Assenagon Asset Management S.A. Grows Stock Position in KeyCorp (NYSE:KEY)

Assenagon Asset Management S.A. lifted its stake in KeyCorp (NYSE:KEY - Free Report) by 280.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,976,965 shares of the financial services provider's stock after buying an additional 3,668,168 shares during the quarter. Assenagon Asset Management S.A. owned about 0.53% of KeyCorp worth $83,364,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. Ontario Teachers Pension Plan Board grew its holdings in KeyCorp by 8.8% during the 1st 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 buying an additional 1,748,633 shares in the last quarter. Diamond Hill Capital Management Inc. increased 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 worth $288,403,000 after purchasing an additional 2,213,872 shares during the last quarter. Earnest Partners LLC boosted 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 valued at $176,631,000 after buying an additional 2,339,454 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in KeyCorp by 2.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 10,508,853 shares of the financial services provider's stock valued at $149,299,000 after buying an additional 300,339 shares in the last quarter. Finally, Ceredex Value Advisors LLC boosted its position in shares of KeyCorp by 112.4% during the 2nd quarter. Ceredex Value Advisors LLC now owns 6,647,393 shares of the financial services provider's stock valued at $94,459,000 after acquiring an additional 3,517,755 shares during the last quarter. Hedge funds and other institutional investors own 79.69% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Barclays upped their price target on shares of KeyCorp from $16.00 to $19.00 and gave the company an "equal weight" rating in a research note on Friday, October 18th. Wedbush upped their price objective on KeyCorp from $17.00 to $18.00 and gave the company a "neutral" rating in a research report on Tuesday, September 24th. The Goldman Sachs Group set a $19.00 price objective on KeyCorp in a research note on Thursday, October 17th. DA Davidson boosted their target price on KeyCorp from $19.00 to $20.00 and gave the company a "buy" rating in a research report on Monday. Finally, Evercore ISI raised their price target on KeyCorp from $18.50 to $20.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 2nd. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.79.

KeyCorp Stock Up 0.9 %

Shares of NYSE:KEY traded up $0.15 during trading hours on Thursday, hitting $17.23. The company's stock had a trading volume of 8,337,061 shares, compared to its average volume of 14,235,954. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.88 and a quick ratio of 0.88. The firm's fifty day moving average price is $16.70 and its 200 day moving average price is $15.39. KeyCorp has a 52 week low of $9.50 and a 52 week high of $17.94. The company has a market capitalization of $16.25 billion, a price-to-earnings ratio of 1,723.00, a P/E/G ratio of 0.94 and a beta of 1.25.

Insider Activity

In related news, Director Carlton L. Highsmith sold 10,000 shares of the firm's stock in a transaction dated 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.