KEYBANK NATIONAL ASSOCIATION/OH recently submitted its 13F report for the fourth quarter of 2022 ended 12/31/2022.
The 13F report highlights which stocks were in a guru’s stock portfolio at the end of the quarter, although investors should note that these filings are limited in scope and provide only a snapshot of long positions in US-listed stocks and US depositary receipts include quarter-end. They do not have to include international holdings, short positions, or any other type of investment. Nevertheless, even this limited submission can provide valuable information.
The KeyBank National Association is an American regional bank that offers a variety of consumer banking products and services. The company was founded in 1994 but can trace its history back to 1825 to the Commercial Bank of Albany, New York. The Commercial Bank of Albany was formed in 1825, although under the National Banking Act 1864 it was to be reorganized and become the National Commercial Bank of Albany. The firm continued to enjoy moderate growth and expansion for over a century, merging with First Trust and Deposit in 1971 to become First Commercial Banks and renaming itself Key Bank in 1979. By this time there was an ambitious new CEO named Victor J. Riley, Jr. Focused on growth and expansion through acquisitions and merging with numerous New York companies before expanding his reach and the company’s fortunes in just four years between 1985 and increased from $3 billion to $15 billion in 1990. The Society National Bank was founded as the Society for Savings in 1849 as a mutual savings bank by Samuel H. Mather. The bank would remain extremely conservative despite its growth, which enabled it to avoid the numerous depressions and financial panics from its inception through the 20th century. The company became a public company in 1958 and began acquiring a number of small banks, which renamed themselves Society National Bank. In the early 1990s, the company acquired Trustcorp and Ameritrust Bank. In 1994, Society National Bank merged with Key Bank to create the current KeyBank company, KeyCorp’s lead subsidiary, making it one of the top 10 US banks for a period. The bank currently employs over 14,000 people and has over $91 billion in assets. KeyBank is the 29th largest bank in the US and a state chartered bank with over 1,000 branches in 31 states.
According to the latest 13F report, the guru’s stock portfolio contained 1052 stocks valued at a total of $20.37 billion. The top positions were
According to GuruFocus data, these were KEYBANK NATIONAL ASSOCIATION/OH’s top five trades for the quarter.
iShares Russell 3000 ETF
During the quarter, KEYBANK NATIONAL ASSOCIATION/OH purchased 207,085 shares of ARCA:IWV for a total holding of 281,888. Trading had a 0.22% impact on the stock portfolio. During the quarter, the stock traded at an average price of $229.05.
On 02/01/2023 the iShares Russell 3000 ETF was trading at a price of $235.66 per share and a market capitalization of $11.06 billion. The stock has returned -8.42% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
Valuation-wise, the iShares Russell 3000 ETF has a price-to-earnings ratio of 19.35 and a price-to-book ratio of 3.51.
Kellogg Co
KEYBANK NATIONAL ASSOCIATION/OH reduced its investment in NYSE:K by 264,465 shares. Trading had a 0.09% impact on the stock portfolio. During the quarter, the stock traded at an average price of $73.2.
On 02/01/2023, Kellogg Co was trading at $68.58 per share and a market capitalization of $23.41 billion. The stock has returned 12.46% over the past year.
GuruFocus rates the company 5 out of 10 for financial strength and 8 out of 10 for profitability.
In terms of valuation, Kellogg Co has a price-to-earnings ratio of 15.80, a price-to-book ratio of 5.46, a price-to-earnings-to-growth (PEG) ratio of 2.77, one EV -to-Ebitda ratio of 11.78 and a price-to-sales ratio of 1.56.
The price-to-GF-value ratio is 0.96, giving the stock a GF-value rank of 6.
iShares MSCI USA Quality Factor ETF
KEYBANK NATIONAL ASSOCIATION/OH reduced its investment in BATS:QUAL by 146,040 shares. Trading had a 0.08% impact on the stock portfolio. During the quarter, the stock traded at an average price of $116.43.
On 02/01/2023, the iShares MSCI USA Quality Factor ETF traded at a price of $122.11 per share and a market capitalization of $18.82 billion. The stock has returned -8.45% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
Valuation-wise, the iShares MSCI USA Quality Factor ETF has a price-to-earnings ratio of 17.27 and a price-to-book ratio of 6.03.
Invesco S&P 500 Equal Weight ETF
During the quarter, KEYBANK NATIONAL ASSOCIATION/OH purchased 112,817 shares of ARCA:RSP for a total holding of 4,632,607. The trading had an impact of 0.07000000000000001% on the stock portfolio. During the quarter, the stock traded at an average price of $140.49.
On 02/01/2023 the Invesco S&P 500 Equal Weight ETF traded at a price of $151.69 per share and a market capitalization of $36.20 billion. The stock has returned -0.75% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
Valuation-wise, the Invesco S&P 500 Equal Weight ETF has a price-to-earnings ratio of 17.52 and a price-to-book ratio of 2.78.
iShares TIPS Bond ETF
KEYBANK NATIONAL ASSOCIATION/OH reduced its investment in ARCA:TIP by 126,316 shares. The trading had an impact of 0.07000000000000001% on the stock portfolio. During the quarter, the stock traded at an average price of $111.92.
On 02/01/2023, the iShares TIPS Bond ETF traded at a price of $108.65 per share and a market capitalization of $23.24 billion. The stock has returned -8.56% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
Please note that the facts and figures quoted are as of the writing of this article and may not reflect the latest trading data or company announcements.
When GuruFocus covers inside information, we only track the open market or private purchase and sale of common stock with transaction code P or S. Therefore, all transactions mentioned in this article are only those with transaction code P or S.
Would you like to provide feedback on this article? Do you have any questions or concerns? Contact us here or send us an email [email protected]!
This article is general in nature and does not represent the opinion of GuruFocus or any of its affiliates. This article does not constitute financial, investment advice or a recommendation. It was written without considering your individual situation or financial goals. Our goal is to provide you with fundamental, data-driven analytics. The information on this website is in no way guaranteed for completeness, accuracy or otherwise.
Comments are closed.