Bank of Jackson Hole Trust Sells 1,649 Shares of KeyCorp $KEY

Bank of Jackson Hole Trust lessened its holdings in KeyCorp (NYSE:KEY) by 48.8% during the second quarter, HoldingsChannel.com reports. The firm owned 1,732 shares of the financial services provider’s stock after selling 1,649 shares during the period. Bank of Jackson Hole Trust’s holdings in KeyCorp were worth $30,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Dakota Wealth Management lifted its position in shares of KeyCorp by 2.2% in the second quarter. Dakota Wealth Management now owns 27,374 shares of the financial services provider’s stock worth $477,000 after purchasing an additional 586 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV lifted its position in shares of KeyCorp by 2.9% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 22,412 shares of the financial services provider’s stock worth $389,000 after purchasing an additional 639 shares in the last quarter. AlphaCore Capital LLC lifted its position in shares of KeyCorp by 5.2% in the first quarter. AlphaCore Capital LLC now owns 13,238 shares of the financial services provider’s stock worth $212,000 after purchasing an additional 651 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in shares of KeyCorp by 34.0% in the first quarter. SBI Securities Co. Ltd. now owns 2,644 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 671 shares in the last quarter. Finally, Greenleaf Trust lifted its position in shares of KeyCorp by 5.7% in the second quarter. Greenleaf Trust now owns 12,738 shares of the financial services provider’s stock worth $222,000 after purchasing an additional 691 shares in the last quarter. Institutional investors own 79.69% of the company’s stock.

KeyCorp Price Performance

NYSE:KEY opened at $17.39 on Thursday. KeyCorp has a one year low of $12.73 and a one year high of $20.04. The company has a market cap of $19.06 billion, a P/E ratio of 21.46, a P/E/G ratio of 0.53 and a beta of 1.15. The firm’s fifty day moving average price is $18.48 and its two-hundred day moving average price is $17.31. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.83 and a quick ratio of 0.83.

KeyCorp (NYSE:KEY) last released its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.41 EPS for the quarter, beating the consensus estimate of $0.38 by $0.03. KeyCorp had a net margin of 10.08% and a return on equity of 10.14%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the prior year, the company posted ($0.47) earnings per share. KeyCorp’s revenue was up 172.7% compared to the same quarter last year. Equities analysts expect that KeyCorp will post 1.5 earnings per share for the current year.

Insider Activity at KeyCorp

In related news, insider Andrew J. Paine III sold 44,953 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $19.29, for a total value of $867,143.37. Following the transaction, the insider directly owned 245,044 shares in the company, valued at approximately $4,726,898.76. This represents a 15.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on KEY shares. DA Davidson cut their price objective on shares of KeyCorp from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, October 17th. JPMorgan Chase & Co. boosted their target price on shares of KeyCorp from $19.00 to $19.50 and gave the stock a “neutral” rating in a report on Friday, October 10th. Jefferies Financial Group lowered their target price on shares of KeyCorp from $20.00 to $18.00 and set a “hold” rating on the stock in a report on Friday, October 17th. Royal Bank Of Canada boosted their target price on shares of KeyCorp from $19.00 to $20.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Finally, Wells Fargo & Company boosted their target price on shares of KeyCorp from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, October 3rd. Ten research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, KeyCorp currently has a consensus rating of “Hold” and a consensus price target of $20.75.

KeyCorp 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.