TRUE Private Wealth Advisors Acquires 2,380 Shares of KeyCorp (NYSE:KEY)

TRUE Private Wealth Advisors grew its holdings in KeyCorp (NYSE:KEY) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 80,580 shares of the financial services provider’s stock after acquiring an additional 2,380 shares during the period. TRUE Private Wealth Advisors’ holdings in KeyCorp were worth $1,160,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cetera Advisor Networks LLC increased its stake in shares of KeyCorp by 37.9% in the first quarter. Cetera Advisor Networks LLC now owns 12,740 shares of the financial services provider’s stock worth $285,000 after purchasing an additional 3,504 shares in the last quarter. Sei Investments Co. increased its stake in shares of KeyCorp by 12.9% in the first quarter. Sei Investments Co. now owns 1,183,502 shares of the financial services provider’s stock worth $26,543,000 after purchasing an additional 135,193 shares in the last quarter. Aviva PLC increased its stake in shares of KeyCorp by 177.0% in the first quarter. Aviva PLC now owns 525,009 shares of the financial services provider’s stock worth $11,750,000 after purchasing an additional 335,457 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of KeyCorp in the first quarter worth $38,000. Finally, Allianz Asset Management GmbH increased its stake in shares of KeyCorp by 10.6% in the first quarter. Allianz Asset Management GmbH now owns 212,557 shares of the financial services provider’s stock worth $4,757,000 after purchasing an additional 20,384 shares in the last quarter. 79.69% of the stock is currently owned by institutional investors.

Insider Transactions at KeyCorp

In other news, insider Kenneth C. Gavrity sold 2,376 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were 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 owns 98,120 shares in the company, valued at approximately $1,376,623.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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. Also, insider Kenneth C. Gavrity sold 2,376 shares of KeyCorp stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $14.03, for a total transaction of $33,335.28. Following the sale, the insider now owns 98,120 shares of the company’s stock, valued at approximately $1,376,623.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,442 shares of company stock worth $303,914. 0.67% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on KEY shares. Jefferies Financial Group increased their price objective on shares of KeyCorp from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Evercore ISI increased their price objective on shares of KeyCorp from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Barclays cut their target price on shares of KeyCorp from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Friday, January 19th. Wedbush cut their target price on shares of KeyCorp from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, January 19th. Finally, JPMorgan Chase & Co. raised their target price on shares of KeyCorp from $16.00 to $18.00 and gave the company a “neutral” rating in a research note on Thursday, April 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $15.53.

KeyCorp Price Performance

KEY stock traded down $0.21 during trading on Wednesday, hitting $14.22. 13,134,308 shares of the company’s stock traded hands, compared to its average volume of 10,007,049. KeyCorp has a 52 week low of $8.53 and a 52 week high of $15.86. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.86 and a current ratio of 0.86. The business has a fifty day simple moving average of $14.65 and a 200 day simple moving average of $13.34. The stock has a market capitalization of $13.19 billion, a price-to-earnings ratio of 15.97 and a beta of 1.29.

KeyCorp (NYSE:KEY) last released its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.53 billion. KeyCorp had a net margin of 8.61% and a return on equity of 10.63%. During the same quarter last year, the business earned $0.38 earnings per share. As a group, research analysts expect that KeyCorp will post 1.17 EPS for the current fiscal year.

KeyCorp Company 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.