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45,660 Shares in KeyCorp (NYSE:KEY) Acquired by Entropy Technologies LP

KeyCorp logo with Finance background

Entropy Technologies LP bought a new position in KeyCorp (NYSE:KEY - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 45,660 shares of the financial services provider's stock, valued at approximately $765,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KEY. Freestone Capital Holdings LLC bought a new position in shares of KeyCorp during the 1st quarter valued at about $561,000. Assenagon Asset Management S.A. increased its stake in KeyCorp by 87.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,308,797 shares of the financial services provider's stock worth $18,598,000 after acquiring an additional 610,688 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of KeyCorp by 14.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 657,913 shares of the financial services provider's stock worth $10,928,000 after acquiring an additional 85,052 shares in the last quarter. MBB Public Markets I LLC purchased a new stake in shares of KeyCorp during the 2nd quarter worth approximately $981,000. Finally, Cetera Investment Advisers boosted its position in shares of KeyCorp by 274.4% during the 1st quarter. Cetera Investment Advisers now owns 332,140 shares of the financial services provider's stock valued at $5,251,000 after acquiring an additional 243,437 shares during the last quarter. Institutional investors own 79.69% of the company's stock.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of research firms recently issued reports on KEY. Jefferies Financial Group upped their price target on shares of KeyCorp from $18.00 to $19.00 and gave the company a "buy" rating in a research note on Monday, August 19th. Morgan Stanley increased their price target on shares of KeyCorp from $18.00 to $20.00 and gave the company an "equal weight" rating in a report on Wednesday, August 14th. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $18.00 price objective on shares of KeyCorp in a research note on Tuesday, September 10th. Wells Fargo & Company raised their price objective on KeyCorp from $20.00 to $22.00 and gave the company an "overweight" rating in a research note on Friday. Finally, DA Davidson lifted their target price on KeyCorp from $19.00 to $20.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $18.03.

Check Out Our Latest Stock Analysis on KeyCorp

KeyCorp Trading Up 0.1 %

KEY stock traded up $0.02 during mid-day trading on Friday, reaching $19.16. The company had a trading volume of 7,938,942 shares, compared to its average volume of 13,935,396. The company has a market capitalization 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. The firm has a 50 day moving average of $17.16 and a 200 day moving average of $15.77. KeyCorp has a 12 month low of $11.64 and a 12 month high of $20.00. 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 (NYSE:KEY - Get Free Report) last issued its earnings results on Thursday, October 17th. The financial services provider reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.03. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. KeyCorp had a return on equity of 8.24% and a net margin of 0.76%. On average, equities analysts predict that KeyCorp will post 1.08 earnings per share for the current fiscal year.

About KeyCorp

(Free Report)

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.

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Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

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