Bbva Compass Bancshares Inc. lowered its position in shares of KeyCorp (NYSE:KEY) by 4.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 64,127 shares of the financial services provider’s stock after selling 3,183 shares during the quarter. Bbva Compass Bancshares Inc.’s holdings in KeyCorp were worth $1,207,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Meeder Asset Management Inc. grew its holdings in KeyCorp by 78.0% during the third quarter. Meeder Asset Management Inc. now owns 56,046 shares of the financial services provider’s stock valued at $1,055,000 after purchasing an additional 24,554 shares during the period. Trust Co. of Toledo NA OH grew its holdings in KeyCorp by 0.4% during the second quarter. Trust Co. of Toledo NA OH now owns 42,951 shares of the financial services provider’s stock valued at $805,000 after purchasing an additional 178 shares during the period. Flippin Bruce & Porter Inc. grew its holdings in KeyCorp by 3.9% during the second quarter. Flippin Bruce & Porter Inc. now owns 451,881 shares of the financial services provider’s stock valued at $8,468,000 after purchasing an additional 17,103 shares during the period. Greenwood Capital Associates LLC grew its holdings in KeyCorp by 1.3% during the second quarter. Greenwood Capital Associates LLC now owns 41,874 shares of the financial services provider’s stock valued at $785,000 after purchasing an additional 534 shares during the period. Finally, BlackRock Inc. grew its holdings in KeyCorp by 2.7% during the second quarter. BlackRock Inc. now owns 86,694,342 shares of the financial services provider’s stock valued at $1,624,654,000 after purchasing an additional 2,280,450 shares during the period. Hedge funds and other institutional investors own 81.22% of the company’s stock.

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KeyCorp (NYSE KEY) traded up $0.08 during midday trading on Friday, reaching $18.51. 8,550,000 shares of the company’s stock traded hands, compared to its average volume of 11,130,000. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.90 and a quick ratio of 0.89. KeyCorp has a 1 year low of $13.85 and a 1 year high of $19.53. The company has a market capitalization of $19.91 billion, a price-to-earnings ratio of 13.97, a P/E/G ratio of 1.67 and a beta of 1.10.

KeyCorp (NYSE:KEY) last posted its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. KeyCorp had a net margin of 18.69% and a return on equity of 10.35%. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same period in the prior year, the firm posted $0.30 earnings per share. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. sell-side analysts expect that KeyCorp will post 1.38 EPS for the current fiscal year.

A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of KeyCorp from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Tuesday, July 11th. Keefe, Bruyette & Woods upgraded shares of KeyCorp from a “market perform” rating to an “outperform” rating and set a $21.00 price target for the company in a report on Monday, July 10th. Instinet reiterated a “buy” rating and issued a $23.00 price target on shares of KeyCorp in a report on Wednesday, July 12th. UBS Group AG (USA) upgraded shares of KeyCorp from a “neutral” rating to a “buy” rating and upped their price target for the company from $19.00 to $22.00 in a report on Monday, July 10th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $21.00 price target on shares of KeyCorp in a report on Friday, July 14th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $20.53.

In related news, Director Ruth Ann M. Gillis acquired 2,000 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were bought at an average cost of $17.91 per share, with a total value of $35,820.00. Following the completion of the transaction, the director now directly owns 10,551 shares of the company’s stock, valued at $188,968.41. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Amy G. Brady sold 18,000 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $18.42, for a total transaction of $331,560.00. The disclosure for this sale can be found here. Insiders have sold 72,612 shares of company stock worth $1,344,704 over the last ninety days. Insiders own 0.65% of the company’s stock.

KeyCorp Company Profile

KeyCorp is a bank holding company. The Company is a bank-based financial services company. The Company operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, it provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, and investment banking products and services to individual, corporate and institutional clients.

Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

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