Natixis Advisors LLC Raises Stock Position in KeyCorp (NYSE:KEY)

Natixis Advisors LLC increased its holdings in KeyCorp (NYSE:KEY - Free Report) by 17.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 689,469 shares of the financial services provider's stock after buying an additional 104,689 shares during the period. Natixis Advisors LLC owned about 0.07% of KeyCorp worth $11,549,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Financial Advocates Investment Management raised its position in shares of KeyCorp by 2.3% in the 3rd quarter. Financial Advocates Investment Management now owns 26,872 shares of the financial services provider's stock worth $450,000 after acquiring an additional 602 shares in the last quarter. HM Payson & Co. grew its stake in KeyCorp by 27.0% in the third quarter. HM Payson & Co. now owns 3,060 shares of the financial services provider's stock valued at $51,000 after purchasing an additional 650 shares during the last quarter. Graypoint LLC raised its holdings in KeyCorp by 4.7% in the third quarter. Graypoint LLC now owns 14,954 shares of the financial services provider's stock worth $250,000 after purchasing an additional 675 shares in the last quarter. Vontobel Holding Ltd. lifted its position in shares of KeyCorp by 2.1% during the third quarter. Vontobel Holding Ltd. now owns 33,728 shares of the financial services provider's stock valued at $565,000 after buying an additional 679 shares during the last quarter. Finally, Empirical Finance LLC boosted its holdings in shares of KeyCorp by 2.2% in the 3rd quarter. Empirical Finance LLC now owns 32,361 shares of the financial services provider's stock valued at $542,000 after buying an additional 705 shares in the last quarter. Hedge funds and other institutional investors own 79.69% of the company's stock.

Wall Street Analysts Forecast Growth

KEY has been the subject of several recent analyst reports. Barclays boosted their price objective on shares of KeyCorp from $16.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Friday, October 18th. Baird R W downgraded KeyCorp from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 14th. Robert W. Baird lowered KeyCorp from an "outperform" rating to a "neutral" rating and reduced their target price for the company from $18.00 to $17.00 in a research report on Monday, October 14th. DA Davidson raised their price target on KeyCorp from $19.00 to $20.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Finally, Citigroup lowered KeyCorp from a "buy" rating to a "neutral" rating and set a $19.00 price target on the stock. in a research note on Thursday, November 7th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $18.03.

KeyCorp Stock Up 0.1 %

NYSE:KEY opened at $19.02 on Thursday. The firm has a market capitalization of $18.85 billion, a P/E ratio of 1,902.00, a PEG ratio of 1.05 and a beta of 1.24. The company's fifty day moving average price is $17.42 and its 200-day moving average price is $15.90. KeyCorp has a 1-year low of $11.64 and a 1-year 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 announced its quarterly earnings results on Thursday, October 17th. The financial services provider reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.03. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. KeyCorp had a return on equity of 8.24% and a net margin of 0.76%. As a group, equities research analysts anticipate that KeyCorp will post 1.09 EPS for the current year.

Insider Activity at KeyCorp

In other KeyCorp news, insider Angela G. Mago sold 15,011 shares of the company's stock in a transaction dated 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 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Carlton L. Highsmith sold 9,000 shares of the firm's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $17.14, for a total value of $154,260.00. Following the sale, the director now owns 37,864 shares in the company, valued at $648,988.96. This trade represents 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.

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.