LMR Partners LLP lowered its stake in KeyCorp (NYSE:KEY) by 35.5% during the second quarter, Holdings Channel reports. The firm owned 42,237 shares of the financial services provider’s stock after selling 23,205 shares during the period. LMR Partners LLP’s holdings in KeyCorp were worth $466,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Bank of Montreal Can acquired a new stake in KeyCorp during the second quarter valued at about $185,766,000. Renaissance Technologies LLC acquired a new stake in KeyCorp during the first quarter valued at about $30,658,000. Samlyn Capital LLC boosted its stake in KeyCorp by 69.5% in the first quarter. Samlyn Capital LLC now owns 14,217,900 shares of the financial services provider’s stock valued at $156,966,000 after buying an additional 5,830,900 shares during the period. Boston Advisors LLC boosted its stake in KeyCorp by 3.4% in the second quarter. Boston Advisors LLC now owns 1,064,933 shares of the financial services provider’s stock valued at $11,768,000 after buying an additional 35,237 shares during the period. Finally, Geode Capital Management LLC boosted its stake in KeyCorp by 2.7% in the first quarter. Geode Capital Management LLC now owns 7,476,448 shares of the financial services provider’s stock valued at $82,386,000 after buying an additional 195,301 shares during the period. Institutional investors and hedge funds own 66.25% of the company’s stock.
Shares of KeyCorp (NYSE:KEY) traded down 0.08% during trading on Wednesday, reaching $12.73. The company’s stock had a trading volume of 15,959,502 shares. KeyCorp has a 1-year low of $9.88 and a 1-year high of $14.01. The company’s 50-day moving average price is $12.36 and its 200 day moving average price is $11.95. The stock has a market capitalization of $13.78 billion, a price-to-earnings ratio of 13.16 and a beta of 1.21.
KeyCorp (NYSE:KEY) last announced its quarterly earnings data on Tuesday, July 26th. The financial services provider reported $0.27 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.27. KeyCorp had a net margin of 17.81% and a return on equity of 8.46%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the business posted $0.27 earnings per share. KeyCorp’s revenue was down .1% compared to the same quarter last year. Analysts anticipate that KeyCorp will post $1.06 EPS for the current year.
Several equities research analysts have recently issued reports on KEY shares. Zacks Investment Research upgraded KeyCorp from a “sell” rating to a “hold” rating in a report on Tuesday, October 4th. Citigroup Inc. raised their price objective on KeyCorp from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, August 22nd. Nomura restated a “buy” rating and set a $12.00 price objective on shares of KeyCorp in a report on Sunday, July 10th. Jefferies Group restated a “buy” rating on shares of KeyCorp in a report on Wednesday, June 29th. Finally, Morgan Stanley raised KeyCorp from an “equal weight” rating to an “overweight” rating and set a $15.00 target price on the stock in a research report on Tuesday, July 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $14.39.
KeyCorp is a bank holding company. The Bank operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, the Company provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, commercial mortgage servicing and special servicing, and investment banking products and services to individual, corporate and institutional clients.