Dorsey & Whitney Trust CO LLC Has $343,000 Stock Holdings in KeyCorp $KEY

Dorsey & Whitney Trust CO LLC reduced its holdings in KeyCorp (NYSE:KEY) by 19.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 19,682 shares of the financial services provider’s stock after selling 4,713 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in KeyCorp were worth $343,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of KeyCorp by 7.2% in the first quarter. Vanguard Group Inc. now owns 125,345,385 shares of the financial services provider’s stock worth $2,004,273,000 after purchasing an additional 8,412,625 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in KeyCorp by 40.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 50,954,013 shares of the financial services provider’s stock worth $814,756,000 after buying an additional 14,651,281 shares during the period. Fuller & Thaler Asset Management Inc. lifted its holdings in KeyCorp by 12.2% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 30,511,720 shares of the financial services provider’s stock worth $487,882,000 after buying an additional 3,327,972 shares during the period. Geode Capital Management LLC grew its position in shares of KeyCorp by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 24,676,571 shares of the financial services provider’s stock valued at $428,084,000 after buying an additional 359,573 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of KeyCorp by 19.5% in the first quarter. Invesco Ltd. now owns 20,623,929 shares of the financial services provider’s stock valued at $329,777,000 after buying an additional 3,363,421 shares during the period. Institutional investors own 79.69% of the company’s stock.

KeyCorp Trading Up 0.9%

Shares of KEY stock opened at $17.35 on Thursday. KeyCorp has a fifty-two week low of $12.73 and a fifty-two week high of $20.04. 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 50 day simple moving average of $18.03 and a two-hundred day simple moving average of $17.63. The company has a market cap of $18.96 billion, a P/E ratio of 21.42, a PEG ratio of 0.52 and a beta of 1.18.

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

Analysts Set New Price Targets

KEY has been the subject of a number of analyst reports. UBS Group raised their price objective on KeyCorp from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. TD Cowen increased their target price on shares of KeyCorp from $20.00 to $21.00 and gave the company a “hold” rating in a research report on Friday, October 3rd. Wells Fargo & Company raised their price target on shares of KeyCorp from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, October 3rd. Keefe, Bruyette & Woods boosted their price target on shares of KeyCorp from $20.50 to $21.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Finally, Morgan Stanley upped their price objective on shares of KeyCorp from $20.00 to $24.00 and gave the company an “underperform” rating in a research note on Monday, September 29th. Ten equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, KeyCorp has an average rating of “Hold” and a consensus target price of $20.75.

Insider Transactions at KeyCorp

In related news, insider Andrew J. Paine III sold 44,953 shares of the stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $19.29, for a total value of $867,143.37. Following the transaction, the insider directly owned 245,044 shares in the company, valued at $4,726,898.76. This trade represents a 15.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.52% of the company’s stock.

About KeyCorp

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.