KeyCorp $KEY Shares Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC grew its holdings in KeyCorp (NYSE:KEY) by 27.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 122,834 shares of the financial services provider’s stock after buying an additional 26,558 shares during the quarter. Yousif Capital Management LLC’s holdings in KeyCorp were worth $2,465,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Bank of Nova Scotia purchased a new position in shares of KeyCorp during the second quarter valued at approximately $3,636,436,000. BlackRock Inc. bought a new position in shares of KeyCorp during the second quarter valued at approximately $2,039,113,000. State Street Corp raised its holdings in shares of KeyCorp by 9.0% during the second quarter. State Street Corp now owns 51,368,660 shares of the financial services provider’s stock valued at $1,184,048,000 after acquiring an additional 4,238,225 shares in the last quarter. Deutsche Bank AG bought a new position in shares of KeyCorp during the second quarter valued at approximately $380,244,000. Finally, North Reef Capital Management LP bought a new position in shares of KeyCorp during the first quarter valued at approximately $253,632,000. 79.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on KEY shares. Wall Street Zen raised shares of KeyCorp from a “sell” rating to a “hold” rating in a research report on Sunday. DA Davidson raised their target price on shares of KeyCorp from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, October 21st. Truist Financial dropped their target price on shares of KeyCorp from $24.00 to $23.00 and set a “hold” rating for the company in a research report on Wednesday, September 23rd. UBS Group cut their target price on shares of KeyCorp from $27.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. Finally, Evercore reiterated an “outperform” rating and set a $24.00 price target on shares of KeyCorp in a research report on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, KeyCorp has a consensus rating of “Moderate Buy” and a consensus target price of $46.22.

KeyCorp Trading Down 0.3%

KEY opened at $21.14 on Wednesday. The stock has a fifty day simple moving average of $21.00 and a two-hundred day simple moving average of $21.54. KeyCorp has a 12-month low of $16.91 and a 12-month high of $24.07.

KeyCorp (NYSE:KEY) last announced its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.46 by $0.05. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the prior year, the business posted $0.41 EPS. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. Research analysts forecast that KeyCorp will post 1.86 earnings per share for the current fiscal year.

KeyCorp Company Profile

KeyCorp is a financial services company headquartered in Cleveland, Ohio, and the parent company of KeyBank National Association. Through KeyBank, it provides retail and commercial banking services to individuals, businesses, institutional clients and government entities.

KeyBank’s offerings include checking and savings accounts, consumer lending, mortgages, home equity financing, credit cards, business loans, treasury management and payment services. The company also provides investment banking and capital markets services through KeyBanc Capital Markets, as well as wealth management, investment management and personal financial planning services.

KeyCorp traces its history to 1825, when the institution that became KeyBank was established in Albany, New York.