KeyCorp (NYSE:KEY) Shares Bought by Brighton Jones LLC

Brighton Jones LLC grew its stake in shares of KeyCorp (NYSE:KEY) by 23.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,779 shares of the financial services provider’s stock after purchasing an additional 3,005 shares during the quarter. Brighton Jones LLC’s holdings in KeyCorp were worth $227,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its holdings in KeyCorp by 8.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 273,010 shares of the financial services provider’s stock worth $3,931,000 after purchasing an additional 21,395 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in KeyCorp by 35.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 329,655 shares of the financial services provider’s stock worth $4,747,000 after purchasing an additional 86,579 shares in the last quarter. Miller Howard Investments Inc. NY acquired a new stake in KeyCorp during the fourth quarter worth approximately $7,200,000. Fifth Third Bancorp raised its holdings in KeyCorp by 1.0% during the fourth quarter. Fifth Third Bancorp now owns 237,934 shares of the financial services provider’s stock worth $3,426,000 after purchasing an additional 2,344 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in KeyCorp by 44.1% during the fourth quarter. Raymond James & Associates now owns 1,610,148 shares of the financial services provider’s stock worth $23,186,000 after purchasing an additional 492,584 shares in the last quarter. Institutional investors and hedge funds own 79.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on KEY shares. Wells Fargo & Company lifted their target price on shares of KeyCorp from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Keefe, Bruyette & Woods lifted their target price on shares of KeyCorp from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, April 5th. Barclays cut their target price on shares of KeyCorp from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Friday, January 19th. Royal Bank of Canada lifted their target price on shares of KeyCorp from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Friday, April 19th. Finally, Raymond James started coverage on shares of KeyCorp in a report on Monday, January 8th. They issued a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, KeyCorp presently has an average rating of “Moderate Buy” and an average target price of $15.71.

KeyCorp Price Performance

Shares of NYSE KEY opened at $14.93 on Friday. The firm has a market capitalization of $13.84 billion, a P/E ratio of 18.89 and a beta of 1.28. KeyCorp has a one year low of $8.53 and a one year high of $15.86. The company’s fifty day moving average is $14.80 and its two-hundred day moving average is $13.65. 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 issued 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 analysts’ expectations of $1.51 billion. KeyCorp had a return on equity of 8.89% and a net margin of 7.53%. KeyCorp’s revenue for the quarter was down 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 earnings per share. Analysts forecast that KeyCorp will post 1.15 EPS for the current fiscal year.

Insiders Place Their Bets

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