Haverford Trust Co Lowers Holdings in KeyCorp (NYSE:KEY)

Haverford Trust Co cut its holdings in KeyCorp (NYSE:KEY - Free Report) by 78.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,209 shares of the financial services provider's stock after selling 40,017 shares during the quarter. Haverford Trust Co's holdings in KeyCorp were worth $188,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Ontario Teachers Pension Plan Board increased its stake in shares of KeyCorp by 8.8% during the first quarter. Ontario Teachers Pension Plan Board now owns 21,690,319 shares of the financial services provider's stock worth $342,924,000 after acquiring an additional 1,748,633 shares during the period. Diamond Hill Capital Management Inc. lifted its holdings in shares of KeyCorp by 12.2% in the second quarter. Diamond Hill Capital Management Inc. now owns 20,295,788 shares of the financial services provider's stock valued at $288,403,000 after purchasing an additional 2,213,872 shares in the last quarter. Earnest Partners LLC lifted its holdings in shares of KeyCorp by 23.2% in the second quarter. Earnest Partners LLC now owns 12,430,048 shares of the financial services provider's stock valued at $176,631,000 after purchasing an additional 2,339,454 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of KeyCorp by 2.9% in the second quarter. Dimensional Fund Advisors LP now owns 10,508,853 shares of the financial services provider's stock valued at $149,299,000 after purchasing an additional 300,339 shares in the last quarter. Finally, Ceredex Value Advisors LLC lifted its stake in shares of KeyCorp by 112.4% during the second quarter. Ceredex Value Advisors LLC now owns 6,647,393 shares of the financial services provider's stock valued at $94,459,000 after buying an additional 3,517,755 shares during the period. 79.69% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other 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 transaction of $294,065.49. Following the transaction, the insider now directly owns 234,582 shares of the company's stock, valued at approximately $4,595,461.38. This trade represents a 6.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carlton L. Highsmith sold 9,000 shares of the business's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $17.14, for a total transaction of $154,260.00. Following the sale, 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 position. The disclosure for this sale can be found here. Company insiders own 0.61% of the company's stock.

KeyCorp Stock Performance

Shares of NYSE:KEY traded down $0.09 during trading on Friday, reaching $19.05. The stock had a trading volume of 3,172,974 shares, compared to its average volume of 13,913,909. KeyCorp has a 52 week low of $11.64 and a 52 week high of $20.00. The firm has a market capitalization of $18.88 billion, a price-to-earnings ratio of 1,901.00, a P/E/G ratio of 1.05 and a beta of 1.24. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.09. The stock has a fifty day simple moving average of $17.16 and a two-hundred day simple moving average of $15.77.

KeyCorp (NYSE:KEY - Get Free Report) last announced its quarterly 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. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. KeyCorp had a net margin of 0.76% and a return on equity of 8.24%. As a group, analysts anticipate that KeyCorp will post 1.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

KEY has been the subject of several research analyst reports. The Goldman Sachs Group set a $19.00 price target on shares of KeyCorp in a research report on Thursday, October 17th. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $18.00 price objective on shares of KeyCorp in a research report on Tuesday, September 10th. Baird R W lowered shares of KeyCorp from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 14th. 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 report on Monday, August 19th. Finally, Wells Fargo & Company increased their price objective on shares of KeyCorp from $20.00 to $22.00 and gave the stock an "overweight" rating in a research report on Friday. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, KeyCorp presently has a consensus rating of "Moderate Buy" and a consensus target price of $18.03.

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.