Los Angeles Capital Management LLC Has $19.09 Million Position in KeyCorp (NYSE:KEY)

Los Angeles Capital Management LLC cut its holdings in KeyCorp (NYSE:KEY - Free Report) by 29.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,139,942 shares of the financial services provider's stock after selling 470,248 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.12% of KeyCorp worth $19,094,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Texas Permanent School Fund Corp grew its stake in shares of KeyCorp by 0.5% during the first quarter. Texas Permanent School Fund Corp now owns 193,354 shares of the financial services provider's stock valued at $3,057,000 after purchasing an additional 894 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in KeyCorp by 3.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 56,674 shares of the financial services provider's stock valued at $896,000 after buying an additional 1,833 shares during the last quarter. Forsta AP Fonden increased its stake in shares of KeyCorp by 15.1% in the 1st quarter. Forsta AP Fonden now owns 251,600 shares of the financial services provider's stock valued at $3,978,000 after buying an additional 33,000 shares during the period. Atomi Financial Group Inc. increased its stake in shares of KeyCorp by 28.3% in the 1st quarter. Atomi Financial Group Inc. now owns 29,676 shares of the financial services provider's stock valued at $469,000 after buying an additional 6,539 shares during the period. Finally, Sei Investments Co. raised its position in shares of KeyCorp by 5.7% during the first quarter. Sei Investments Co. now owns 3,127,677 shares of the financial services provider's stock worth $49,449,000 after acquiring an additional 167,567 shares during the last quarter. Institutional investors own 79.69% of the company's stock.

Insider Transactions at KeyCorp

In related news, insider Angela G. Mago sold 15,011 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $19.59, for a total value of $294,065.49. Following the transaction, the insider now owns 234,582 shares in the company, valued at approximately $4,595,461.38. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Carlton L. Highsmith sold 9,000 shares of the business's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $17.14, for a total transaction of $154,260.00. Following the completion of the transaction, the director now owns 37,864 shares of the company's stock, valued at approximately $648,988.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Angela G. Mago sold 15,011 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $19.59, for a total value of $294,065.49. Following the sale, the insider now owns 234,582 shares of the company's stock, valued at approximately $4,595,461.38. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,011 shares of company stock worth $610,425 in the last ninety days. Insiders own 0.61% of the company's stock.

KeyCorp Stock Up 1.5 %

NYSE KEY traded up $0.28 during trading hours on Monday, hitting $19.25. 6,616,670 shares of the company traded hands, compared to its average volume of 14,058,735. The stock has a market capitalization of $19.08 billion, a price-to-earnings ratio of 1,940.00, a P/E/G ratio of 1.05 and a beta of 1.24. KeyCorp has a twelve month low of $10.73 and a twelve month high of $20.00. The business's 50-day moving average is $16.96 and its 200-day moving average is $15.66. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.88 and a current ratio of 0.88.

KeyCorp (NYSE:KEY - Get Free Report) last released its earnings results on Thursday, October 17th. The financial services provider reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.03. The business had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.59 billion. KeyCorp had a net margin of 0.76% and a return on equity of 8.24%. Sell-side analysts anticipate that KeyCorp will post 1.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on KEY shares. Baird R W cut KeyCorp from a "strong-buy" rating to a "hold" rating in a report on Monday, October 14th. UBS Group boosted their price target on shares of KeyCorp from $17.00 to $18.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group set a $19.00 target price on shares of KeyCorp in a report on Thursday, October 17th. DA Davidson lifted their price objective on KeyCorp from $19.00 to $20.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. Finally, Jefferies Financial Group increased their price target on shares of KeyCorp from $18.00 to $19.00 and gave the company a "buy" rating in a research report on Monday, August 19th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, KeyCorp presently has an average rating of "Moderate Buy" and a consensus price target of $17.79.

About KeyCorp

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.