Cwm LLC Sells 1,973 Shares of KeyCorp (NYSE:KEY)

Cwm LLC lowered its holdings in shares of KeyCorp (NYSE:KEY) by 3.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 48,623 shares of the financial services provider’s stock after selling 1,973 shares during the period. Cwm LLC’s holdings in KeyCorp were worth $814,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pathway Financial Advisers LLC bought a new position in shares of KeyCorp during the 1st quarter valued at $25,000. Crewe Advisors LLC bought a new position in shares of KeyCorp during the 1st quarter valued at $32,000. Fidelis Capital Partners LLC bought a new position in shares of KeyCorp during the 1st quarter valued at $39,000. Centerpoint Advisors LLC grew its holdings in shares of KeyCorp by 127.7% during the 1st quarter. Centerpoint Advisors LLC now owns 3,757 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 2,107 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in KeyCorp in the 1st quarter worth $67,000. Institutional investors own 79.69% of the company’s stock.

Analysts Set New Price Targets

KEY has been the topic of a number of recent analyst reports. Evercore ISI raised their price target on shares of KeyCorp from $18.50 to $20.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Barclays raised their price target on shares of KeyCorp from $16.00 to $19.00 and gave the stock an “equal weight” rating in a report on Friday. Wedbush raised their price target on shares of KeyCorp from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. The Goldman Sachs Group set a $19.00 price target on shares of KeyCorp in a report on Thursday. Finally, UBS Group lowered shares of KeyCorp from a “buy” rating to a “neutral” rating and cut their price target for the stock from $16.00 to $15.00 in a report on Monday, July 8th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $17.50.

KeyCorp Trading Up 0.6 %

Shares of NYSE KEY opened at $17.35 on Friday. KeyCorp has a 1 year low of $9.50 and a 1 year high of $17.94. The stock has a market cap of $16.36 billion, a P/E ratio of 21.96, a price-to-earnings-growth ratio of 0.97 and a beta of 1.25. The firm has a 50-day moving average of $16.61 and a 200 day moving average of $15.35. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.85 and a quick ratio of 0.85.

KeyCorp (NYSE:KEY) last issued its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. KeyCorp had a net margin of 7.35% and a return on equity of 8.64%. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period last year, the company posted $0.27 EPS. KeyCorp’s revenue was down 4.3% on a year-over-year basis. As a group, sell-side analysts expect that KeyCorp will post 1.08 EPS for the current fiscal year.

Insider Activity at KeyCorp

In other KeyCorp news, Director Carlton L. Highsmith sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $16.21, for a total transaction of $162,100.00. Following the completion of the sale, the director now directly owns 46,864 shares in the company, valued at approximately $759,665.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by corporate 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.