KeyCorp (KEY) Shares Bought by Tokio Marine Asset Management Co. Ltd.
Tokio Marine Asset Management Co. Ltd. increased its position in shares of KeyCorp (NYSE:KEY) by 4.5% during the second quarter, Holdings Channel reports. The fund owned 32,496 shares of the financial services provider’s stock after buying an additional 1,393 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in KeyCorp were worth $359,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of KEY. Regentatlantic Capital LLC bought a new stake in KeyCorp during the second quarter worth about $134,000. QUANTRES ASSET MANAGEMENT Ltd increased its stake in KeyCorp by 9.1% in the second quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 18,000 shares of the financial services provider’s stock worth $199,000 after buying an additional 1,500 shares during the last quarter. LGL Partners LLC bought a new stake in KeyCorp during the first quarter worth about $238,000. Fox Run Management L.L.C. increased its stake in KeyCorp by 14.5% in the second quarter. Fox Run Management L.L.C. now owns 28,500 shares of the financial services provider’s stock worth $315,000 after buying an additional 3,600 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new stake in KeyCorp during the first quarter worth about $335,000. Institutional investors own 66.25% of the company’s stock.
Shares of KeyCorp (NYSE:KEY) traded down 0.31% during midday trading on Wednesday, hitting $12.70. 18,575,907 shares of the stock were exchanged. The stock’s 50 day moving average is $12.36 and its 200 day moving average is $11.95. KeyCorp has a 12-month low of $9.88 and a 12-month high of $14.01. The firm has a market cap of $13.74 billion, a P/E ratio of 13.13 and a beta of 1.21.
KeyCorp (NYSE:KEY) last released its earnings results on Tuesday, July 26th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.27. KeyCorp had a net margin of 17.81% and a return on equity of 8.46%. The company earned $1.07 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the firm earned $0.27 EPS. The company’s revenue was down .1% compared to the same quarter last year. On average, equities research analysts forecast that KeyCorp will post $1.06 earnings per share for the current fiscal year.
KEY has been the subject of a number of research reports. Jefferies Group reiterated a “buy” rating and set a $14.00 price target (down from $14.50) on shares of KeyCorp in a research report on Wednesday, July 27th. Citigroup Inc. reiterated a “buy” rating on shares of KeyCorp in a research report on Wednesday, June 29th. Nomura restated a “buy” rating and set a $12.00 price objective on shares of KeyCorp in a research report on Sunday, July 10th. Credit Suisse Group AG restated a “buy” rating on shares of KeyCorp in a research report on Monday, July 11th. Finally, BMO Capital Markets restated a “buy” rating and set a $15.00 price objective on shares of KeyCorp in a research report on Wednesday, July 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. KeyCorp has an average rating of “Buy” and a consensus price target of $14.39.
KeyCorp is a bank holding company. The Bank operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, the Company provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, commercial mortgage servicing and special servicing, and investment banking products and services to individual, corporate and institutional clients.
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