PFG Investments LLC Invests $375,000 in KeyCorp (NYSE:KEY)

PFG Investments LLC purchased a new position in KeyCorp (NYSE:KEY) during the first quarter, Holdings Channel.com reports. The institutional investor purchased 23,689 shares of the financial services provider’s stock, valued at approximately $375,000.

A number of other institutional investors have also recently made changes to their positions in KEY. Bruce G. Allen Investments LLC acquired a new stake in shares of KeyCorp in the fourth quarter worth approximately $26,000. Sound Income Strategies LLC boosted its stake in shares of KeyCorp by 3,600.0% in the fourth quarter. Sound Income Strategies LLC now owns 1,887 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 1,836 shares during the last quarter. Cary Street Partners Investment Advisory LLC purchased a new position in KeyCorp during the third quarter worth approximately $28,000. First United Bank & Trust purchased a new position in KeyCorp during the fourth quarter worth approximately $29,000. Finally, Baldwin Brothers LLC MA purchased a new position in KeyCorp during the fourth quarter worth approximately $35,000. 79.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity at KeyCorp

In related news, Director Trina M. Evans sold 12,335 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $14.23, for a total value of $175,527.05. Following the sale, the director now owns 81,622 shares in the company, valued at approximately $1,161,481.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Trina M. Evans sold 12,335 shares of the business’s stock in a transaction on 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 directly owns 81,622 shares of the company’s stock, valued at approximately $1,161,481.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Angela G. Mago sold 3,405 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $14.24, for a total value 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,442 shares of company stock worth $303,914. 0.67% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on KEY shares. Evercore ISI lifted their price objective on KeyCorp from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Keefe, Bruyette & Woods lifted their price objective on KeyCorp from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. Raymond James started coverage on KeyCorp in a research report on Monday, January 8th. They set a “market perform” rating on the stock. Wedbush reduced their price objective on KeyCorp from $16.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, January 19th. Finally, DA Davidson reduced their price objective on KeyCorp from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, January 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $15.71.

KeyCorp Trading Down 1.6 %

Shares of KEY stock traded down $0.24 on Tuesday, hitting $14.49. The stock had a trading volume of 10,761,283 shares, compared to its average volume of 16,311,131. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market capitalization of $13.44 billion, a P/E ratio of 18.34 and a beta of 1.29. KeyCorp has a 1 year low of $8.53 and a 1 year high of $15.86. The company’s 50 day moving average price is $14.78 and its 200-day moving average price is $13.64.

KeyCorp (NYSE:KEY) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.51 billion. KeyCorp had a net margin of 7.53% and a return on equity of 8.89%. KeyCorp’s quarterly revenue was down 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 EPS. Analysts anticipate that KeyCorp will post 1.15 earnings per share for the current year.

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.