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Zurcher Kantonalbank Zurich Cantonalbank increases share position in KeyCorp (NYSE:KEY)


Zurcher Kantonalbank Zurich Cantonalbank increased its stake in KeyCorp (NYSE:KEY – Free Report) by 102.0% in the fourth quarter, the company said in its latest filing with the Securities and Exchange Commission. The company owned 602,340 shares of the financial services provider, after purchasing an additional 304,205 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in KeyCorp were worth $8,674,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KEY. Cetera Advisor Networks LLC increased its stake in KeyCorp by 37.9% in the first quarter. Cetera Advisor Networks LLC now owns 12,740 shares of the financial services provider’s stock valued at $285,000 after purchasing an additional 3,504 shares in the last quarter. Sei Investments Co. increased its stake in KeyCorp by 12.9% in the first quarter. Sei Investments Co. now owns 1,183,502 shares of the financial services company valued at $26,543,000 after purchasing an additional 135,193 shares in the last quarter. Aviva PLC increased its stake in KeyCorp by 177.0% in the first quarter. Aviva PLC now owns 525,009 shares of the financial services company valued at $11,750,000 after purchasing an additional 335,457 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in KeyCorp worth $38,000 in the first quarter. Finally, Allianz Asset Management GmbH increased its stake in KeyCorp by 10.6% in the first quarter. Allianz Asset Management GmbH now owns 212,557 shares of the financial services provider’s stock valued at $4,757,000 after purchasing an additional 20,384 shares in the last quarter. 79.69% of the shares are currently held by institutional investors and hedge funds.

KeyCorp price performance

Shares of NYSE:KEY opened at $14.63 on Friday. The company’s 50-day simple moving average is $14.69 and its 200-day simple moving average is $13.40. The company has a market cap of $13.57 billion, a price-to-earnings ratio of 18.52 and a beta of 1.29. 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 12-month low of $8.53 and a 12-month high of $15.86.

KeyCorp (NYSE:KEY – Get Free Report) posted its latest quarterly earnings data on Thursday, April 18. The financial services provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.03). KeyCorp had a return on equity of 8.89% and a net margin of 7.53%. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. In the same quarter of the previous year, the company earned earnings per share of $0.44. The company’s revenue for the quarter fell 10.6% year over year. As a group, equity analysts predict that KeyCorp will post earnings per share of 1.17 for the current fiscal year.

Changes in analyst ratings

A number of research firms have given their opinion on KEY. Wells Fargo & Company lifted their price target on KeyCorp from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Thursday, March 28. Morgan Stanley raised their target price on KeyCorp from $12.00 to $16.00 and gave the stock an “equalweight” rating in a research report on Wednesday, February 7. Piper Sandler raised their target price on KeyCorp from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, January 26. Evercore ISI raised their price target on KeyCorp from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28. Finally, Raymond James began reporting on KeyCorp in a research report on Monday, January 8th. They have set a market perform rating for the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, KeyCorp has a consensus rating of “Moderate Buy” and an average price target of $15.71.

Check out our latest inventory report on KEY

Buying and selling with insider information

In related news, CAO Douglas M. Schosser sold 3,326 shares of KeyCorp stock in a transaction that occurred on Thursday, February 15. The stock sold at an average price of $14.00, for a total transaction of $46,564.00. Following the completion of the transaction, the Chief Accounting Officer now directly owns 19,795 shares of the company’s stock, valued at approximately $277,130. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. In related news, CAO Douglas M. Schosser sold 3,326 shares of KeyCorp stock in a transaction that occurred on Thursday, February 15. The stock sold at an average price of $14.00, for a total transaction of $46,564.00. Following the completion of the transaction, the Chief Accounting Officer now directly owns 19,795 shares of the company’s stock, valued at approximately $277,130. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Insider Angela G. Mago also sold 3,405 shares of KeyCorp stock in a transaction that took place on Monday, February 12. The stock sold at an average price of $14.24, for a total value of $48,487.20. Following the transaction, the insider now owns 214,630 shares of the company’s stock, valued at $3,056,331.20. The explanation of this sale can be found here. Insiders have sold 21,442 shares of the company worth $303,914 in the last ninety days. Insiders own 0.61% of the company’s shares.

KeyCorp profile

(Free report)

KeyCorp operates as a holding company for KeyBank National Association, which 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 businesses. major companies.

Also see

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Quarterly Institutional Ownership for KeyCorp (NYSE:KEY)



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