Calamos Advisors LLC boosted its position in shares of KeyCorp (NYSE:KEY) by 1.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 543,080 shares of the financial services provider’s stock after purchasing an additional 9,455 shares during the period. Calamos Advisors LLC’s holdings in KeyCorp were worth $10,992,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Thor Advisors LLC acquired a new stake in shares of KeyCorp during the 3rd quarter worth about $34,000. Joseph P. Lucia & Associates LLC acquired a new stake in shares of KeyCorp during the 3rd quarter worth about $35,000. Cordasco Financial Network acquired a new stake in shares of KeyCorp during the 3rd quarter worth about $43,000. CSat Investment Advisory L.P. raised its position in shares of KeyCorp by 202.9% during the 2nd quarter. CSat Investment Advisory L.P. now owns 3,087 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 2,068 shares in the last quarter. Finally, Bartlett & Co. LLC acquired a new stake in shares of KeyCorp during the 3rd quarter worth about $55,000. Institutional investors own 80.11% of the company’s stock.
Several equities research analysts have recently weighed in on the company. UBS Group raised their target price on KeyCorp from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Wedbush raised KeyCorp from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $21.00 to $23.00 in a research report on Friday, December 20th. Wells Fargo & Co lowered KeyCorp from an “equal weight” rating to an “underweight” rating and set a $20.00 target price on the stock. in a research report on Monday, January 6th. DA Davidson reissued a “buy” rating on shares of KeyCorp in a research report on Monday, November 18th. Finally, Deutsche Bank lowered KeyCorp from a “buy” rating to a “hold” rating and set a $19.00 target price on the stock. in a research report on Friday, October 25th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.18.
KEY opened at $19.17 on Thursday. The firm has a market cap of $19.21 billion, a price-to-earnings ratio of 11.08, a price-to-earnings-growth ratio of 1.81 and a beta of 1.32. KeyCorp has a 52 week low of $14.82 and a 52 week high of $20.52. The business’s 50 day moving average is $19.83 and its two-hundred day moving average is $18.21. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.95.
KeyCorp (NYSE:KEY) last released its quarterly earnings results on Thursday, October 17th. The financial services provider reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. KeyCorp had a return on equity of 12.71% and a net margin of 21.93%. The firm’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 earnings per share. Equities analysts expect that KeyCorp will post 1.78 EPS for the current fiscal year.
In other news, Director Carlton L. Highsmith sold 9,515 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $18.07, for a total value of $171,936.05. Following the transaction, the director now owns 70,640 shares of the company’s stock, valued at $1,276,464.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Douglas M. Schosser sold 8,481 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $20.04, for a total value of $169,959.24. Following the completion of the transaction, the chief accounting officer now directly owns 33,391 shares in the company, valued at approximately $669,155.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 670,702 shares of company stock worth $12,328,208. 0.08% of the stock is currently owned by corporate insiders.
KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company's Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans.
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