Atria Investments Inc Sells 30,384 Shares of KeyCorp (NYSE:KEY)

Atria Investments Inc decreased its holdings in KeyCorp (NYSE:KEY - Free Report) by 46.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 35,161 shares of the financial services provider's stock after selling 30,384 shares during the period. Atria Investments Inc's holdings in KeyCorp were worth $589,000 as of its most recent SEC filing.

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

KeyCorp Stock Up 0.1 %

Shares of NYSE:KEY traded up $0.02 during midday trading on Wednesday, hitting $19.02. 4,536,255 shares of the company's stock were exchanged, compared to its average volume of 13,844,914. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.88 and a quick ratio of 0.88. KeyCorp has a 12 month low of $11.64 and a 12 month high of $20.00. The company has a market cap of $18.85 billion, a PE ratio of 1,889.00, a price-to-earnings-growth ratio of 1.06 and a beta of 1.24. The stock has a 50 day moving average price of $17.36 and a 200-day moving average price of $15.88.

KeyCorp (NYSE:KEY - Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.27 by $0.03. KeyCorp had a return on equity of 8.24% and a net margin of 0.76%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. On average, sell-side analysts anticipate that KeyCorp will post 1.09 EPS for the current fiscal year.

Analyst Ratings Changes

KEY has been the topic of several recent research reports. Citigroup downgraded KeyCorp from a "buy" rating to a "neutral" rating and set a $19.00 price objective on the stock. in a report on Thursday, November 7th. Evercore ISI boosted their price objective on shares of KeyCorp from $18.50 to $20.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 2nd. Jefferies Financial Group lifted their price objective on KeyCorp from $18.00 to $19.00 and gave the stock a "buy" rating in a research note on Monday, August 19th. Barclays boosted their price target on shares of KeyCorp from $16.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Friday, October 18th. Finally, Robert W. Baird cut shares of KeyCorp from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from $18.00 to $17.00 in a research report on Monday, October 14th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, KeyCorp currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.03.

Insiders Place Their Bets

In related news, insider Angela G. Mago sold 15,011 shares of the stock in a transaction dated Wednesday, November 6th. The shares were 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 in the company, valued at approximately $4,595,461.38. This represents a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carlton L. Highsmith sold 9,000 shares of KeyCorp stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $17.14, for a total transaction of $154,260.00. Following the completion of the sale, the director now directly owns 37,864 shares in the company, valued at approximately $648,988.96. This represents a 19.20 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.67% of the company's stock.

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.