Scout Investments Inc. Acquires 72,566 Shares of KeyCorp (KEY)

Scout Investments Inc. boosted its position in shares of KeyCorp (NYSE:KEY) by 5.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,459,365 shares of the financial services provider’s stock after acquiring an additional 72,566 shares during the period. KeyCorp accounts for about 0.8% of Scout Investments Inc.’s holdings, making the stock its 29th biggest position. Scout Investments Inc. owned 135,704.39% of KeyCorp worth $27,465,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Cypress Capital Management LLC WY grew its stake in KeyCorp by 177.9% during the second quarter. Cypress Capital Management LLC WY now owns 7,030 shares of the financial services provider’s stock valued at $132,000 after acquiring an additional 4,500 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in KeyCorp during the third quarter valued at approximately $145,000. Sun Life Financial INC grew its stake in KeyCorp by 80,370.0% during the second quarter. Sun Life Financial INC now owns 8,047 shares of the financial services provider’s stock valued at $151,000 after acquiring an additional 8,037 shares in the last quarter. Quantbot Technologies LP purchased a new position in KeyCorp during the second quarter valued at approximately $174,000. Finally, First Financial Bank Trust Division purchased a new position in KeyCorp during the second quarter valued at approximately $192,000. 81.25% of the stock is owned by institutional investors.

KeyCorp (NYSE:KEY) remained flat at $$17.93 during trading hours on Thursday. 489,471 shares of the company’s stock were exchanged, compared to its average volume of 12,540,814. KeyCorp has a 1 year low of $14.16 and a 1 year high of $19.53. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $19,464.74, a P/E ratio of 13.71, a price-to-earnings-growth ratio of 1.64 and a beta of 1.10.

KeyCorp (NYSE:KEY) last posted its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.35 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.35. KeyCorp had a net margin of 18.69% and a return on equity of 10.35%. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same period in the prior year, the business posted $0.30 EPS. The firm’s revenue was up 13.7% compared to the same quarter last year. analysts expect that KeyCorp will post 1.38 EPS for the current fiscal year.

Several brokerages recently commented on KEY. DA Davidson raised shares of KeyCorp from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $20.00 to $21.00 in a research note on Thursday, July 20th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $21.00 price objective on shares of KeyCorp in a research note on Thursday, October 19th. Citigroup Inc. boosted their price objective on shares of KeyCorp from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, October 9th. Jefferies Group LLC reaffirmed a “buy” rating and set a $21.00 price objective on shares of KeyCorp in a research note on Friday, July 14th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $18.00 price objective on shares of KeyCorp in a research note on Friday, October 6th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $20.53.

In related news, insider Andrew J. Paine III sold 46,854 shares of the company’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $18.56, for a total transaction of $869,610.24. Following the completion of the sale, the insider now directly owns 110,052 shares in the company, valued at approximately $2,042,565.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ruth Ann M. Gillis purchased 2,000 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were purchased at an average price of $17.91 per share, with a total value of $35,820.00. Following the completion of the acquisition, the director now directly owns 10,551 shares in the company, valued at $188,968.41. The disclosure for this purchase can be found here. Insiders have sold a total of 57,212 shares of company stock valued at $1,060,508 over the last quarter. 0.65% of the stock is currently owned by company insiders.

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About KeyCorp

KeyCorp is a bank holding company. The Company is a bank-based financial services company. The Company operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, it provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, and investment banking products and services to individual, corporate and institutional clients.

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Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

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