Danske Bank A S Purchases 136,312 Shares of KeyCorp $KEY

Danske Bank A S increased its stake in KeyCorp (NYSE:KEY) by 35.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 518,031 shares of the financial services provider’s stock after purchasing an additional 136,312 shares during the period. Danske Bank A S’s holdings in KeyCorp were worth $10,692,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of KEY. Prime Capital Investment Advisors LLC boosted its stake in shares of KeyCorp by 1.7% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 28,498 shares of the financial services provider’s stock valued at $588,000 after purchasing an additional 486 shares during the last quarter. Centennial Wealth Advisory LLC boosted its stake in shares of KeyCorp by 1.2% in the 4th quarter. Centennial Wealth Advisory LLC now owns 44,986 shares of the financial services provider’s stock valued at $929,000 after purchasing an additional 524 shares during the last quarter. CoreCap Advisors LLC boosted its stake in KeyCorp by 4.6% in the fourth quarter. CoreCap Advisors LLC now owns 12,198 shares of the financial services provider’s stock valued at $252,000 after acquiring an additional 539 shares during the last quarter. Kingsview Wealth Management LLC boosted its stake in KeyCorp by 2.7% in the third quarter. Kingsview Wealth Management LLC now owns 21,255 shares of the financial services provider’s stock valued at $397,000 after acquiring an additional 568 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC boosted its stake in KeyCorp by 4.1% in the third quarter. NorthCrest Asset Manangement LLC now owns 15,912 shares of the financial services provider’s stock valued at $293,000 after acquiring an additional 627 shares during the last quarter. Institutional investors own 79.69% of the company’s stock.

Insider Transactions at KeyCorp

In other news, insider Andrew J. Paine III sold 65,961 shares of KeyCorp stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $23.23, for a total transaction of $1,532,274.03. Following the transaction, the insider owned 166,583 shares in the company, valued at $3,869,723.09. The trade was a 28.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.56% of the company’s stock.

KeyCorp Trading Down 1.0%

Shares of NYSE KEY opened at $21.66 on Tuesday. The company’s fifty day moving average is $20.69 and its 200-day moving average is $20.16. The stock has a market cap of $23.23 billion, a price-to-earnings ratio of 13.29, a P/E/G ratio of 0.70 and a beta of 1.06. KeyCorp has a twelve month low of $15.16 and a twelve month high of $23.34. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.62.

KeyCorp (NYSE:KEY) last announced its quarterly earnings results on Thursday, April 16th. The financial services provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.93 billion. KeyCorp had a net margin of 17.03% and a return on equity of 10.80%. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the firm posted $0.38 earnings per share. Equities research analysts predict that KeyCorp will post 1.82 EPS for the current year.

Analyst Ratings Changes

Several analysts have commented on KEY shares. Argus upped their target price on shares of KeyCorp from $21.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Piper Sandler upped their target price on shares of KeyCorp from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. Royal Bank Of Canada upped their target price on shares of KeyCorp from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. TD Cowen restated a “buy” rating on shares of KeyCorp in a report on Wednesday, January 7th. Finally, Morgan Stanley reduced their target price on KeyCorp from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 31st. Twelve analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, KeyCorp currently has an average rating of “Moderate Buy” and an average target price of $23.18.

KeyCorp Profile

KeyCorp is a bank holding company headquartered in Cleveland, Ohio, that operates through its primary banking subsidiary, KeyBank. It provides a broad range of banking and financial services to individual consumers, small businesses, middle-market companies and large corporations. KeyBank’s offerings span traditional deposit and lending products as well as more specialized financial solutions designed for commercial and institutional clients.

The company’s product and service mix includes retail banking products such as checking and savings accounts, consumer and residential mortgage lending, and auto financing.