Venture Visionary Partners LLC Sells 72,870 Shares of KeyCorp (NYSE:KEY)

Venture Visionary Partners LLC reduced its stake in shares of KeyCorp (NYSE:KEY - Free Report) by 34.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 136,967 shares of the financial services provider's stock after selling 72,870 shares during the period. Venture Visionary Partners LLC's holdings in KeyCorp were worth $2,294,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KEY. Ontario Teachers Pension Plan Board boosted its position in 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 valued at $342,924,000 after acquiring an additional 1,748,633 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its position in shares of KeyCorp by 12.2% during the 2nd 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 grew its stake in KeyCorp by 23.2% during the second quarter. Earnest Partners LLC now owns 12,430,048 shares of the financial services provider's stock worth $176,631,000 after purchasing an additional 2,339,454 shares during the period. Dimensional Fund Advisors LP increased its holdings in 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 worth $149,299,000 after purchasing an additional 300,339 shares in the last quarter. Finally, Ceredex Value Advisors LLC lifted its stake in KeyCorp by 112.4% in 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 owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KEY has been the topic of several research analyst reports. Wedbush increased their target price on shares of KeyCorp from $17.00 to $18.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 24th. Evercore ISI increased their price objective on shares of KeyCorp from $18.50 to $20.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group set a $19.00 target price on KeyCorp in a research report on Thursday, October 17th. Citigroup set a $19.00 price target on KeyCorp in a research note on Thursday, October 17th. Finally, UBS Group cut KeyCorp from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $16.00 to $15.00 in a research note on Monday, July 8th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, KeyCorp presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.62.

KeyCorp Stock Up 0.5 %

Shares of KEY traded up $0.08 on Tuesday, hitting $17.17. 8,521,903 shares of the stock traded hands, compared to its average volume of 14,305,253. The company has a market capitalization of $16.19 billion, a PE ratio of 21.73, a P/E/G ratio of 0.97 and a beta of 1.25. KeyCorp has a one year low of $9.50 and a one year high of $17.94. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.85 and a current ratio of 0.88. The business has a 50 day simple moving average of $16.67 and a 200 day simple moving average of $15.38.

Insider Transactions at KeyCorp

In related news, Director Carlton L. Highsmith sold 10,000 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $16.21, for a total transaction of $162,100.00. Following the sale, the director now directly owns 46,864 shares of the company's stock, valued at $759,665.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.61% of the company's stock.

KeyCorp Company 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.