137,126 Shares in KeyCorp (NYSE:KEY) Bought by National Pension Service

National Pension Service bought a new stake in shares of KeyCorp (NYSE:KEY - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 137,126 shares of the financial services provider's stock, valued at approximately $2,297,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of KEY. Financial Advocates Investment Management boosted its stake in KeyCorp by 2.3% during the third quarter. Financial Advocates Investment Management now owns 26,872 shares of the financial services provider's stock worth $450,000 after buying an additional 602 shares during the period. HM Payson & Co. boosted its stake in shares of KeyCorp by 27.0% during the 3rd quarter. HM Payson & Co. now owns 3,060 shares of the financial services provider's stock worth $51,000 after purchasing an additional 650 shares during the period. Vontobel Holding Ltd. grew its holdings in KeyCorp by 2.1% during the 3rd quarter. Vontobel Holding Ltd. now owns 33,728 shares of the financial services provider's stock valued at $565,000 after purchasing an additional 679 shares during the last quarter. Raymond James Trust N.A. raised its position in KeyCorp by 2.5% in the 2nd quarter. Raymond James Trust N.A. now owns 30,155 shares of the financial services provider's stock worth $429,000 after purchasing an additional 724 shares during the period. Finally, Lake Street Advisors Group LLC lifted its stake in KeyCorp by 7.4% in the third quarter. Lake Street Advisors Group LLC now owns 11,697 shares of the financial services provider's stock worth $196,000 after purchasing an additional 801 shares during the last quarter. Hedge funds and other institutional investors own 79.69% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $18.00 price target on shares of KeyCorp in a report on Tuesday, September 10th. DA Davidson boosted their target price on shares of KeyCorp from $19.00 to $20.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Evercore ISI raised their price target 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. Robert W. Baird lowered shares of KeyCorp from an "outperform" rating to a "neutral" rating and decreased their price objective for the company from $18.00 to $17.00 in a report on Monday, October 14th. Finally, The Goldman Sachs Group set a $19.00 target price on shares of KeyCorp in a research note on Thursday, October 17th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.79.

KeyCorp Stock Performance

NYSE:KEY traded down $0.16 during trading hours on Friday, hitting $19.00. 12,866,693 shares of the company were exchanged, compared to its average volume of 14,082,129. 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 52-week low of $10.73 and a 52-week high of $20.00. The stock has a market capitalization of $17.92 billion, a price-to-earnings ratio of 1,908.00, a PEG ratio of 1.10 and a beta of 1.24. The company's 50 day moving average price is $16.88 and its 200-day moving average price is $15.59.

Insider Activity

In related news, Director Carlton L. Highsmith sold 9,000 shares of the firm'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 completion of the transaction, the director now owns 37,864 shares in the company, valued at $648,988.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Carlton L. Highsmith sold 9,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $17.14, for a total value of $154,260.00. Following the transaction, the director now owns 37,864 shares in the company, valued at approximately $648,988.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carlton L. Highsmith sold 10,000 shares of the company's stock in a transaction on Friday, August 16th. The shares were sold at an average price of $16.21, for a total transaction of $162,100.00. Following the completion of the sale, the director now directly owns 46,864 shares in the company, valued at $759,665.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.61% 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.