KeyCorp (NYSE:KEY) Shares Acquired by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. increased its stake in shares of KeyCorp (NYSE:KEY) by 61.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,752 shares of the financial services provider’s stock after acquiring an additional 16,732 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in KeyCorp were worth $630,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its position in shares of KeyCorp by 21.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 608,103 shares of the financial services provider’s stock valued at $6,543,000 after purchasing an additional 108,549 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in shares of KeyCorp by 1.5% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 107,111 shares of the financial services provider’s stock worth $1,153,000 after buying an additional 1,552 shares during the period. Independent Advisor Alliance grew its holdings in shares of KeyCorp by 9.2% during the third quarter. Independent Advisor Alliance now owns 20,725 shares of the financial services provider’s stock worth $223,000 after buying an additional 1,741 shares during the last quarter. Bank of New York Mellon Corp raised its stake in KeyCorp by 5.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,099,254 shares of the financial services provider’s stock valued at $76,388,000 after acquiring an additional 363,701 shares during the last quarter. Finally, Brighton Jones LLC acquired a new stake in shares of KeyCorp in the 3rd quarter worth approximately $137,000. 79.69% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at KeyCorp

In related news, insider Angela G. Mago sold 3,405 shares of KeyCorp 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 owns 214,630 shares in the company, valued at approximately $3,056,331.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other KeyCorp news, insider Angela G. Mago sold 3,405 shares of the 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 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 legal filing with the SEC, which is accessible through the SEC website. Also, CAO Douglas M. Schosser sold 3,326 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $14.00, for a total transaction of $46,564.00. Following the completion of the transaction, the chief accounting officer now owns 19,795 shares in the company, valued at $277,130. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,442 shares of company stock worth $303,914. Insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

KEY has been the topic of several research reports. Royal Bank of Canada raised their price target on KeyCorp from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Friday, April 19th. Barclays cut their price objective on KeyCorp from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, January 19th. Wells Fargo & Company increased their target price on KeyCorp from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Evercore ISI lifted their price target on shares of KeyCorp from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Finally, Argus lifted their target price on shares of KeyCorp from $15.00 to $16.00 and gave the company a “buy” rating in a report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $15.71.

KeyCorp Price Performance

Shares of NYSE:KEY opened at $14.94 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.72. The firm has a market capitalization of $14.09 billion, a PE ratio of 18.91 and a beta of 1.28. The business’s 50 day moving average is $14.86 and its 200-day moving average is $13.79. KeyCorp has a 1-year low of $8.73 and a 1-year high of $15.86.

KeyCorp (NYSE:KEY) last released its 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 company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter 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. Sell-side analysts predict that KeyCorp will post 1.15 earnings per share for the current year.

About KeyCorp

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.