21,080 Shares in KeyCorp $KEY Bought by Asahi Life Asset Management CO. LTD.

Asahi Life Asset Management CO. LTD. acquired a new stake in shares of KeyCorp (NYSE:KEY) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 21,080 shares of the financial services provider’s stock, valued at approximately $367,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Dakota Wealth Management lifted its holdings in KeyCorp by 2.2% during the second quarter. Dakota Wealth Management now owns 27,374 shares of the financial services provider’s stock valued at $477,000 after purchasing an additional 586 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV lifted its holdings in KeyCorp by 2.9% during the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 22,412 shares of the financial services provider’s stock valued at $389,000 after purchasing an additional 639 shares in the last quarter. AlphaCore Capital LLC lifted its holdings in KeyCorp by 5.2% during the first quarter. AlphaCore Capital LLC now owns 13,238 shares of the financial services provider’s stock valued at $212,000 after purchasing an additional 651 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in KeyCorp by 34.0% during the first quarter. SBI Securities Co. Ltd. now owns 2,644 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 671 shares in the last quarter. Finally, Amalgamated Bank lifted its holdings in KeyCorp by 0.4% during the second quarter. Amalgamated Bank now owns 187,940 shares of the financial services provider’s stock valued at $3,274,000 after purchasing an additional 683 shares in the last quarter. 79.69% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Andrew J. Paine III sold 44,953 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $19.29, for a total transaction of $867,143.37. Following the completion of the sale, the insider owned 245,044 shares in the company, valued at approximately $4,726,898.76. The trade was a 15.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.52% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. DA Davidson decreased their price target on shares of KeyCorp from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, October 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of KeyCorp in a research note on Friday, October 31st. Truist Financial decreased their price target on shares of KeyCorp from $20.00 to $19.00 and set a “hold” rating on the stock in a research note on Friday, October 17th. Royal Bank Of Canada raised their price target on shares of KeyCorp from $19.00 to $20.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Finally, Morgan Stanley raised their price objective on shares of KeyCorp from $20.00 to $24.00 and gave the stock an “underperform” rating in a research report on Monday, September 29th. Ten equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $20.75.

KeyCorp Trading Up 1.1%

Shares of KEY stock opened at $17.50 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market capitalization of $19.19 billion, a P/E ratio of 21.60, a price-to-earnings-growth ratio of 0.52 and a beta of 1.15. The company has a 50 day moving average price of $18.33 and a 200 day moving average price of $17.42. KeyCorp has a fifty-two week low of $12.73 and a fifty-two week high of $20.04.

KeyCorp (NYSE:KEY) last announced its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.87 billion. KeyCorp had a net margin of 10.08% and a return on equity of 10.14%. The business’s quarterly revenue was up 172.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.47) earnings per share. Equities research analysts predict that KeyCorp will post 1.5 EPS for the current fiscal year.

KeyCorp 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.