KeyCorp $KEY Shares Purchased by Caisse Des Depots ET Consignations

Caisse Des Depots ET Consignations boosted its position in KeyCorp (NYSE:KEY) by 75.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 121,225 shares of the financial services provider’s stock after purchasing an additional 52,011 shares during the period. Caisse Des Depots ET Consignations’ holdings in KeyCorp were worth $2,502,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Prime Capital Investment Advisors LLC lifted its position in KeyCorp by 1.7% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 28,498 shares of the financial services provider’s stock worth $588,000 after purchasing an additional 486 shares during the period. Centennial Wealth Advisory LLC lifted its position in KeyCorp by 1.2% in the fourth quarter. Centennial Wealth Advisory LLC now owns 44,986 shares of the financial services provider’s stock worth $929,000 after purchasing an additional 524 shares during the period. CoreCap Advisors LLC increased its holdings in shares of KeyCorp by 4.6% in the fourth quarter. CoreCap Advisors LLC now owns 12,198 shares of the financial services provider’s stock valued at $252,000 after buying an additional 539 shares in the last quarter. Kingsview Wealth Management LLC increased its holdings in shares of KeyCorp by 2.7% in the third quarter. Kingsview Wealth Management LLC now owns 21,255 shares of the financial services provider’s stock valued at $397,000 after buying an additional 568 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC increased its holdings in shares of KeyCorp by 4.1% in the third quarter. NorthCrest Asset Manangement LLC now owns 15,912 shares of the financial services provider’s stock valued at $293,000 after buying an additional 627 shares in the last quarter. 79.69% of the stock is currently owned by institutional investors and hedge funds.

KeyCorp Price Performance

NYSE KEY opened at $21.89 on Friday. The business’s fifty day moving average is $20.69 and its two-hundred day moving average is $20.13. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 0.83. KeyCorp has a 1 year low of $15.14 and a 1 year high of $23.34. The stock has a market capitalization of $23.49 billion, a P/E ratio of 13.43, a P/E/G ratio of 0.71 and a beta of 1.06.

KeyCorp (NYSE:KEY) last announced its earnings results on Thursday, April 16th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. KeyCorp had a net margin of 17.03% and a return on equity of 10.80%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the previous year, the business earned $0.38 EPS. The company’s revenue was up 10.2% on a year-over-year basis. On average, research analysts forecast that KeyCorp will post 1.82 earnings per share for the current fiscal year.

Insider Transactions at KeyCorp

In other KeyCorp news, insider Andrew J. Paine III sold 65,961 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $23.23, for a total transaction of $1,532,274.03. Following the sale, the insider directly owned 166,583 shares of the company’s stock, valued at $3,869,723.09. The trade was a 28.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on KEY shares. Weiss Ratings raised KeyCorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 25th. Barclays upped their price target on KeyCorp from $20.00 to $24.00 and gave the company an “equal weight” rating in a report on Monday, January 5th. The Goldman Sachs Group upped their price target on KeyCorp from $25.00 to $26.00 and gave the company a “buy” rating in a report on Friday, April 17th. Jefferies Financial Group upped their price target on KeyCorp from $21.00 to $23.00 and gave the company a “hold” rating in a report on Friday, April 17th. Finally, Piper Sandler upped their price target on KeyCorp from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Twelve analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $23.13.

KeyCorp Profile

KeyCorp is a bank holding company headquartered in Cleveland, Ohio, that operates through its primary banking subsidiary, KeyBank. It provides a broad range of banking and financial services to individual consumers, small businesses, middle-market companies and large corporations. KeyBank’s offerings span traditional deposit and lending products as well as more specialized financial solutions designed for commercial and institutional clients.

The company’s product and service mix includes retail banking products such as checking and savings accounts, consumer and residential mortgage lending, and auto financing.