Prime Capital Investment Advisors LLC Increases Position in KeyCorp (NYSE:KEY)

Prime Capital Investment Advisors LLC increased its stake in KeyCorp (NYSE:KEY) by 81.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,164 shares of the financial services provider’s stock after purchasing an additional 10,378 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in KeyCorp were worth $334,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in KEY. Cetera Advisor Networks LLC increased its holdings in shares of KeyCorp by 37.9% in the 1st 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 holdings in shares of KeyCorp by 12.9% in the 1st quarter. Sei Investments Co. now owns 1,183,502 shares of the financial services provider’s stock valued at $26,543,000 after purchasing an additional 135,193 shares in the last quarter. Aviva PLC grew its stake in KeyCorp by 177.0% in the 1st quarter. Aviva PLC now owns 525,009 shares of the financial services provider’s stock valued at $11,750,000 after acquiring an additional 335,457 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in KeyCorp in the 1st quarter valued at about $38,000. Finally, Allianz Asset Management GmbH grew its stake in KeyCorp by 10.6% in the 1st quarter. Allianz Asset Management GmbH now owns 212,557 shares of the financial services provider’s stock valued at $4,757,000 after acquiring an additional 20,384 shares during the last quarter. Hedge funds and other institutional investors own 79.69% of the company’s stock.

Insider Buying and Selling at KeyCorp

In other KeyCorp news, Director Trina M. Evans sold 12,335 shares of KeyCorp stock in a transaction that occurred 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 transaction, the director now directly owns 81,622 shares of the company’s stock, valued at $1,161,481.06. The sale was disclosed in a filing with the SEC, which is available at this link. In other KeyCorp news, insider Angela G. Mago sold 3,405 shares of KeyCorp stock in a transaction that occurred 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 transaction, the insider now directly owns 214,630 shares of the company’s stock, valued at $3,056,331.20. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Trina M. Evans sold 12,335 shares of KeyCorp stock in a transaction that occurred 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 transaction, the director now directly owns 81,622 shares in the company, valued at $1,161,481.06. The disclosure for this sale can be found here. Insiders have sold a total of 21,442 shares of company stock valued at $303,914 over the last ninety days. Corporate insiders own 0.61% of the company’s stock.

KeyCorp Price Performance

KeyCorp stock opened at $14.62 on Friday. KeyCorp has a 1 year low of $8.53 and a 1 year high of $15.86. The firm has a 50 day moving average price of $14.64 and a 200 day moving average price of $13.25. The company has a market cap of $13.56 billion, a price-to-earnings ratio of 16.43 and a beta of 1.29. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.86 and a current ratio of 0.86.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wedbush lowered their price objective 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. DA Davidson lowered their price objective on shares of KeyCorp from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, January 19th. 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. Raymond James initiated coverage on shares of KeyCorp in a research note on Monday, January 8th. They issued a “market perform” rating on the stock. Finally, JPMorgan Chase & Co. raised their price target on shares of KeyCorp from $16.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, April 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $15.53.

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.