KeyCorp (NYSE:KEY) Shares Sold by KBC Group NV

KBC Group NV decreased its position in KeyCorp (NYSE:KEY - Free Report) by 68.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 511,458 shares of the financial services provider's stock after selling 1,096,053 shares during the quarter. KBC Group NV owned 0.05% of KeyCorp worth $8,566,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC acquired a new position in shares of KeyCorp in the 1st quarter valued at about $25,000. Wolff Wiese Magana LLC lifted its holdings in 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 acquiring an additional 1,142 shares during the last quarter. American Capital Advisory LLC bought a new position in shares of KeyCorp during the third quarter valued at approximately $28,000. Crewe Advisors LLC acquired a new stake in shares of KeyCorp during the 1st quarter worth approximately $32,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of KeyCorp in the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 79.69% of the company's stock.

KeyCorp Price Performance

NYSE:KEY traded up $0.02 during midday trading on Friday, hitting $19.16. The company had a trading volume of 7,951,870 shares, compared to its average volume of 9,713,612. The stock's fifty day moving average price is $17.23 and its 200-day moving average price is $15.81. KeyCorp has a 52-week low of $11.64 and a 52-week high of $20.00. 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 company has a market capitalization of $18.99 billion, a PE ratio of 1,916.00, a P/E/G ratio of 1.05 and a beta of 1.24.

KeyCorp (NYSE:KEY - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The financial services provider reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.03. The business had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.59 billion. KeyCorp had a net margin of 0.76% and a return on equity of 8.24%. As a group, research analysts expect that KeyCorp will post 1.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Jefferies Financial Group raised 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. The Goldman Sachs Group set a $19.00 target price on KeyCorp in a research note on Thursday, October 17th. Robert W. Baird cut KeyCorp from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $18.00 to $17.00 in a research note on Monday, October 14th. Morgan Stanley lifted their price objective on shares of KeyCorp from $18.00 to $20.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 14th. Finally, 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. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $18.03.

Insider Activity at KeyCorp

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