Executive Wealth Management LLC Takes $36,000 Position in KeyCorp (KEY)

Executive Wealth Management LLC acquired a new position in shares of KeyCorp (NYSE:KEY) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,468 shares of the financial services provider’s stock, valued at approximately $36,000.

Several other institutional investors also recently made changes to their positions in KEY. Bruderman Asset Management LLC bought a new stake in shares of KeyCorp in the fourth quarter valued at about $26,000. First Interstate Bank lifted its holdings in shares of KeyCorp by 853.0% in the fourth quarter. First Interstate Bank now owns 2,049 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 1,834 shares in the last quarter. Lindbrook Capital LLC bought a new stake in shares of KeyCorp in the fourth quarter valued at about $41,000. Doyle Wealth Management bought a new stake in shares of KeyCorp in the fourth quarter valued at about $42,000. Finally, JOYN Advisors Inc. raised its holdings in KeyCorp by 27.6% during the fourth quarter. JOYN Advisors Inc. now owns 4,031 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 871 shares in the last quarter. 82.52% of the stock is owned by institutional investors and hedge funds.

Shares of KeyCorp stock traded down $0.38 on Friday, hitting $16.79. The stock had a trading volume of 19,536,454 shares, compared to its average volume of 14,529,565. KeyCorp has a twelve month low of $13.65 and a twelve month high of $21.91. The company has a current ratio of 0.90, a quick ratio of 0.88 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $16.82 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 1.17 and a beta of 1.20.

KeyCorp (NYSE:KEY) last posted its earnings results on Thursday, April 18th. The financial services provider reported $0.40 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.02). The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.60 billion. KeyCorp had a net margin of 24.18% and a return on equity of 13.16%. KeyCorp’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 EPS. As a group, equities research analysts predict that KeyCorp will post 1.84 earnings per share for the current fiscal year.

Several analysts recently issued reports on KEY shares. ValuEngine upgraded KeyCorp from a “strong sell” rating to a “sell” rating in a report on Thursday. Sandler O’Neill upgraded KeyCorp from a “hold” rating to a “buy” rating and upped their target price for the stock from $16.50 to $19.00 in a report on Friday, January 11th. Argus lowered their price target on KeyCorp from $23.00 to $21.00 and set a “buy” rating on the stock in a research report on Tuesday, January 22nd. Zacks Investment Research downgraded KeyCorp from a “hold” rating to a “sell” rating in a research report on Monday, February 18th. Finally, BMO Capital Markets downgraded KeyCorp from an “outperform” rating to a “market perform” rating and set a $17.00 price target on the stock. in a research report on Friday, January 18th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $22.46.

In related news, insider Robert A. Deangelis sold 31,166 shares of the stock in a transaction on Friday, February 15th. The stock was sold at an average price of $17.37, for a total value of $541,353.42. Following the completion of the sale, the insider now directly owns 196,478 shares in the company, valued at $3,412,822.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Angela G. Mago sold 4,162 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $17.33, for a total value of $72,127.46. Following the sale, the insider now owns 128,464 shares of the company’s stock, valued at $2,226,281.12. The disclosure for this sale can be found here. Insiders own 0.08% of the company’s stock.

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About KeyCorp

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company's Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans.

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Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

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