Atria Wealth Solutions Inc. Has $470,000 Stake in KeyCorp (NYSE:KEY)

Atria Wealth Solutions Inc. lowered its holdings in KeyCorp (NYSE:KEY) by 84.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,615 shares of the financial services provider’s stock after selling 171,994 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in KeyCorp were worth $470,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Commonwealth Equity Services LLC raised its position in KeyCorp by 21.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 608,103 shares of the financial services provider’s stock worth $6,543,000 after purchasing an additional 108,549 shares during the last quarter. SVB Wealth LLC acquired a new position in shares of KeyCorp during the third quarter valued at $109,000. Cambridge Investment Research Advisors Inc. boosted its holdings in KeyCorp by 1.5% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 107,111 shares of the financial services provider’s stock valued at $1,153,000 after acquiring an additional 1,552 shares during the last quarter. Independent Advisor Alliance increased its position in KeyCorp by 9.2% in the third quarter. Independent Advisor Alliance now owns 20,725 shares of the financial services provider’s stock worth $223,000 after purchasing an additional 1,741 shares during the period. Finally, Bank of New York Mellon Corp increased its position in KeyCorp by 5.4% in the third quarter. Bank of New York Mellon Corp now owns 7,099,254 shares of the financial services provider’s stock worth $76,388,000 after purchasing an additional 363,701 shares during the period. Institutional investors own 79.69% of the company’s stock.

Analyst Upgrades and Downgrades

KEY has been the subject of several analyst reports. Keefe, Bruyette & Woods lifted their price target on shares of KeyCorp from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. Jefferies Financial Group upped their target price 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. Wells Fargo & Company raised their price target on KeyCorp from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. JPMorgan Chase & Co. upped their price objective on KeyCorp from $16.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, April 4th. Finally, Royal Bank of Canada boosted their target price on KeyCorp from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Friday, April 19th. One investment 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.com, KeyCorp presently has an average rating of “Moderate Buy” and an average target price of $15.71.

Insider Buying and Selling at KeyCorp

In other KeyCorp news, insider Angela G. Mago sold 3,405 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $14.24, for a total transaction of $48,487.20. Following the transaction, the insider now owns 214,630 shares in the company, valued at approximately $3,056,331.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other KeyCorp news, Director Trina M. Evans sold 12,335 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $14.23, for a total transaction of $175,527.05. Following the completion of the transaction, 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 SEC, which can be accessed through this hyperlink. Also, insider Angela G. Mago sold 3,405 shares of the firm’s 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 completion of the sale, the insider now owns 214,630 shares in the company, valued at $3,056,331.20. The disclosure for this sale can be found here. Insiders sold 21,442 shares of company stock valued at $303,914 in the last quarter. 0.67% of the stock is currently owned by insiders.

KeyCorp Stock Up 1.3 %

NYSE:KEY opened at $15.13 on Tuesday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.87 and a current ratio of 0.87. KeyCorp has a 52-week low of $8.73 and a 52-week high of $15.86. The company has a market cap of $14.27 billion, a PE ratio of 19.15 and a beta of 1.28. The stock has a 50-day simple moving average of $14.84 and a 200 day simple moving average of $13.76.

KeyCorp (NYSE:KEY) last issued its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. KeyCorp had a net margin of 7.53% and a return on equity of 8.89%. The business’s revenue for the quarter was down 10.6% on a year-over-year basis. During the same period last year, the company posted $0.44 earnings per share. On average, sell-side analysts expect that KeyCorp will post 1.15 EPS for the current fiscal year.

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.