SVB Wealth LLC Buys 1,840 Shares of KeyCorp (NYSE:KEY)

SVB Wealth LLC boosted its holdings in shares of KeyCorp (NYSE:KEY) by 18.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,961 shares of the financial services provider’s stock after buying an additional 1,840 shares during the period. SVB Wealth LLC’s holdings in KeyCorp were worth $172,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. raised its holdings in KeyCorp by 3.2% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 32,342,547 shares of the financial services provider’s stock worth $348,006,000 after buying an additional 993,215 shares during the last quarter. FMR LLC raised its holdings in KeyCorp by 14.4% during the third quarter. FMR LLC now owns 31,781,539 shares of the financial services provider’s stock worth $341,969,000 after buying an additional 3,992,226 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new position in KeyCorp during the third quarter worth $274,773,000. Charles Schwab Investment Management Inc. raised its holdings in KeyCorp by 16.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 23,126,760 shares of the financial services provider’s stock worth $248,844,000 after buying an additional 3,216,584 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in KeyCorp by 8.8% during the third quarter. Northern Trust Corp now owns 10,845,886 shares of the financial services provider’s stock worth $116,702,000 after buying an additional 880,139 shares during the last quarter. Institutional investors and hedge funds own 79.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on KEY. Morgan Stanley increased 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. Keefe, Bruyette & Woods increased their target price on shares of KeyCorp from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, April 5th. Wells Fargo & Company increased their target price on shares of KeyCorp from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. JPMorgan Chase & Co. increased their target price on shares of KeyCorp from $16.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, April 4th. Finally, Wedbush lowered their target price on shares of KeyCorp from $16.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, January 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, KeyCorp has an average rating of “Moderate Buy” and an average target price of $15.71.

Insider Activity

In related news, insider Angela G. Mago sold 3,405 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly owns 214,630 shares of the company’s stock, valued at $3,056,331.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other KeyCorp news, insider Kenneth C. Gavrity sold 2,376 shares of KeyCorp stock in a transaction that occurred 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 directly owns 98,120 shares of the company’s stock, valued at $1,376,623.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Angela G. Mago sold 3,405 shares of KeyCorp stock in a transaction that occurred 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 transaction, the insider now directly owns 214,630 shares in the company, valued at $3,056,331.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,442 shares of company stock worth $303,914. 0.67% of the stock is owned by company insiders.

KeyCorp Price Performance

Shares of NYSE:KEY opened at $14.73 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.72. The firm has a market capitalization of $13.66 billion, a PE ratio of 18.64 and a beta of 1.29. KeyCorp has a twelve month low of $8.53 and a twelve month high of $15.86. The company has a 50-day moving average price of $14.72 and a two-hundred day moving average price of $13.49.

KeyCorp (NYSE:KEY) last released its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.22 EPS 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 during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the business posted $0.44 earnings per share. KeyCorp’s revenue was down 10.6% compared to the same quarter last year. Equities analysts forecast that KeyCorp will post 1.15 EPS for the current year.

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.