Ossiam Has $170,000 Holdings in KeyCorp (NYSE:KEY)

Ossiam reduced its stake in KeyCorp (NYSE:KEY - Free Report) by 85.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,922 shares of the financial services provider's stock after selling 58,253 shares during the quarter. Ossiam's holdings in KeyCorp were worth $170,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KEY. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of KeyCorp by 133.3% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 100,591 shares of the financial services provider's stock worth $1,724,000 after purchasing an additional 57,479 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in KeyCorp by 5.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 10,882,234 shares of the financial services provider's stock worth $186,520,000 after buying an additional 576,567 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of KeyCorp by 11.5% in the 4th quarter. First Trust Advisors LP now owns 2,608,454 shares of the financial services provider's stock valued at $44,709,000 after acquiring an additional 269,378 shares in the last quarter. Forum Financial Management LP grew its holdings in shares of KeyCorp by 121.5% in the 4th quarter. Forum Financial Management LP now owns 31,028 shares of the financial services provider's stock valued at $532,000 after acquiring an additional 17,019 shares in the last quarter. Finally, GeoWealth Management LLC increased its position in shares of KeyCorp by 27.8% in the fourth quarter. GeoWealth Management LLC now owns 4,071 shares of the financial services provider's stock valued at $70,000 after acquiring an additional 886 shares during the last quarter. 79.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity at KeyCorp

In other KeyCorp news, insider Mohit Ramani bought 10,000 shares of the stock in a transaction on Monday, April 21st. The stock was purchased at an average price of $13.75 per share, with a total value of $137,500.00. Following the completion of the purchase, the insider now owns 10,000 shares in the company, valued at $137,500. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Of Nova Scotia Bank purchased 50,000 shares of KeyCorp stock in a transaction dated Wednesday, February 5th. The stock was bought at an average price of $17.85 per share, for a total transaction of $892,500.00. Following the completion of the purchase, the director now owns 162,983,726 shares in the company, valued at $2,909,259,509.10. This represents a 0.03 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 60,180 shares of company stock valued at $1,032,525 over the last three months. 0.52% of the stock is owned by insiders.

KeyCorp Price Performance

KeyCorp stock traded down $0.15 during mid-day trading on Friday, reaching $14.72. 8,052,209 shares of the company were exchanged, compared to its average volume of 12,862,957. The firm has a market cap of $16.13 billion, a PE ratio of -49.07, a PEG ratio of 0.65 and a beta of 1.06. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.85 and a quick ratio of 0.84. The company has a fifty day simple moving average of $15.42 and a 200-day simple moving average of $17.06. KeyCorp has a 12 month low of $12.73 and a 12 month high of $20.04.

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

KeyCorp declared that its Board of Directors has initiated a stock repurchase program on Thursday, March 13th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to purchase up to 6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

KEY has been the topic of several recent analyst reports. Keefe, Bruyette & Woods lowered their price target on KeyCorp from $20.00 to $18.00 and set an "outperform" rating on the stock in a research report on Monday, April 21st. DA Davidson lowered their target price 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. Truist Financial cut their price target on shares of KeyCorp from $18.00 to $16.00 and set a "hold" rating for the company in a research note on Tuesday. Royal Bank of Canada restated an "outperform" rating on shares of KeyCorp in a research note on Thursday, April 17th. Finally, Morgan Stanley reaffirmed an "equal weight" rating on shares of KeyCorp in a report on Thursday, April 17th. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $19.15.

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.