Candriam S.C.A. Purchases 31,176 Shares of KeyCorp $KEY

Candriam S.C.A. purchased a new position in KeyCorp (NYSE:KEY) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 31,176 shares of the financial services provider’s stock, valued at approximately $628,000.

Other institutional investors also recently modified their holdings of the company. N.E.W. Advisory Services LLC bought a new position in shares of KeyCorp during the second quarter valued at approximately $30,000. Silvant Capital Management LLC purchased a new position in shares of KeyCorp during the second quarter valued at approximately $30,000. GK Wealth Management LLC purchased a new position in shares of KeyCorp during the third quarter valued at approximately $30,000. Keating Financial Advisory Services Inc. bought a new stake in shares of KeyCorp in the 2nd quarter worth approximately $31,000. Finally, Western Wealth Management LLC bought a new stake in shares of KeyCorp in the 1st quarter worth approximately $40,000. 79.69% of the stock is currently owned by institutional investors.

Insider Activity at KeyCorp

In other KeyCorp news, insider Andrew Paine, III sold 39,130 shares of the firm’s stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $21.20, for a total transaction of $829,556.00. Following the sale, the insider owned 191,571 shares in the company, valued at approximately $4,061,305.20. This trade represents a 16.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.56% of the stock is owned by company insiders.

KeyCorp Price Performance

NYSE KEY opened at $21.45 on Thursday. The stock has a market capitalization of $22.66 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 0.76 and a beta of 1.07. KeyCorp has a 1-year low of $16.91 and a 1-year high of $24.07. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.84 and a quick ratio of 0.83. The business’s fifty day moving average price is $20.85 and its 200-day moving average price is $21.55.

KeyCorp (NYSE:KEY) last issued its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.46 by $0.05. KeyCorp had a return on equity of 12.06% and a net margin of 18.56%. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the previous year, the company posted $0.41 earnings per share. KeyCorp’s revenue was up 8.3% compared to the same quarter last year. On average, equities analysts predict that KeyCorp will post 1.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KEY. UBS Group lowered their price objective on KeyCorp from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Monday, October 5th. Robert W. Baird increased their target price on KeyCorp from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. Wall Street Zen raised KeyCorp from a “sell” rating to a “hold” rating in a research note on Sunday, October 25th. Keefe, Bruyette & Woods raised their price target on KeyCorp from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Finally, Argus raised KeyCorp to a “strong-buy” rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, KeyCorp has a consensus rating of “Moderate Buy” and an average target price of $46.25.

KeyCorp Profile

KeyCorp is a bank holding company headquartered in Cleveland, Ohio, and the parent of KeyBank National Association. KeyBank traces its history to 1825 and serves consumers, businesses, and institutions through banking and financial services. The company’s offerings include consumer and small-business banking, commercial lending, treasury and payment services, investment banking, and wealth management. Its commercial and investment banking services are also available to clients beyond its retail branch footprint.