KeyCorp $KEY Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC cut its stake in KeyCorp (NYSE:KEY) by 57.3% in the fourth quarter, HoldingsChannel reports. The fund owned 30,761 shares of the financial services provider’s stock after selling 41,250 shares during the period. International Assets Investment Management LLC’s holdings in KeyCorp were worth $635,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Brighton Jones LLC acquired a new stake in shares of KeyCorp during the 4th quarter worth approximately $476,000. Woodline Partners LP grew its position in KeyCorp by 41.4% during the first quarter. Woodline Partners LP now owns 84,156 shares of the financial services provider’s stock valued at $1,346,000 after buying an additional 24,627 shares during the period. EverSource Wealth Advisors LLC grew its position in KeyCorp by 58.0% during the second quarter. EverSource Wealth Advisors LLC now owns 5,148 shares of the financial services provider’s stock valued at $90,000 after buying an additional 1,890 shares during the period. Cresset Asset Management LLC increased its holdings in KeyCorp by 6.5% in the second quarter. Cresset Asset Management LLC now owns 15,097 shares of the financial services provider’s stock valued at $263,000 after buying an additional 926 shares in the last quarter. Finally, Federated Hermes Inc. acquired a new position in shares of KeyCorp in the second quarter worth about $186,000. Hedge funds and other institutional investors own 79.69% of the company’s stock.

KeyCorp Trading Up 0.0%

Shares of KeyCorp stock opened at $21.61 on Monday. The firm has a market capitalization of $23.42 billion, a PE ratio of 13.25, a P/E/G ratio of 0.69 and a beta of 1.06. KeyCorp has a twelve month low of $15.28 and a twelve month high of $23.34. The firm’s 50-day moving average price is $20.72 and its 200 day moving average price is $20.27. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62.

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Morgan Stanley dropped their target price on KeyCorp from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 31st. Wall Street Zen downgraded KeyCorp from a “hold” rating to a “sell” rating in a research report on Saturday. Truist Financial dropped their price objective on KeyCorp from $23.00 to $22.00 and set a “hold” rating on the stock in a report on Monday, March 23rd. Piper Sandler boosted their price objective on KeyCorp from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. Finally, Argus upped their target price on KeyCorp from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Twelve research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $23.18.

KeyCorp Company 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.