Mutual of America Capital Management LLC Has $4.27 Million Stock Holdings in KeyCorp (NYSE:KEY)

Mutual of America Capital Management LLC increased its stake in shares of KeyCorp (NYSE:KEY) by 7.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 296,582 shares of the financial services provider’s stock after purchasing an additional 20,766 shares during the quarter. Mutual of America Capital Management LLC’s holdings in KeyCorp were worth $4,271,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its position in KeyCorp by 8.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 273,010 shares of the financial services provider’s stock worth $3,931,000 after purchasing an additional 21,395 shares in the last quarter. Miller Howard Investments Inc. NY acquired a new position in KeyCorp during the 4th quarter worth approximately $7,200,000. Fifth Third Bancorp increased its position in KeyCorp by 1.0% during the 4th quarter. Fifth Third Bancorp now owns 237,934 shares of the financial services provider’s stock worth $3,426,000 after purchasing an additional 2,344 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in KeyCorp by 16.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 23,126,760 shares of the financial services provider’s stock worth $248,844,000 after purchasing an additional 3,216,584 shares in the last quarter. Finally, Raymond James & Associates increased its position in 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 purchasing an additional 492,584 shares in the last quarter. 79.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at KeyCorp

In related news, insider Kenneth C. Gavrity sold 2,376 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $14.03, for a total transaction of $33,335.28. Following the transaction, the insider now directly owns 98,120 shares of the company’s stock, valued at $1,376,623.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Kenneth C. Gavrity sold 2,376 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $14.03, for a total transaction of $33,335.28. Following the transaction, the insider now directly owns 98,120 shares of the company’s stock, valued at $1,376,623.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Trina M. Evans sold 12,335 shares of the firm’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 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 21,442 shares of company stock valued at $303,914 over the last ninety days. Corporate insiders own 0.67% of the company’s stock.

KeyCorp Stock Down 1.3 %

KeyCorp stock opened at $14.43 on Tuesday. KeyCorp has a 1-year low of $8.53 and a 1-year high of $15.86. The firm has a market capitalization of $13.38 billion, a price-to-earnings ratio of 16.21 and a beta of 1.29. The firm’s fifty day moving average price is $14.65 and its two-hundred day moving average price is $13.31. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.61.

KeyCorp (NYSE:KEY) last released its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.25 earnings per share 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 for the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the firm earned $0.38 earnings per share. On average, equities research analysts predict that KeyCorp will post 1.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Jefferies Financial Group upped their price target on shares of KeyCorp from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Piper Sandler upped their price target on shares of KeyCorp from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Stephens upgraded shares of KeyCorp from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, December 20th. Raymond James started coverage on shares of KeyCorp in a research report on Monday, January 8th. They issued a “market perform” rating for the company. Finally, Barclays decreased their price objective on shares of KeyCorp from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, January 19th. One 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $15.53.

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.