. 79.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Angela G. Mago sold 3,405 shares of the 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 owns 214,630 shares of the company's stock, valued at $3,056,331.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Angela G. Mago sold 3,405 shares of KeyCorp stock in a transaction on Monday, February 12th. The shares were sold at an average price of $14.24, for a total value of $48,487.20. Following the completion of the sale, the insider now owns 214,630 shares in the company, valued at $3,056,331.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kenneth C. Gavrity sold 2,376 shares of the stock in a transaction 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 transaction, the insider now owns 98,120 shares in the company, valued at $1,376,623.60. The disclosure for this sale can be found here. Insiders sold 21,442 shares of company stock worth $303,914 over the last ninety days. Corporate insiders own 0.67% of the company's stock.

KeyCorp Stock Down 1.3 %

NYSE KEY traded down $0.19 on Tuesday, reaching $14.94. The company had a trading volume of 10,462,012 shares, compared to its average volume of 16,037,637. 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 has a 1 year low of $8.73 and a 1 year high of $15.86. The firm has a 50-day moving average of $14.86 and a 200-day moving average of $13.79. The firm has a market capitalization of $14.09 billion, a PE ratio of 18.91 and a beta of 1.28.

KeyCorp (NYSE:KEY - Get Free Report) last released its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the business posted $0.44 earnings per share. KeyCorp's revenue for the quarter was down 10.6% on a year-over-year basis. On average, equities research analysts anticipate that KeyCorp will post 1.15 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Morgan Stanley lifted their target price on shares of KeyCorp from $12.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 7th. DA Davidson lowered their target price on KeyCorp from $17.00 to $16.00 and set a "buy" rating on the stock in a report on Friday, January 19th. Evercore ISI boosted their price target on KeyCorp from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Thursday, March 28th. Jefferies Financial Group increased their price objective on KeyCorp from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Monday, April 8th. Finally, Wedbush dropped their price objective on KeyCorp from $16.00 to $14.00 and set a "neutral" rating for the company in a research report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, KeyCorp currently has an average rating of "Moderate Buy" and an average 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.