Mn Services Vermogensbeheer B.V. Acquires 3,300 Shares of KeyCorp (KEY)

Mn Services Vermogensbeheer B.V. raised its holdings in KeyCorp (NYSE:KEY) by 0.6% during the 1st quarter, HoldingsChannel reports. The firm owned 582,072 shares of the financial services provider’s stock after purchasing an additional 3,300 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in KeyCorp were worth $9,168,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Alpha Omega Wealth Management LLC purchased a new stake in shares of KeyCorp in the first quarter valued at about $25,000. Bruderman Asset Management LLC purchased a new position in shares of KeyCorp during the fourth quarter valued at approximately $26,000. First Interstate Bank lifted its stake in shares of KeyCorp by 853.0% during the fourth quarter. First Interstate Bank now owns 2,049 shares of the financial services provider’s stock valued at $30,000 after buying an additional 1,834 shares during the period. Executive Wealth Management LLC purchased a new position in shares of KeyCorp during the fourth quarter valued at approximately $36,000. Finally, Lindbrook Capital LLC purchased a new position in shares of KeyCorp during the fourth quarter valued at approximately $41,000. 80.92% of the stock is currently owned by institutional investors.

In other news, insider Angela G. Mago sold 4,162 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $17.33, for a total value of $72,127.46. Following the completion of the sale, the insider now owns 128,464 shares of the company’s stock, valued at $2,226,281.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $541,353.42. Following the completion of the sale, the insider now directly owns 196,478 shares of the company’s stock, valued at approximately $3,412,822.86. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company’s stock.

Several brokerages recently issued reports on KEY. Jefferies Financial Group upped their price objective on shares of KeyCorp from $20.00 to $18.50 and gave the company a “buy” rating in a research note on Monday, May 6th. Scotiabank reissued a “buy” rating and set a $36.00 price objective on shares of KeyCorp in a research note on Friday, February 22nd. Zacks Investment Research downgraded shares of KeyCorp from a “hold” rating to a “sell” rating in a research note on Tuesday, February 26th. ValuEngine raised shares of KeyCorp from a “strong sell” rating to a “sell” rating in a research note on Thursday, April 18th. Finally, Argus reduced their price objective on shares of KeyCorp from $23.00 to $21.00 and set a “buy” rating on the stock in a research note on Tuesday, January 22nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $21.92.

Shares of KEY stock opened at $16.92 on Wednesday. KeyCorp has a one year low of $13.65 and a one year high of $21.91. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.98. The company has a market cap of $16.67 billion, a P/E ratio of 9.78, a P/E/G ratio of 1.17 and a beta of 1.23.

KeyCorp (NYSE:KEY) last issued its quarterly 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). KeyCorp had a return on equity of 13.16% and a net margin of 24.18%. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same period last year, the company posted $0.38 EPS. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. Research analysts anticipate that KeyCorp will post 1.81 EPS for the current year.

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KeyCorp Profile

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.

Further Reading: Blockchain

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Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

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