Finance

Dissecting the Insider Trading Patterns of KeyCorp (KEY)

Recent insider trends for KeyCorp (NYSE:KEY) have caught the attention of investors. Insider data is useful because it can reveal what a company’s executives and largest shareholders feel about a stock. In this case, the data has some interesting things to say about how KEY might perform in the future.

Institutions own 83.29% of KeyCorp (KEY)’s shares. The total value of these holdings, in millions, is $17,313. Among active positions in the latest quarter, 312 holders increased their positions by a total of 84.98 million shares, 299 holders decreased the positions by a total of 72.25 million shares, and 111 holders held their positions. This works out to a net increase in ownership of 12.73 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 66 holders initiated new positions by a total of 35.01 million shares and 56 holders exited their positions by a total of 14.03 million shares. This nets out to an increase of 20.99 million shares and is a bullish sign for KEY.

In the last three months, insiders executed a total of 9 trades. 1 of these were buys and 8 were sells. Insider ownership decreased by a total of 113058 shares, which suggests that KEY’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 16 buys and 65 sells, and ownership decreased by a net of 1.93 million shares.



Analysts often look at short interest, or the number of shares currently being shorted by investors, to aid in their outlook for a particular stock. KeyCorp (NYSE:KEY)’s short interest is 15.93 million shares, or % of the float. This represents an increase of 34% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.

Given what the insider ownership patterns are saying, it makes sense to consider the technicals to see if these pieces of information reach the same conclusion about the outlook for KEY. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that KEY is a Strong buy, which implies that KEY is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bearish. Technical indicators (also) suggest that KeyCorp (NYSE:KEY) is undervalued.

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