Insider Buying: KeyCorp (KEY) Insider Buys 5,000 Shares of Stock

KeyCorp (NYSE:KEY) insider Donald R. Kimble bought 5,000 shares of the company’s stock in a transaction dated Friday, November 2nd. The stock was acquired at an average price of $18.55 per share, for a total transaction of $92,750.00. Following the acquisition, the insider now directly owns 253,847 shares in the company, valued at $4,708,861.85. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of NYSE KEY opened at $18.62 on Wednesday. The company has a market capitalization of $19.39 billion, a P/E ratio of 13.69, a PEG ratio of 0.68 and a beta of 1.00. KeyCorp has a 52 week low of $16.48 and a 52 week high of $22.40. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.89 and a quick ratio of 0.88.

KeyCorp (NYSE:KEY) last announced its quarterly earnings results on Thursday, October 18th. The financial services provider reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.64 billion. KeyCorp had a return on equity of 12.56% and a net margin of 21.47%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 EPS. As a group, equities analysts forecast that KeyCorp will post 1.73 earnings per share for the current year.

A number of equities analysts have recently weighed in on KEY shares. Zacks Investment Research downgraded KeyCorp from a “buy” rating to a “hold” rating in a report on Wednesday, August 22nd. Jefferies Financial Group reiterated a “buy” rating and issued a $23.00 target price on shares of KeyCorp in a report on Friday, July 13th. Wedbush set a $23.00 target price on KeyCorp and gave the company a “buy” rating in a report on Thursday, September 13th. Standpoint Research upgraded KeyCorp from a “hold” rating to a “buy” rating in a report on Friday, October 12th. Finally, BMO Capital Markets dropped their target price on KeyCorp from $24.00 to $21.00 and set an “outperform” rating on the stock in a report on Friday, October 19th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the stock. KeyCorp presently has a consensus rating of “Buy” and a consensus target price of $23.39.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of KeyCorp by 1.1% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,373,826 shares of the financial services provider’s stock valued at $67,105,000 after buying an additional 36,041 shares in the last quarter. Strategic Wealth Advisors Group LLC bought a new stake in KeyCorp during the third quarter worth approximately $229,000. SG Americas Securities LLC boosted its position in KeyCorp by 47.4% during the third quarter. SG Americas Securities LLC now owns 135,365 shares of the financial services provider’s stock worth $2,692,000 after purchasing an additional 43,499 shares during the period. Flippin Bruce & Porter Inc. boosted its position in KeyCorp by 8.1% during the third quarter. Flippin Bruce & Porter Inc. now owns 416,477 shares of the financial services provider’s stock worth $8,284,000 after purchasing an additional 31,173 shares during the period. Finally, LSV Asset Management boosted its position in KeyCorp by 5.1% during the third quarter. LSV Asset Management now owns 13,292,181 shares of the financial services provider’s stock worth $264,381,000 after purchasing an additional 643,000 shares during the period. 80.19% of the stock is owned by institutional investors and hedge funds.

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About KeyCorp

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, as well as personal property and casualty insurance, such as home, auto, renters, watercraft, and umbrella insurance for individuals.

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Insider Buying and Selling by Quarter for KeyCorp (NYSE:KEY)

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