Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 14,110 Shares of KeyCorp $KEY

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of KeyCorp (NYSE:KEY) by 6.2% during the second quarter, HoldingsChannel reports. The fund owned 241,907 shares of the financial services provider’s stock after buying an additional 14,110 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in KeyCorp were worth $4,214,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of KeyCorp by 7.2% during the first quarter. Vanguard Group Inc. now owns 125,345,385 shares of the financial services provider’s stock valued at $2,004,273,000 after purchasing an additional 8,412,625 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in KeyCorp by 40.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 50,954,013 shares of the financial services provider’s stock worth $814,756,000 after buying an additional 14,651,281 shares during the period. Fuller & Thaler Asset Management Inc. grew its holdings in KeyCorp by 12.2% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 30,511,720 shares of the financial services provider’s stock worth $487,882,000 after acquiring an additional 3,327,972 shares during the last quarter. Geode Capital Management LLC increased its position in KeyCorp by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 24,676,571 shares of the financial services provider’s stock valued at $428,084,000 after acquiring an additional 359,573 shares during the period. Finally, Invesco Ltd. raised its stake in shares of KeyCorp by 19.5% during the first quarter. Invesco Ltd. now owns 20,623,929 shares of the financial services provider’s stock valued at $329,777,000 after acquiring an additional 3,363,421 shares during the last quarter. Institutional investors and hedge funds own 79.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on KEY shares. Weiss Ratings restated a “hold (c-)” rating on shares of KeyCorp in a report on Friday, October 31st. DA Davidson lowered their price objective on KeyCorp from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Friday, October 17th. Wells Fargo & Company upped their target price on KeyCorp from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, October 3rd. Keefe, Bruyette & Woods increased their target price on shares of KeyCorp from $20.50 to $21.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Finally, UBS Group boosted their price target on shares of KeyCorp from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Ten analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $20.75.

KeyCorp Trading Up 0.6%

Shares of KEY stock opened at $17.22 on Wednesday. KeyCorp has a fifty-two week low of $12.73 and a fifty-two week high of $20.04. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a 50 day simple moving average of $18.07 and a two-hundred day simple moving average of $17.63. The company has a market cap of $18.81 billion, a P/E ratio of 21.25, a PEG ratio of 0.52 and a beta of 1.18.

KeyCorp (NYSE:KEY) last announced its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.41 EPS for the quarter, topping the consensus estimate of $0.38 by $0.03. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.87 billion. KeyCorp had a net margin of 10.08% and a return on equity of 10.14%. The company’s quarterly revenue was up 172.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.47) EPS. Research analysts forecast that KeyCorp will post 1.5 earnings per share for the current year.

Insider Buying and Selling

In other KeyCorp news, insider Andrew J. Paine III sold 44,953 shares of KeyCorp stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $19.29, for a total value of $867,143.37. Following the completion of the sale, the insider directly owned 245,044 shares of the company’s stock, valued at approximately $4,726,898.76. The trade was a 15.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.52% of the company’s stock.

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.