Ninety One SA Pty Ltd Sells 430,088 Shares of KeyCorp $KEY

Ninety One SA Pty Ltd decreased its holdings in shares of KeyCorp (NYSE:KEY) by 98.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,578 shares of the financial services provider’s stock after selling 430,088 shares during the period. Ninety One SA Pty Ltd’s holdings in KeyCorp were worth $173,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in KEY. Krilogy Financial LLC lifted its position in KeyCorp by 7.0% in the 3rd quarter. Krilogy Financial LLC now owns 10,927 shares of the financial services provider’s stock valued at $220,000 after acquiring an additional 713 shares in the last quarter. Lineweaver Wealth Advisors LLC boosted its stake in KeyCorp by 17.1% during the 3rd quarter. Lineweaver Wealth Advisors LLC now owns 10,740 shares of the financial services provider’s stock valued at $216,000 after purchasing an additional 1,568 shares during the last quarter. Sax Wealth Advisors LLC increased its holdings in KeyCorp by 14.2% during the 3rd quarter. Sax Wealth Advisors LLC now owns 26,539 shares of the financial services provider’s stock worth $533,000 after purchasing an additional 3,302 shares in the last quarter. GK Wealth Management LLC bought a new stake in KeyCorp during the 3rd quarter worth approximately $30,000. Finally, Wedmont Private Capital increased its holdings in KeyCorp by 6.0% during the 3rd quarter. Wedmont Private Capital now owns 25,570 shares of the financial services provider’s stock worth $514,000 after purchasing an additional 1,448 shares in the last quarter. 79.69% of the stock is owned by institutional investors.

KeyCorp Stock Performance

NYSE KEY traded up $0.28 during trading hours on Thursday, reaching $20.07. 12,183,990 shares of the company were exchanged, compared to its average volume of 13,587,629. KeyCorp has a 1 year low of $16.47 and a 1 year high of $24.07. The business’s 50 day simple moving average is $21.38 and its 200-day simple moving average is $21.82. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $21.42 billion, a P/E ratio of 11.67, a P/E/G ratio of 0.75 and a beta of 1.08.

KeyCorp (NYSE:KEY) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.97 billion. KeyCorp had a net margin of 17.83% and a return on equity of 11.23%. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 earnings per share. On average, equities research analysts expect that KeyCorp will post 1.83 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on KEY. Wells Fargo & Company increased their price objective on KeyCorp from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Citigroup reaffirmed a “neutral” rating on shares of KeyCorp in a research report on Tuesday, September 22nd. Robert W. Baird lifted their target price on KeyCorp from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Truist Financial decreased their price target on KeyCorp from $24.00 to $23.00 and set a “hold” rating for the company in a report on Wednesday, September 23rd. Finally, TD Cowen started coverage on shares of KeyCorp in a report on Thursday, October 8th. They set a “buy” rating and a $23.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, KeyCorp presently has an average rating of “Moderate Buy” and an average price target of $46.33.

KeyCorp Profile

KeyCorp (NYSE:KEY) is a financial services company headquartered in Cleveland, Ohio, and the parent company of KeyBank National Association. Through KeyBank, the company provides banking and financial services to individuals, families, businesses, institutions and government entities.

KeyBank’s offerings include consumer and business deposit accounts, residential and commercial lending, mortgage and home equity products, credit cards, payments services, treasury management, wealth management and investment services.