KeyCorp (NYSE:KEY) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC boosted its holdings in KeyCorp (NYSE:KEY) by 116.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,315 shares of the financial services provider’s stock after purchasing an additional 12,564 shares during the quarter. Cerity Partners LLC’s holdings in KeyCorp were worth $417,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KEY. Joseph P. Lucia & Associates LLC purchased a new stake in KeyCorp in the third quarter valued at approximately $35,000. Cordasco Financial Network purchased a new stake in KeyCorp in the third quarter valued at approximately $43,000. Manchester Financial Inc. purchased a new stake in KeyCorp in the second quarter valued at approximately $46,000. Coastal Capital Group Inc. purchased a new stake in shares of KeyCorp during the second quarter worth approximately $50,000. Finally, CSat Investment Advisory L.P. raised its stake in shares of KeyCorp by 202.9% during the second quarter. CSat Investment Advisory L.P. now owns 3,087 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 2,068 shares during the last quarter. Institutional investors own 80.11% of the company’s stock.

Several research firms have recently commented on KEY. Piper Jaffray Companies set a $19.00 price target on KeyCorp and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Credit Suisse Group upgraded KeyCorp from an “average” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Wednesday, August 7th. Morgan Stanley cut their price target on KeyCorp from $21.00 to $20.50 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Wedbush upped their price target on KeyCorp from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Finally, Nomura set a $18.00 price target on KeyCorp and gave the stock a “hold” rating in a research note on Friday, July 26th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $23.55.

NYSE:KEY opened at $18.29 on Friday. The stock has a fifty day moving average price of $17.80 and a two-hundred day moving average price of $17.24. The stock has a market capitalization of $18.03 billion, a price-to-earnings ratio of 9.98, a PEG ratio of 2.46 and a beta of 1.30. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.89 and a current ratio of 0.91. KeyCorp has a 1 year low of $13.65 and a 1 year high of $18.96.

KeyCorp (NYSE:KEY) last released its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. KeyCorp had a return on equity of 12.71% and a net margin of 21.93%. KeyCorp’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.45 earnings per share. On average, analysts predict that KeyCorp will post 1.8 EPS for the current year.

In other KeyCorp news, insider Amy G. Brady sold 10,806 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $18.02, for a total value of $194,724.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Beth E. Mooney sold 437,737 shares of the stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $18.28, for a total value of $8,001,832.36. Following the completion of the transaction, the chief executive officer now owns 1,662,612 shares of the company’s stock, valued at approximately $30,392,547.36. The disclosure for this sale can be found here. Insiders sold 657,271 shares of company stock valued at $12,049,355 in the last quarter. 0.08% of the stock is currently owned by company insiders.

KeyCorp Company Profile

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.

Read More: Golden Cross

Want to see what other hedge funds are holding KEY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KeyCorp (NYSE:KEY).

Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

Receive News & Ratings for KeyCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KeyCorp and related companies with MarketBeat.com's FREE daily email newsletter.