XTX Topco Ltd Sells 133,994 Shares of KeyCorp (NYSE:KEY)

XTX Topco Ltd lowered its position in shares of KeyCorp (NYSE:KEY - Free Report) by 67.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,838 shares of the financial services provider's stock after selling 133,994 shares during the period. XTX Topco Ltd's holdings in KeyCorp were worth $1,094,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Whittier Trust Co. increased its holdings in shares of KeyCorp by 110.3% in the fourth quarter. Whittier Trust Co. now owns 1,525 shares of the financial services provider's stock worth $26,000 after buying an additional 800 shares during the period. Ethos Financial Group LLC purchased a new position in KeyCorp in the 4th quarter worth approximately $27,000. SBI Securities Co. Ltd. bought a new stake in KeyCorp in the fourth quarter valued at approximately $34,000. TCTC Holdings LLC boosted its stake in shares of KeyCorp by 38.6% during the fourth quarter. TCTC Holdings LLC now owns 2,195 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 611 shares during the period. Finally, Whipplewood Advisors LLC bought a new position in shares of KeyCorp in the fourth quarter worth approximately $45,000. 79.69% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Of Nova Scotia Bank bought 50,000 shares of the firm's stock in a transaction on Wednesday, February 5th. The stock was acquired at an average cost of $17.85 per share, for a total transaction 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. This represents a 0.03 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.52% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Baird R W upgraded shares of KeyCorp from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. DA Davidson cut their target price on KeyCorp from $22.00 to $21.00 and set a "buy" rating on the stock in a research note on Wednesday, January 22nd. Morgan Stanley reiterated an "equal weight" rating on shares of KeyCorp in a report on Thursday. Truist Financial reduced their price target on shares of KeyCorp from $19.00 to $18.00 and set a "hold" rating on the stock in a research report on Friday, March 21st. Finally, Royal Bank of Canada reiterated an "outperform" rating on shares of KeyCorp in a report on Thursday. Seven investment 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 MarketBeat, KeyCorp currently has an average rating of "Moderate Buy" and a consensus price target of $19.50.

KeyCorp Stock Down 2.6 %

Shares of NYSE:KEY traded down $0.37 during trading on Monday, reaching $13.90. 2,716,008 shares of the stock traded hands, compared to its average volume of 12,940,659. The stock has a market cap of $15.23 billion, a P/E ratio of -46.32, a price-to-earnings-growth ratio of 0.65 and a beta of 1.06. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.84 and a current ratio of 0.85. The stock has a 50-day moving average of $15.75 and a two-hundred day moving average of $17.14. 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 earnings results on Thursday, April 17th. The financial services provider reported $0.33 EPS for the quarter, topping 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 analyst estimates of $1.77 billion. During the same quarter last year, the company earned $0.20 EPS. As a group, sell-side 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 permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to repurchase up to 6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board believes its stock is 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.