16,859 Shares in KeyCorp (NYSE:KEY) Acquired by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC bought a new position in shares of KeyCorp (NYSE:KEY) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,859 shares of the financial services provider’s stock, valued at approximately $301,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in KeyCorp by 0.4% in the second quarter. Vanguard Group Inc. now owns 112,955,500 shares of the financial services provider’s stock valued at $2,004,961,000 after acquiring an additional 415,547 shares in the last quarter. FMR LLC grew its position in KeyCorp by 21.1% in the first quarter. FMR LLC now owns 18,418,818 shares of the financial services provider’s stock valued at $290,096,000 after acquiring an additional 3,204,467 shares in the last quarter. Invesco Ltd. grew its position in KeyCorp by 2.3% in the second quarter. Invesco Ltd. now owns 17,028,799 shares of the financial services provider’s stock valued at $302,262,000 after acquiring an additional 381,757 shares in the last quarter. Bank of America Corp DE grew its position in KeyCorp by 1.0% in the second quarter. Bank of America Corp DE now owns 14,076,297 shares of the financial services provider’s stock valued at $249,854,000 after acquiring an additional 142,938 shares in the last quarter. Finally, Northern Trust Corp grew its position in KeyCorp by 1.1% in the second quarter. Northern Trust Corp now owns 11,798,679 shares of the financial services provider’s stock valued at $209,426,000 after acquiring an additional 133,547 shares in the last quarter. 80.08% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Amy G. Brady sold 10,806 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $18.02, for a total transaction of $194,724.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Andrew J. Paine III sold 99,999 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $18.26, for a total value of $1,825,981.74. Following the transaction, the insider now owns 85,469 shares in the company, valued at $1,560,663.94. The disclosure for this sale can be found here. Company insiders own 0.08% of the company’s stock.

Several analysts have issued reports on KEY shares. ValuEngine downgraded shares of KeyCorp from a “hold” rating to a “sell” rating in a research report on Wednesday, October 16th. Zacks Investment Research downgraded shares of KeyCorp from a “hold” rating to a “sell” rating and set a $20.00 price objective for the company. in a research report on Monday, July 8th. Nomura set a $18.00 price objective on shares of KeyCorp and gave the company a “hold” rating in a research report on Friday, July 26th. UBS Group increased their price objective on shares of KeyCorp from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Finally, Piper Jaffray Companies set a $19.00 target price on KeyCorp and gave the company a “buy” rating in a research note on Wednesday, September 4th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the stock. KeyCorp currently has a consensus rating of “Hold” and an average price target of $23.74.

KeyCorp stock opened at $17.77 on Monday. The stock has a market cap of $17.57 billion, a P/E ratio of 10.27, a price-to-earnings-growth ratio of 3.58 and a beta of 1.29. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.95. The stock has a 50 day moving average of $17.45 and a 200-day moving average of $17.13. KeyCorp has a 52 week low of $13.65 and a 52 week high of $18.96.

KeyCorp (NYSE:KEY) last released its earnings results on Thursday, October 17th. The financial services provider reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. KeyCorp had a return on equity of 12.71% and a net margin of 21.93%. The business’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 EPS. As a group, equities analysts predict that KeyCorp will post 1.77 earnings per share for the current fiscal year.

About KeyCorp

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company's Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans.

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Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

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