Aigen Investment Management LP Sells 48,283 Shares of KeyCorp (NYSE:KEY)

Aigen Investment Management LP cut its stake in shares of KeyCorp (NYSE:KEY - Free Report) by 67.7% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 23,002 shares of the financial services provider's stock after selling 48,283 shares during the period. Aigen Investment Management LP's holdings in KeyCorp were worth $385,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Wolff Wiese Magana LLC increased its stake in shares of KeyCorp by 285.5% in the third quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider's stock worth $26,000 after buying an additional 1,142 shares during the last quarter. Pathway Financial Advisers LLC acquired a new stake in shares of KeyCorp in the 1st quarter valued at about $25,000. American Capital Advisory LLC acquired a new stake in shares of KeyCorp in the 3rd quarter valued at about $28,000. Crewe Advisors LLC acquired a new position in KeyCorp in the first quarter worth about $32,000. Finally, Catalyst Capital Advisors LLC bought a new stake in KeyCorp in the third quarter valued at about $35,000. Hedge funds and other institutional investors own 79.69% of the company's stock.

Insider Transactions at KeyCorp

In other KeyCorp news, insider Angela G. Mago sold 15,011 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $19.59, for a total transaction of $294,065.49. Following the completion of the transaction, the insider now owns 234,582 shares of the company's stock, valued at approximately $4,595,461.38. The trade was a 6.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carlton L. Highsmith sold 9,000 shares of the firm's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $17.14, for a total transaction of $154,260.00. Following the transaction, the director now directly owns 37,864 shares of the company's stock, valued at $648,988.96. The trade was a 19.20 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.61% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on KEY. Citigroup downgraded shares of KeyCorp from a "buy" rating to a "neutral" rating and set a $19.00 price objective for the company. in a report on Thursday, November 7th. Jefferies Financial Group increased their price objective on shares of KeyCorp from $18.00 to $19.00 and gave the stock a "buy" rating in a research note on Monday, August 19th. Wedbush raised their target price on shares of KeyCorp from $17.00 to $18.00 and gave the stock a "neutral" rating in a report on Tuesday, September 24th. Royal Bank of Canada increased their price target on KeyCorp from $17.00 to $18.00 and gave the stock an "outperform" rating in a research report on Friday, October 18th. Finally, Robert W. Baird lowered KeyCorp from an "outperform" rating to a "neutral" rating and dropped their target price for the stock from $18.00 to $17.00 in a research report on Monday, October 14th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $18.03.

KeyCorp Price Performance

NYSE KEY traded up $0.02 during trading hours on Friday, reaching $19.16. 7,938,942 shares of the company's stock were exchanged, compared to its average volume of 13,935,396. KeyCorp has a one year low of $11.64 and a one year high of $20.00. The firm has a fifty day moving average of $17.16 and a 200-day moving average of $15.77. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.09. The stock has a market cap of $18.99 billion, a PE ratio of 1,901.00, a price-to-earnings-growth ratio of 1.05 and a beta of 1.24.

KeyCorp (NYSE:KEY - Get Free Report) last issued its earnings results on Thursday, October 17th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.03. KeyCorp had a net margin of 0.76% and a return on equity of 8.24%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. On average, equities research analysts predict that KeyCorp will post 1.08 earnings per share for the current fiscal year.

KeyCorp Profile

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.