7,159 Shares in KeyCorp (NYSE:KEY) Purchased by ORG Wealth Partners LLC

ORG Wealth Partners LLC purchased a new position in shares of KeyCorp (NYSE:KEY) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,159 shares of the financial services provider’s stock, valued at approximately $120,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Exchange Traded Concepts LLC lifted its position in KeyCorp by 4.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 199,297 shares of the financial services provider’s stock worth $3,338,000 after buying an additional 9,140 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in KeyCorp by 628.9% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 8,113 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 7,000 shares during the period. Hexagon Capital Partners LLC lifted its position in KeyCorp by 189.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 2,311 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 1,513 shares during the period. Brookstone Capital Management lifted its position in KeyCorp by 14.7% during the 3rd quarter. Brookstone Capital Management now owns 11,681 shares of the financial services provider’s stock valued at $196,000 after purchasing an additional 1,501 shares during the period. Finally, Atomi Financial Group Inc. lifted its position in KeyCorp by 22.1% during the 3rd quarter. Atomi Financial Group Inc. now owns 41,471 shares of the financial services provider’s stock valued at $695,000 after purchasing an additional 7,493 shares during the period. Institutional investors and hedge funds own 79.69% of the company’s stock.

KeyCorp Trading Up 1.0 %

NYSE KEY opened at $17.40 on Tuesday. The company has a market cap of $16.41 billion, a PE ratio of 22.03, a PEG ratio of 0.94 and a beta of 1.25. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.37. KeyCorp has a 12 month low of $9.50 and a 12 month high of $17.47. The stock has a 50 day moving average of $16.37 and a 200-day moving average of $15.30.

KeyCorp (NYSE:KEY) last released its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.52 billion. KeyCorp had a return on equity of 8.64% and a net margin of 7.35%. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 EPS. On average, equities research analysts anticipate that KeyCorp will post 1.08 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on KEY. Evercore ISI upped their target price on shares of KeyCorp from $18.50 to $20.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Morgan Stanley upped their target price on shares of KeyCorp from $18.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 14th. JPMorgan Chase & Co. lowered their price target on KeyCorp from $17.50 to $16.50 and set a “neutral” rating for the company in a research note on Thursday, June 27th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $18.00 price target on shares of KeyCorp in a research note on Tuesday, September 10th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $17.00 price target on shares of KeyCorp in a research note on Tuesday, August 13th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, KeyCorp presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.21.

Insider Buying and Selling at KeyCorp

In other KeyCorp news, Director Carlton L. Highsmith sold 10,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $16.21, for a total transaction of $162,100.00. Following the completion of the sale, the director now owns 46,864 shares of the company’s stock, valued at $759,665.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.61% of the company’s stock.

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.