New York State In-depth

Top 5 2nd Quarter Trades of KE

KEYBANK NATIONAL ASSOCIATION/OH recently filed their 13F report for the second quarter of 2022, which ended on 2022-06-30.

The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, although investors should note that these filings are limited in scope, containing only a snapshot of long positions in US-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.

KeyBank National Association is an American regional bank that provides a variety of consumer banking products and services. The company was formed in 1994 but can trace its history back to 1825 to the Commercial Bank of Albany, New York. The Commercial Bank of Albany was chartered in 1825, although it would be reorganized under the National Banking Act of 1864 and become the National Commercial Bank of Albany. The company would continue to have moderate growth and expansion for over a century, merging with First Trust and Deposit in 1971 to become the First Commercial Banks, renaming itself to Key Bank in 1979. At that point an ambitious new CEO named Victor J. Riley , Jr. would focus on growth and expansion through acquisitions, merging with numerous companies through New York before expanding his scope, growing the company’s assets from $3 billion to $15 billion in just four years between 1985 and 1990. The Society National Bank was founded as Society for Savings in 1849 as a mutual savings bank by Samuel H. Mather. The bank would remain extremely conservative despite its growth, allowing it to avoid the numerous depressions and financial panics from its inception into the 20th century. The company would become a public company in 1958 and begin acquiring a variety of small banks, renaming itself into Society National Bank. In the early 1990s, the company would acquire Trustcorp and Ameritrust Bank. In 1994, the Society National Bank would merge with Key Bank to form the current KeyBank company, the leading subsidiary of KeyCorp, and make it one of the top 10 US banks for a period of time. The bank currently employs over 14,000 people and has a total of over $91 billion total assets. KeyBank is the 29th largest bank in the US and is a nationally chartered bank with over 1,000 branches located in 31 states.

As of the latest 13F report, the guru’s equity portfolio contained 1059 stocks valued at a total of $20.48Bil. The top holdings were K(7.35%), IVV(5.59%), and AAPL(4.37%).

According to GuruFocus data, these were KEYBANK NATIONAL ASSOCIATION/OH’s top five trades of the quarter.

Align Technology Inc

During the quarter, KEYBANK NATIONAL ASSOCIATION/OH bought 426,001 shares of NAS:ALGN for a total holding of 426,754. The trade had a 0.49% impact on the equity portfolio. During the quarter, the stock traded for an average price of $309.28.

On 08/08/2022, Align Technology Inc traded for a price of $291.7 per share and a market cap of $23.02Bil. The stock has returned -57.89% over the past year.

GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 10 out of 10.

In terms of valuation, Align Technology Inc has a price-earnings ratio of 37.34, a price-book ratio of 6.40, a price-earnings-to-growth (PEG) ratio of 1.48, an EV-to-Ebitda ratio of 23.24 and a price-sales ratio of 5.79.

The price-to-GF Value ratio is 0.56, earning the stock a GF Value rank of 4.

Janus Henderson AAA CLO ETF

During the quarter, KEYBANK NATIONAL ASSOCIATION/OH bought 760,546 shares of ARCA:JAAA for a total holding of 1,438,227. The trade had a 0.18% impact on the equity portfolio. During the quarter, the stock traded for an average price of $49.5.

On 08/08/2022, Janus Henderson AAA CLO ETF traded for a price of $49.18 per share and a market cap of $1.45Bil. The stock has returned -1.46% over the past year.

There is insufficient data to calculate the stock’s financial strength and profitability ratings.

Johnson&Johnson

During the quarter, KEYBANK NATIONAL ASSOCIATION/OH bought 210,966 shares of NYSE:JNJ for a total holding of 1,628,547. The trade had a 0.18% impact on the equity portfolio. During the quarter, the stock traded for an average price of $178.16.

On 08/08/2022, Johnson & Johnson traded for a price of $169.79 per share and a market cap of $446.09Bil. The stock has returned 0.50% over the past year.

GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 9 out of 10.

In terms of valuation, Johnson & Johnson has a price-earnings ratio of 24.69, a price-book ratio of 5.84, a price-earnings-to-growth (PEG) ratio of 6.33, an EV-to-Ebitda ratio of 16.11 and a price-sales ratio of 4.74.

The price-to-GF Value ratio is 0.96, earning the stock a GF Value rank of 6.

JPMorgan Chase & Co

KEYBANK NATIONAL ASSOCIATION/OH reduced their investment in NYSE:JPM by 262,288 shares. The trade had a 0.15% impact on the equity portfolio. During the quarter, the stock traded for an average price of $124.09.

On 08/08/2022, JPMorgan Chase & Co traded for a price of $115.2 per share and a market cap of $337.89Bil. The stock has returned -24.30% over the past year.

GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rating of 6 out of 10.

In terms of valuation, JPMorgan Chase & Co has a price-earnings ratio of 9.26, a price-book ratio of 1.33, a price-earnings-to-growth (PEG) ratio of 1.38 and a price-sales ratio of 2.86.

The price-to-GF Value ratio is 0.79, earning the stock a GF Value rank of 9.

Inspire Medical Systems Inc

During the quarter, KEYBANK NATIONAL ASSOCIATION/OH bought 161,110 shares of NYSE:INSP for a total holding of 162,193. The trade had a 0.14% impact on the equity portfolio. During the quarter, the stock traded for an average price of $200.33.

On 08/08/2022, Inspire Medical Systems Inc traded for a price of $217.05 per share and a market cap of $6.00Bil. The stock has returned 1.49% over the past year.

GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 3 out of 10.

In terms of valuation, Inspire Medical Systems Inc has a price-book ratio of 26.41, an EV-to-Ebitda ratio of -145.39 and a price-sales ratio of 19.80.

The price-to-GF Value ratio is 0.65, earning the stock a GF Value rank of 8.

Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.

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