91,442 Shares in KeyCorp $KEY Acquired by Vest Financial LLC

Vest Financial LLC bought a new stake in shares of KeyCorp (NYSE:KEY – Free Report) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 91,442 shares of the financial services provider’s stock, valued at approximately $1,835,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. North Reef Capital Management LP purchased a new stake in shares of KeyCorp in the first quarter valued at $253,632,000. Commerce Bank purchased a new stake in shares of KeyCorp in the second quarter valued at $2,657,000. Weiss Asset Management LP bought a new stake in shares of KeyCorp in the 1st quarter worth about $7,040,000. Bank of Nova Scotia lifted its holdings in shares of KeyCorp by 0.6% in the 1st quarter. Bank of Nova Scotia now owns 162,996,326 shares of the financial services provider’s stock worth $3,268,076,000 after acquiring an additional 900,951 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of KeyCorp by 10.0% in the 1st quarter. Royal Bank of Canada now owns 5,140,288 shares of the financial services provider’s stock worth $103,062,000 after acquiring an additional 466,273 shares during the last quarter. Hedge funds and other institutional investors own 79.69% of the company’s stock.

KeyCorp Price Performance

KEY opened at $21.07 on Friday. The business has a fifty day moving average of $21.06 and a 200 day moving average of $21.84. The stock has a market cap of $22.49 billion, a P/E ratio of 11.58, a PEG ratio of 0.76 and a beta of 1.08. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.72. KeyCorp has a 52-week low of $16.91 and a 52-week high of $24.07.

KeyCorp (NYSE:KEY – Get Free Report) last released its earnings results on Tuesday, October 20th. The financial services provider reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.05. KeyCorp had a return on equity of 12.06% and a net margin of 18.56%. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter last year, the firm posted $0.41 earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that KeyCorp will post 1.86 EPS for the current year.

Wall Street Analysts Forecast Growth

KEY has been the subject of a number of recent analyst reports. Weiss Ratings cut shares of KeyCorp from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Citigroup reissued a “neutral” rating on shares of KeyCorp in a research report on Tuesday, September 22nd. TD Cowen started coverage on shares of KeyCorp in a research report on Thursday, October 8th. They issued a “buy” rating and a $23.00 price objective on the stock. Wall Street Zen raised shares of KeyCorp from a “sell” rating to a “hold” rating in a research note on Sunday. Finally, Morgan Stanley boosted their target price on KeyCorp from $24.00 to $25.00 and gave the company an “equal weight” rating in a research report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $46.22.

Check Out Our Latest Analysis on KeyCorp

KeyCorp Company Profile

(Free Report)

KeyCorp is a financial services company headquartered in Cleveland, Ohio, and the parent company of KeyBank National Association. Through KeyBank, it provides retail and commercial banking services to individuals, businesses, institutional clients and government entities.

KeyBank’s offerings include checking and savings accounts, consumer lending, mortgages, home equity financing, credit cards, business loans, treasury management and payment services. The company also provides investment banking and capital markets services through KeyBanc Capital Markets, as well as wealth management, investment management and personal financial planning services.

KeyCorp traces its history to 1825, when the institution that became KeyBank was established in Albany, New York.

Further Reading

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Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

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