KeyCorp (NYSE:KEY) is Fuller & Thaler Asset Management Inc.'s Largest Position

Fuller & Thaler Asset Management Inc. grew its position in KeyCorp (NYSE:KEY - Free Report) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,183,748 shares of the financial services provider's stock after purchasing an additional 1,062,615 shares during the quarter. KeyCorp comprises approximately 1.8% of Fuller & Thaler Asset Management Inc.'s investment portfolio, making the stock its biggest holding. Fuller & Thaler Asset Management Inc. owned about 2.74% of KeyCorp worth $465,929,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Whittier Trust Co. increased its stake in KeyCorp by 110.3% during the 4th quarter. Whittier Trust Co. now owns 1,525 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 800 shares in the last quarter. Ethos Financial Group LLC acquired a new position in shares of KeyCorp in the 4th quarter valued at $27,000. SBI Securities Co. Ltd. purchased a new position in KeyCorp in the 4th quarter worth $34,000. TCTC Holdings LLC lifted its position in KeyCorp by 38.6% during the 4th quarter. TCTC Holdings LLC now owns 2,195 shares of the financial services provider's stock worth $38,000 after acquiring an additional 611 shares during the period. Finally, Whipplewood Advisors LLC acquired a new stake in KeyCorp during the 4th quarter worth about $45,000. 79.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity at KeyCorp

In other KeyCorp news, Director Of Nova Scotia Bank acquired 50,000 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The stock was bought at an average price of $17.85 per share, with a total value of $892,500.00. Following the purchase, the director now owns 162,983,726 shares in the company, valued at approximately $2,909,259,509.10. The trade was a 0.03 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KEY. Royal Bank of Canada restated an "outperform" rating on shares of KeyCorp in a research note on Thursday, April 17th. Stephens reaffirmed an "overweight" rating and issued a $20.00 price objective on shares of KeyCorp in a report on Wednesday, January 22nd. Wells Fargo & Company reissued an "overweight" rating on shares of KeyCorp in a report on Thursday, April 17th. DA Davidson lowered their price target on shares of KeyCorp from $22.00 to $21.00 and set a "buy" rating on the stock in a report on Wednesday, January 22nd. Finally, Baird R W raised KeyCorp from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, KeyCorp has an average rating of "Moderate Buy" and a consensus target price of $19.15.

KeyCorp Stock Up 2.8 %

Shares of NYSE KEY opened at $14.18 on Wednesday. The firm has a market cap of $15.54 billion, a price-to-earnings ratio of -47.27, a price-to-earnings-growth ratio of 0.65 and a beta of 1.06. The company's 50-day simple moving average is $15.61 and its 200-day simple moving average is $17.10. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.77. KeyCorp has a 52-week low of $12.73 and a 52-week high of $20.04.

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

KeyCorp announced that its board has approved a stock repurchase plan on Thursday, March 13th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to reacquire up to 6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

KeyCorp Company 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.

Want to see what other hedge funds are holding KEY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KeyCorp (NYSE:KEY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.