PL Capital Advisors LLC Has $2.20 Million Holdings in KeyCorp (NYSE:KEY)

PL Capital Advisors LLC boosted its holdings in shares of KeyCorp (NYSE:KEY) by 178.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 152,900 shares of the financial services provider’s stock after buying an additional 98,000 shares during the quarter. KeyCorp makes up approximately 0.8% of PL Capital Advisors LLC’s investment portfolio, making the stock its 28th largest position. PL Capital Advisors LLC’s holdings in KeyCorp were worth $2,202,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of KEY. CWM LLC grew its position in shares of KeyCorp by 35.5% in the third quarter. CWM LLC now owns 50,138 shares of the financial services provider’s stock valued at $539,000 after purchasing an additional 13,144 shares during the last quarter. IFP Advisors Inc grew its position in KeyCorp by 34.6% during the third quarter. IFP Advisors Inc now owns 9,629 shares of the financial services provider’s stock worth $104,000 after buying an additional 2,476 shares in the last quarter. HB Wealth Management LLC grew its position in KeyCorp by 16.8% during the third quarter. HB Wealth Management LLC now owns 18,481 shares of the financial services provider’s stock worth $199,000 after buying an additional 2,656 shares in the last quarter. Hennessy Advisors Inc. grew its position in KeyCorp by 11.5% during the third quarter. Hennessy Advisors Inc. now owns 145,000 shares of the financial services provider’s stock worth $1,560,000 after buying an additional 15,000 shares in the last quarter. Finally, Czech National Bank grew its position in KeyCorp by 47.7% during the third quarter. Czech National Bank now owns 163,579 shares of the financial services provider’s stock worth $1,760,000 after buying an additional 52,863 shares in the last quarter. Institutional investors and hedge funds own 79.69% of the company’s stock.

Insider Transactions at KeyCorp

In other news, insider Angela G. Mago sold 3,405 shares of KeyCorp 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 directly owns 214,630 shares of the company’s stock, valued at approximately $3,056,331.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Kenneth C. Gavrity sold 2,376 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $14.03, for a total value of $33,335.28. Following the completion of the sale, the insider now directly owns 98,120 shares of the company’s stock, valued at approximately $1,376,623.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Angela G. Mago sold 3,405 shares of the business’s stock in a transaction dated 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 directly owns 214,630 shares of the company’s stock, valued at $3,056,331.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,442 shares of company stock valued at $303,914. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KEY. Evercore ISI increased their price target on KeyCorp from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Royal Bank of Canada upped their target price on KeyCorp from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Friday, April 19th. Wells Fargo & Company upped their target price on KeyCorp from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. DA Davidson cut their target price on KeyCorp from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, January 19th. Finally, Keefe, Bruyette & Woods upped their target price on KeyCorp from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday, April 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.71.

KeyCorp Stock Performance

KEY stock opened at $14.70 on Friday. The stock has a 50-day moving average price of $14.76 and a 200-day moving average price of $13.56. KeyCorp has a 1-year low of $8.53 and a 1-year high of $15.86. 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 cap of $13.63 billion, a PE ratio of 18.61 and a beta of 1.29.

KeyCorp (NYSE:KEY) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). KeyCorp had a return on equity of 8.89% and a net margin of 7.53%. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the business posted $0.44 earnings per share. The business’s revenue was down 10.6% on a year-over-year basis. As a group, equities research analysts expect that KeyCorp will post 1.15 earnings per share 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.