KeyCorp (NYSE:KEY) Position Increased by Valicenti Advisory Services Inc.

Valicenti Advisory Services Inc. raised its holdings in shares of KeyCorp (NYSE:KEY) by 2.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 196,783 shares of the financial services provider’s stock after buying an additional 4,659 shares during the period. KeyCorp comprises approximately 1.7% of Valicenti Advisory Services Inc.’s investment portfolio, making the stock its 23rd biggest position. Valicenti Advisory Services Inc.’s holdings in KeyCorp were worth $3,511,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Buckingham Capital Management Inc. purchased a new stake in KeyCorp during the 1st quarter worth $949,000. First Trust Advisors LP boosted its position in KeyCorp by 45.1% in the 1st quarter. First Trust Advisors LP now owns 1,202,335 shares of the financial services provider’s stock valued at $18,937,000 after buying an additional 373,879 shares during the last quarter. FMR LLC boosted its position in KeyCorp by 21.1% in the 1st quarter. FMR LLC now owns 18,418,818 shares of the financial services provider’s stock valued at $290,096,000 after buying an additional 3,204,467 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of KeyCorp by 1.8% during the second quarter. Crossmark Global Holdings Inc. now owns 86,988 shares of the financial services provider’s stock worth $1,544,000 after purchasing an additional 1,514 shares during the last quarter. Finally, Pennsylvania Trust Co lifted its position in shares of KeyCorp by 3.1% during the second quarter. Pennsylvania Trust Co now owns 428,446 shares of the financial services provider’s stock worth $7,605,000 after purchasing an additional 13,013 shares during the last quarter. Hedge funds and other institutional investors own 80.06% of the company’s stock.

In other KeyCorp news, insider Andrew J. Paine III sold 99,999 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $18.26, for a total value of $1,825,981.74. Following the sale, the insider now owns 85,469 shares in the company, valued at $1,560,663.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Amy G. Brady sold 10,806 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $18.02, for a total transaction of $194,724.12. The disclosure for this sale can be found here. 0.08% of the stock is owned by corporate insiders.

Several equities analysts have recently commented on the stock. ValuEngine cut shares of KeyCorp from a “hold” rating to a “sell” rating in a research report on Wednesday, October 16th. UBS Group increased their price target on shares of KeyCorp from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Nomura set a $18.00 price target on shares of KeyCorp and gave the stock a “hold” rating in a research report on Friday, July 26th. Zacks Investment Research cut shares of KeyCorp from a “hold” rating to a “sell” rating and set a $20.00 price target on the stock. in a research report on Monday, July 8th. Finally, Credit Suisse Group raised shares of KeyCorp from an “average” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $23.74.

KEY traded up $0.36 on Monday, hitting $18.13. 265,082 shares of the company’s stock were exchanged, compared to its average volume of 9,494,874. The firm has a market cap of $17.57 billion, a PE ratio of 10.47, a P/E/G ratio of 3.58 and a beta of 1.29. KeyCorp has a twelve month low of $13.65 and a twelve month high of $18.96. The stock has a fifty day moving average of $17.45 and a two-hundred day moving average of $17.13. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.95.

KeyCorp (NYSE:KEY) last released its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.02. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. KeyCorp had a net margin of 21.93% and a return on equity of 12.71%. KeyCorp’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 earnings per share. On average, analysts predict that KeyCorp will post 1.77 EPS for the current year.

KeyCorp Profile

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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