KeyCorp $KEY Stock Sold by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR trimmed its holdings in shares of KeyCorp (NYSE:KEY) by 76.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,758 shares of the financial services provider’s stock after selling 28,282 shares during the quarter. Generali Asset Management SPA SGR’s holdings in KeyCorp were worth $176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its holdings in KeyCorp by 5.4% in the first quarter. EverSource Wealth Advisors LLC now owns 10,265 shares of the financial services provider’s stock worth $206,000 after acquiring an additional 522 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings in shares of KeyCorp by 13.3% during the third quarter. TD Waterhouse Canada Inc. now owns 4,695 shares of the financial services provider’s stock valued at $94,000 after acquiring an additional 550 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV increased its holdings in shares of KeyCorp by 1.7% during the first quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 32,493 shares of the financial services provider’s stock valued at $650,000 after acquiring an additional 556 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in shares of KeyCorp by 2.2% during the first quarter. V Square Quantitative Management LLC now owns 26,258 shares of the financial services provider’s stock valued at $526,000 after acquiring an additional 567 shares in the last quarter. Finally, CX Institutional raised its position in shares of KeyCorp by 4.6% in the 2nd quarter. CX Institutional now owns 13,346 shares of the financial services provider’s stock valued at $308,000 after purchasing an additional 581 shares during the last quarter. 79.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Truist Financial dropped their target price on shares of KeyCorp from $24.00 to $23.00 and set a “hold” rating on the stock in a research report on Wednesday, September 23rd. Weiss Ratings lowered shares of KeyCorp from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. JPMorgan Chase & Co. raised their price target on shares of KeyCorp from $23.00 to $23.50 and gave the stock a “neutral” rating in a report on Friday. TD Cowen initiated coverage on shares of KeyCorp in a report on Thursday, October 8th. They issued a “buy” rating and a $23.00 price target for the company. Finally, Royal Bank Of Canada lowered their price objective on shares of KeyCorp from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Wednesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $46.25.

Insider Transactions at KeyCorp

In other KeyCorp news, insider Andrew Paine, III sold 39,130 shares of the firm’s stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $21.20, for a total transaction of $829,556.00. Following the completion of the transaction, the insider directly owned 191,571 shares of the company’s stock, valued at approximately $4,061,305.20. This trade represents a 16.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.56% of the company’s stock.

KeyCorp Trading Down 1.8%

Shares of NYSE:KEY opened at $21.11 on Friday. KeyCorp has a 52-week low of $16.91 and a 52-week high of $24.07. The stock has a market cap of $22.53 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 0.76 and a beta of 1.08. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.72. The business has a 50-day moving average price of $20.94 and a 200-day moving average price of $21.54.

KeyCorp (NYSE:KEY) last released its earnings results on Tuesday, October 20th. The financial services provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.05. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.05 billion. KeyCorp had a return on equity of 12.06% and a net margin of 18.56%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 earnings per share. Equities analysts predict that KeyCorp will post 1.88 EPS for the current year.

About KeyCorp

KeyCorp is a financial services company headquartered in Cleveland, Ohio, and the parent company of KeyBank National Association. Through KeyBank, it provides retail and commercial banking services to individuals, businesses, institutional clients and government entities.

KeyBank’s offerings include checking and savings accounts, consumer lending, mortgages, home equity financing, credit cards, business loans, treasury management and payment services. The company also provides investment banking and capital markets services through KeyBanc Capital Markets, as well as wealth management, investment management and personal financial planning services.

KeyCorp traces its history to 1825, when the institution that became KeyBank was established in Albany, New York.