Intact Investment Management Inc. Has $4.01 Million Stock Position in KeyCorp (NYSE:KEY)

Intact Investment Management Inc. lifted its stake in KeyCorp (NYSE:KEY) by 17.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 278,200 shares of the financial services provider’s stock after acquiring an additional 42,000 shares during the quarter. Intact Investment Management Inc.’s holdings in KeyCorp were worth $4,006,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bruce G. Allen Investments LLC bought a new stake in shares of KeyCorp in the fourth quarter valued at approximately $26,000. Sound Income Strategies LLC boosted its position in KeyCorp by 3,600.0% during the fourth quarter. Sound Income Strategies LLC now owns 1,887 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 1,836 shares during the last quarter. Cary Street Partners Investment Advisory LLC bought a new stake in KeyCorp during the third quarter valued at $28,000. Baldwin Brothers LLC MA bought a new stake in KeyCorp during the fourth quarter valued at $35,000. Finally, Creative Financial Designs Inc. ADV boosted its position in shares of KeyCorp by 195.2% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,666 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 1,763 shares in the last quarter. Institutional investors own 79.69% of the company’s stock.

Insiders Place Their Bets

In other news, insider Angela G. Mago sold 3,405 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $14.24, for a total value of $48,487.20. Following the completion of the sale, the insider now directly owns 214,630 shares in the company, valued at $3,056,331.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Kenneth C. Gavrity sold 2,376 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $14.03, for a total value of $33,335.28. Following the sale, the insider now owns 98,120 shares of the company’s stock, valued at $1,376,623.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Angela G. Mago sold 3,405 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $14.24, for a total transaction of $48,487.20. Following the sale, the insider now directly owns 214,630 shares in the company, valued at approximately $3,056,331.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,442 shares of company stock worth $303,914. Company insiders own 0.61% of the company’s stock.

KeyCorp Stock Up 0.6 %

Shares of KeyCorp stock traded up $0.09 on Friday, reaching $14.70. The stock had a trading volume of 11,793,143 shares, compared to its average volume of 14,096,899. The stock has a market capitalization of $13.63 billion, a P/E ratio of 18.61 and a beta of 1.29. KeyCorp has a 1 year low of $8.53 and a 1 year high of $15.86. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.72. The company has a 50 day moving average price of $14.76 and a 200 day moving average price of $13.56.

KeyCorp (NYSE:KEY) last released its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). KeyCorp had a net margin of 7.53% and a return on equity of 8.89%. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the company earned $0.44 earnings per share. The firm’s revenue was down 10.6% on a year-over-year basis. As a group, equities research analysts forecast that KeyCorp will post 1.15 EPS for the current year.

Analysts Set New Price Targets

KEY has been the topic of a number of analyst reports. Royal Bank of Canada upped their target price on shares of KeyCorp from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Friday, April 19th. Morgan Stanley lifted their target price on shares of KeyCorp from $12.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Jefferies Financial Group lifted their price target on shares of KeyCorp from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Keefe, Bruyette & Woods lifted their price target on shares of KeyCorp from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Friday, April 5th. Finally, Wedbush reduced their price objective on shares of KeyCorp from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, January 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.71.

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.