Meeder Advisory Services Inc. Sells 785 Shares of KeyCorp (NYSE:KEY)

Meeder Advisory Services Inc. cut its position in shares of KeyCorp (NYSE:KEY) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,914 shares of the financial services provider’s stock after selling 785 shares during the quarter. Meeder Advisory Services Inc.’s holdings in KeyCorp were worth $301,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp raised its holdings in KeyCorp by 1.0% in the 4th quarter. Fifth Third Bancorp now owns 237,934 shares of the financial services provider’s stock valued at $3,426,000 after acquiring an additional 2,344 shares in the last quarter. Barclays PLC increased its holdings in KeyCorp by 78.1% in the 2nd quarter. Barclays PLC now owns 2,380,504 shares of the financial services provider’s stock valued at $21,995,000 after buying an additional 1,044,148 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of KeyCorp by 16.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 23,126,760 shares of the financial services provider’s stock valued at $248,844,000 after buying an additional 3,216,584 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of KeyCorp by 44.1% during the 4th quarter. Raymond James & Associates now owns 1,610,148 shares of the financial services provider’s stock worth $23,186,000 after acquiring an additional 492,584 shares during the period. Finally, Rheos Capital Works Inc. acquired a new stake in shares of KeyCorp during the 3rd quarter worth approximately $5,380,000. Institutional investors own 79.69% of the company’s stock.

KeyCorp Stock Up 0.5 %

Shares of NYSE:KEY opened at $15.53 on Wednesday. KeyCorp has a 1 year low of $8.53 and a 1 year high of $15.86. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.86 and a quick ratio of 0.86. The business’s 50-day moving average is $14.62 and its 200-day moving average is $13.20. The company has a market capitalization of $14.40 billion, a price-to-earnings ratio of 17.45 and a beta of 1.29.

KeyCorp (NYSE:KEY) last issued its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.53 billion. KeyCorp had a return on equity of 10.63% and a net margin of 8.61%. During the same period in the previous year, the firm earned $0.38 earnings per share. Equities research analysts predict that KeyCorp will post 1.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Raymond James started coverage on KeyCorp in a research note on Monday, January 8th. They set a “market perform” rating for the company. Wells Fargo & Company raised their price objective on KeyCorp from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Morgan Stanley boosted their target price on KeyCorp from $12.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Wedbush reduced their price target on shares of KeyCorp from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, January 19th. Finally, Jefferies Financial Group lifted their price target on shares of KeyCorp from $17.00 to $18.00 and gave the company a “buy” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, KeyCorp presently has a consensus rating of “Moderate Buy” and an average price target of $15.53.

Insiders Place Their Bets

In other news, Director Trina M. Evans sold 12,335 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $14.23, for a total transaction of $175,527.05. Following the transaction, the director now owns 81,622 shares in the company, valued at $1,161,481.06. The sale was disclosed in a document filed 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 firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $14.23, for a total value of $175,527.05. Following the completion of the sale, the director now owns 81,622 shares of the company’s stock, valued at $1,161,481.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Angela G. Mago sold 3,405 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $14.24, for a total value of $48,487.20. Following the transaction, the insider now directly owns 214,630 shares in the company, valued at $3,056,331.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,442 shares of company stock worth $303,914. 0.67% of the stock is currently owned by company insiders.

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.