KeyCorp (NYSE:KEY) Shares Sold by Sigma Planning Corp

Sigma Planning Corp decreased its holdings in shares of KeyCorp (NYSE:KEY) by 52.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 26,527 shares of the financial services provider’s stock after selling 29,105 shares during the period. Sigma Planning Corp’s holdings in KeyCorp were worth $382,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in KEY. Bruce G. Allen Investments LLC acquired a new stake in shares of KeyCorp during the fourth quarter worth $26,000. Sound Income Strategies LLC boosted its holdings in shares of KeyCorp by 3,600.0% during the fourth quarter. Sound Income Strategies LLC now owns 1,887 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,836 shares during the last quarter. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of KeyCorp during the third quarter worth $28,000. Baldwin Brothers LLC MA acquired a new stake in shares of KeyCorp during the fourth quarter worth $35,000. Finally, Creative Financial Designs Inc. ADV boosted its holdings in shares of KeyCorp by 195.2% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,666 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 1,763 shares during the last quarter. Institutional investors and hedge funds own 79.69% of the company’s stock.

KeyCorp Stock Up 0.6 %

NYSE:KEY opened at $14.70 on Friday. The company has a market capitalization of $13.63 billion, a price-to-earnings ratio of 18.61 and a beta of 1.29. KeyCorp has a one year low of $8.53 and a one year high of $15.86. The stock has a 50-day simple moving average of $14.76 and a 200 day simple moving average of $13.54. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.87 and a current ratio of 0.87.

KeyCorp (NYSE:KEY) last posted its earnings results on Thursday, April 18th. The financial services provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. KeyCorp had a net margin of 7.53% and a return on equity of 8.89%. The firm’s revenue for the quarter was down 10.6% compared to the same quarter last year. During the same period last year, the company posted $0.44 earnings per share. Sell-side analysts predict that KeyCorp will post 1.15 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on KEY shares. JPMorgan Chase & Co. increased their target price on KeyCorp from $16.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. Wells Fargo & Company increased their target price on KeyCorp from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Keefe, Bruyette & Woods increased their target price on KeyCorp from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. Morgan Stanley increased their target price on KeyCorp from $12.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Finally, Wedbush cut their target price on KeyCorp from $16.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, January 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.71.

Insider Activity

In other news, insider Angela G. Mago sold 3,405 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $14.24, for a total transaction of $48,487.20. Following the completion of the transaction, the insider now directly owns 214,630 shares of the company’s stock, valued at $3,056,331.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Angela G. Mago sold 3,405 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $14.24, for a total transaction of $48,487.20. Following the completion of the transaction, the insider now directly owns 214,630 shares of the company’s stock, valued at $3,056,331.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Trina M. Evans sold 12,335 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $14.23, for a total value of $175,527.05. Following the transaction, the director now directly owns 81,622 shares of the company’s stock, valued at $1,161,481.06. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,442 shares of company stock valued at $303,914. 0.61% of the stock is currently owned by insiders.

KeyCorp Company Profile

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; commercial leasing, investment management, consumer finance; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses.