34,363 Shares in KeyCorp (NYSE:KEY) Bought by Farringdon Capital Ltd.

Farringdon Capital Ltd. bought a new stake in KeyCorp (NYSE:KEY) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 34,363 shares of the financial services provider’s stock, valued at approximately $589,000.

A number of other large investors have also recently bought and sold shares of the company. Marshall Wace LLP increased its stake in KeyCorp by 630.9% in the 4th quarter. Marshall Wace LLP now owns 573,881 shares of the financial services provider’s stock valued at $9,836,000 after buying an additional 495,368 shares during the last quarter. Zacks Investment Management boosted its position in KeyCorp by 4.6% during the fourth quarter. Zacks Investment Management now owns 37,749 shares of the financial services provider’s stock valued at $647,000 after purchasing an additional 1,671 shares during the last quarter. NewEdge Advisors LLC grew its stake in KeyCorp by 3.3% in the fourth quarter. NewEdge Advisors LLC now owns 92,306 shares of the financial services provider’s stock valued at $1,582,000 after purchasing an additional 2,969 shares in the last quarter. Jump Financial LLC boosted its holdings in shares of KeyCorp by 34.9% in the 4th quarter. Jump Financial LLC now owns 754,909 shares of the financial services provider’s stock valued at $12,939,000 after buying an additional 195,239 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan bought a new stake in KeyCorp during the fourth quarter worth $119,000. Institutional investors and hedge funds own 79.69% of the company’s stock.

KeyCorp Trading Up 1.3 %

Shares of KEY opened at $14.26 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.84 and a current ratio of 0.85. KeyCorp has a 52-week low of $12.73 and a 52-week high of $20.04. The firm has a market cap of $15.62 billion, a price-to-earnings ratio of -47.53, a PEG ratio of 0.65 and a beta of 1.06. The business’s fifty day moving average is $15.82 and its 200-day moving average is $17.14.

KeyCorp (NYSE:KEY) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.77 billion. KeyCorp had a negative net margin of 2.52% and a positive return on equity of 8.73%. During the same period last year, the company posted $0.20 EPS. Equities analysts anticipate that KeyCorp will post 1.5 EPS for the current fiscal year.

KeyCorp announced that its board has authorized a share repurchase plan on Thursday, March 13th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to reacquire up to 6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

Insider Transactions at KeyCorp

In other KeyCorp news, Director Of Nova Scotia Bank purchased 50,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were bought at an average price of $17.85 per share, for a total transaction of $892,500.00. Following the completion of the acquisition, the director now owns 162,983,726 shares in the company, valued at approximately $2,909,259,509.10. This trade represents a 0.03 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on KEY shares. Royal Bank of Canada reissued an “outperform” rating on shares of KeyCorp in a research report on Thursday. Morgan Stanley restated an “equal weight” rating on shares of KeyCorp in a research note on Thursday. Barclays lifted their price objective on shares of KeyCorp from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Citigroup restated a “buy” rating on shares of KeyCorp in a research note on Thursday. Finally, DA Davidson decreased their price target on shares of KeyCorp from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $19.31.

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.