Daiwa Securities Group Inc. Has $623,000 Position in KeyCorp (KEY)
Daiwa Securities Group Inc. increased its position in shares of KeyCorp (NYSE:KEY) by 10.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,112 shares of the financial services provider’s stock after acquiring an additional 3,012 shares during the period. Daiwa Securities Group Inc.’s holdings in KeyCorp were worth $623,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of KEY. NN Investment Partners Holdings N.V. increased its holdings in KeyCorp by 10.8% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 200,620 shares of the financial services provider’s stock worth $3,760,000 after acquiring an additional 19,506 shares during the period. State of Alaska Department of Revenue grew its stake in KeyCorp by 62.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 68,512 shares of the financial services provider’s stock worth $1,283,000 after buying an additional 26,248 shares in the last quarter. Eqis Capital Management Inc. purchased a new position in KeyCorp in the 2nd quarter worth approximately $217,000. Blue Granite Capital LLC boosted its stake in shares of KeyCorp by 21.4% in the 2nd quarter. Blue Granite Capital LLC now owns 124,400 shares of the financial services provider’s stock valued at $2,332,000 after purchasing an additional 21,900 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its stake in shares of KeyCorp by 2.9% in the 2nd quarter. LS Investment Advisors LLC now owns 42,109 shares of the financial services provider’s stock valued at $789,000 after purchasing an additional 1,178 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.
Shares of KeyCorp (NYSE:KEY) opened at $17.92 on Tuesday. The stock has a market cap of $18,970.05, a P/E ratio of 13.36, a PEG ratio of 1.60 and a beta of 1.10. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 1.06. KeyCorp has a 1 year low of $16.28 and a 1 year high of $19.53.
KeyCorp (NYSE:KEY) last released its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.56 billion. KeyCorp had a net margin of 18.69% and a return on equity of 10.35%. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 earnings per share. sell-side analysts expect that KeyCorp will post 1.38 EPS for the current year.
A number of equities research analysts have recently issued reports on the stock. DA Davidson raised shares of KeyCorp from a “neutral” rating to a “buy” rating and upped their price objective for the company from $20.00 to $21.00 in a research note on Thursday, July 20th. BidaskClub cut shares of KeyCorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Citigroup Inc. increased their price target on shares of KeyCorp from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, October 9th. Robert W. Baird reissued a “hold” rating and set a $18.00 price target on shares of KeyCorp in a research report on Friday, October 6th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $21.00 price target on shares of KeyCorp in a research report on Thursday, October 19th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the stock. KeyCorp presently has an average rating of “Hold” and a consensus target price of $20.82.
In related news, Director Carlton L. Highsmith sold 7,600 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $18.39, for a total value of $139,764.00. Following the sale, the director now owns 68,725 shares in the company, valued at $1,263,852.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Andrew J. Paine III sold 46,854 shares of the business’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $18.56, for a total transaction of $869,610.24. Following the completion of the sale, the insider now owns 110,052 shares in the company, valued at approximately $2,042,565.12. The disclosure for this sale can be found here. Insiders sold 57,212 shares of company stock worth $1,060,508 in the last 90 days. 0.65% of the stock is currently owned by company insiders.
KeyCorp is a bank holding company. The Company is a bank-based financial services company. The Company operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, it provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, and investment banking products and services to individual, corporate and institutional clients.
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