Teacher Retirement System of Texas reduced its stake in KeyCorp (NYSE:KEY) by 7.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,594,245 shares of the financial services provider’s stock after selling 131,875 shares during the period. Teacher Retirement System of Texas owned 0.15% of KeyCorp worth $30,004,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of KEY. Boston Partners acquired a new stake in shares of KeyCorp in the 3rd quarter worth approximately $356,111,000. Janus Henderson Group PLC lifted its stake in KeyCorp by 6,189.4% during the second quarter. Janus Henderson Group PLC now owns 9,107,724 shares of the financial services provider’s stock valued at $170,679,000 after purchasing an additional 8,962,913 shares during the last quarter. Vanguard Group Inc. lifted its stake in KeyCorp by 3.9% during the second quarter. Vanguard Group Inc. now owns 111,418,810 shares of the financial services provider’s stock valued at $2,087,987,000 after purchasing an additional 4,230,390 shares during the last quarter. Samlyn Capital LLC acquired a new stake in KeyCorp during the second quarter valued at approximately $57,111,000. Finally, Victory Capital Management Inc. lifted its stake in KeyCorp by 561.7% during the second quarter. Victory Capital Management Inc. now owns 2,954,024 shares of the financial services provider’s stock valued at $55,358,000 after purchasing an additional 2,507,628 shares during the last quarter. 82.97% of the stock is owned by institutional investors.
KeyCorp (NYSE:KEY) traded up $0.28 during trading on Tuesday, reaching $17.92. 8,339,900 shares of the company’s stock traded hands, compared to its average volume of 10,931,594. The firm has a market cap of $18,970.05, a price-to-earnings ratio of 13.36, a PEG ratio of 1.60 and a beta of 1.10. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 1.06. KeyCorp has a 1 year low of $16.28 and a 1 year high of $19.53.
KeyCorp (NYSE:KEY) last released its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.35 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. KeyCorp had a net margin of 18.69% and a return on equity of 10.35%. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 EPS. research analysts expect that KeyCorp will post 1.38 EPS for the current fiscal year.
KEY has been the subject of several recent research reports. Sanford C. Bernstein reissued an “outperform” rating and set a $22.00 target price on shares of KeyCorp in a research note on Wednesday, September 27th. BMO Capital Markets reissued a “buy” rating and set a $22.00 target price on shares of KeyCorp in a research note on Thursday, July 27th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of KeyCorp in a research note on Friday, October 20th. Zacks Investment Research lowered shares of KeyCorp from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $21.00 target price on shares of KeyCorp in a research note on Friday, July 28th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $20.82.
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In other KeyCorp news, insider Andrew J. Paine III sold 46,854 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $18.56, for a total value of $869,610.24. Following the transaction, the insider now owns 110,052 shares in the company, valued at approximately $2,042,565.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Carlton L. Highsmith sold 7,600 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $18.39, for a total transaction of $139,764.00. Following the completion of the transaction, the director now owns 68,725 shares in the company, valued at approximately $1,263,852.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,212 shares of company stock worth $1,060,508. Company 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.
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