Kohmann Bosshard Financial Services LLC Buys 11,370 Shares of KeyCorp (NYSE:KEY)

Kohmann Bosshard Financial Services LLC increased its position in shares of KeyCorp (NYSE:KEY) by 107.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,979 shares of the financial services provider’s stock after acquiring an additional 11,370 shares during the quarter. Kohmann Bosshard Financial Services LLC’s holdings in KeyCorp were worth $368,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Ceredex Value Advisors LLC raised its holdings in KeyCorp by 112.4% in the second quarter. Ceredex Value Advisors LLC now owns 6,647,393 shares of the financial services provider’s stock worth $94,459,000 after purchasing an additional 3,517,755 shares during the period. Westfield Capital Management Co. LP acquired a new stake in KeyCorp during the 1st quarter worth $42,857,000. National Bank of Canada FI lifted its holdings in KeyCorp by 1,051.3% during the first quarter. National Bank of Canada FI now owns 2,569,771 shares of the financial services provider’s stock worth $38,752,000 after acquiring an additional 2,346,565 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in KeyCorp in the second quarter valued at about $33,273,000. Finally, Earnest Partners LLC increased its holdings in shares of KeyCorp by 23.2% in the second quarter. Earnest Partners LLC now owns 12,430,048 shares of the financial services provider’s stock worth $176,631,000 after acquiring an additional 2,339,454 shares in the last quarter. Institutional investors and hedge funds own 79.69% of the company’s stock.

KeyCorp Trading Up 0.6 %

Shares of KeyCorp stock opened at $17.35 on Friday. KeyCorp has a 12-month low of $9.50 and a 12-month high of $17.94. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.37. The business’s 50 day moving average is $16.61 and its 200-day moving average is $15.35. The stock has a market cap of $16.36 billion, a P/E ratio of 21.96, a P/E/G ratio of 0.97 and a beta of 1.25.

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

Wall Street Analysts Forecast Growth

KEY has been the topic of several recent analyst reports. Royal Bank of Canada lifted their price objective on KeyCorp from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Friday. Wedbush upped their price target on shares of KeyCorp from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. DA Davidson raised their price objective on shares of KeyCorp from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $18.00 price objective on shares of KeyCorp in a research report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. lowered their target price on KeyCorp from $17.50 to $16.50 and set a “neutral” rating for the company in a report on Thursday, June 27th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, KeyCorp currently has an average rating of “Moderate Buy” and a consensus price target of $17.50.

Insider Buying and Selling

In related news, Director Carlton L. Highsmith sold 10,000 shares of KeyCorp stock in a transaction that occurred 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 directly owns 46,864 shares of the company’s stock, valued at approximately $759,665.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.61% of the stock is currently owned by corporate insiders.

About KeyCorp

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.