RIA Advisory Group LLC Purchases Shares of 6,203 KeyCorp (NYSE:KEY)

RIA Advisory Group LLC purchased a new stake in shares of KeyCorp (NYSE:KEY) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,203 shares of the financial services provider’s stock, valued at approximately $89,000.

A number of other institutional investors have also bought and sold shares of KEY. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of KeyCorp by 2.1% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 26,413 shares of the financial services provider’s stock worth $460,000 after purchasing an additional 540 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in KeyCorp by 2.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 24,363 shares of the financial services provider’s stock valued at $424,000 after acquiring an additional 584 shares in the last quarter. BOKF NA lifted its position in KeyCorp by 3.4% in the 4th quarter. BOKF NA now owns 20,170 shares of the financial services provider’s stock valued at $351,000 after acquiring an additional 665 shares in the last quarter. Cetera Investment Advisers lifted its position in KeyCorp by 4.1% in the 1st quarter. Cetera Investment Advisers now owns 18,427 shares of the financial services provider’s stock valued at $412,000 after acquiring an additional 720 shares in the last quarter. Finally, Cornerstone Wealth Management LLC lifted its position in KeyCorp by 6.3% in the 4th quarter. Cornerstone Wealth Management LLC now owns 12,337 shares of the financial services provider’s stock valued at $178,000 after acquiring an additional 732 shares in the last quarter. Institutional investors own 79.69% of the company’s stock.

Analyst Upgrades and Downgrades

KEY has been the topic of several recent research reports. Royal Bank of Canada raised their price target on shares of KeyCorp from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Friday. Wells Fargo & Company increased their price objective on shares of KeyCorp from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Morgan Stanley increased their price objective on shares of KeyCorp from $12.00 to $16.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. Raymond James started coverage on shares of KeyCorp in a research note on Monday, January 8th. They issued a “market perform” rating for the company. Finally, Wedbush decreased their price objective on shares of KeyCorp from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, January 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, KeyCorp currently has an average rating of “Moderate Buy” and an average price target of $15.71.

Insider Buying and Selling at KeyCorp

In other news, Director Trina M. Evans sold 12,335 shares of KeyCorp stock in a transaction on Monday, February 12th. The shares were sold at an average price of $14.23, for a total transaction of $175,527.05. Following the completion of the sale, the director now directly owns 81,622 shares of the company’s stock, valued at approximately $1,161,481.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Douglas M. Schosser sold 3,326 shares of KeyCorp stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $14.00, for a total value of $46,564.00. Following the transaction, the chief accounting officer now owns 19,795 shares in the company, valued at approximately $277,130. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Trina M. Evans sold 12,335 shares of KeyCorp 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 completion of the transaction, the director now owns 81,622 shares in the company, valued at approximately $1,161,481.06. The disclosure for this sale can be found here. Insiders sold a total of 21,442 shares of company stock valued at $303,914 in the last three months. Company insiders own 0.61% of the company’s stock.

KeyCorp Stock Up 1.7 %

Shares of NYSE:KEY opened at $14.63 on Friday. The firm has a fifty day moving average price of $14.69 and a two-hundred day moving average price of $13.38. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.87 and a quick ratio of 0.86. KeyCorp has a one year low of $8.53 and a one year high of $15.86. The company has a market cap of $13.57 billion, a price-to-earnings ratio of 18.52 and a beta of 1.29.

KeyCorp (NYSE:KEY) last announced its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.20 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.03). KeyCorp had a net margin of 7.53% and a return on equity of 8.89%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the business earned $0.44 earnings per share. The firm’s revenue for the quarter was down 10.6% on a year-over-year basis. Analysts anticipate that KeyCorp will post 1.17 EPS for the current fiscal year.

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.