Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of KeyCorp (NYSE:KEY - Free Report) by 14.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 657,913 shares of the financial services provider's stock after buying an additional 85,052 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.07% of KeyCorp worth $10,928,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its position in shares of KeyCorp by 1.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 63,987 shares of the financial services provider's stock valued at $1,012,000 after buying an additional 1,093 shares during the period. Valeo Financial Advisors LLC lifted its stake in shares of KeyCorp by 1.0% in the 1st quarter. Valeo Financial Advisors LLC now owns 69,213 shares of the financial services provider's stock valued at $1,094,000 after purchasing an additional 704 shares during the last quarter. Caldwell Sutter Capital Inc. grew its holdings in shares of KeyCorp by 3.7% during the 1st quarter. Caldwell Sutter Capital Inc. now owns 20,927 shares of the financial services provider's stock worth $331,000 after purchasing an additional 742 shares during the period. First Trust Direct Indexing L.P. increased its position in shares of KeyCorp by 10.8% during the 1st quarter. First Trust Direct Indexing L.P. now owns 48,155 shares of the financial services provider's stock worth $761,000 after purchasing an additional 4,705 shares during the last quarter. Finally, HB Wealth Management LLC raised its holdings in KeyCorp by 10.4% in the 1st quarter. HB Wealth Management LLC now owns 34,340 shares of the financial services provider's stock valued at $543,000 after buying an additional 3,233 shares during the period. 79.69% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on KEY shares. Robert W. Baird lowered shares of KeyCorp from an "outperform" rating to a "neutral" rating and lowered their target price for the stock from $18.00 to $17.00 in a research note on Monday, October 14th. Barclays increased their price objective on shares of KeyCorp from $16.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Friday, October 18th. UBS Group boosted their target price on KeyCorp from $17.00 to $18.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. Royal Bank of Canada raised their price target on KeyCorp from $17.00 to $18.00 and gave the stock an "outperform" rating in a research report on Friday, October 18th. Finally, Morgan Stanley boosted their price objective on KeyCorp from $18.00 to $20.00 and gave the company an "equal weight" rating in a report on Wednesday, August 14th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, KeyCorp currently has an average rating of "Moderate Buy" and a consensus target price of $17.79.
View Our Latest Stock Report on KEY
Insiders Place Their Bets
In other news, Director Carlton L. Highsmith sold 10,000 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $16.21, for a total value of $162,100.00. Following the transaction, the director now owns 46,864 shares in the company, valued at approximately $759,665.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.67% of the stock is owned by company insiders.
KeyCorp Stock Up 3.0 %
Shares of KeyCorp stock traded up $0.51 during trading on Monday, hitting $17.55. 10,506,019 shares of the stock were exchanged, compared to its average volume of 14,186,225. The stock has a market cap of $16.55 billion, a price-to-earnings ratio of 1,755.00, a price-to-earnings-growth ratio of 0.94 and a beta of 1.25. The firm's 50-day moving average price is $16.75 and its 200 day moving average price is $15.44. 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 12-month low of $9.89 and a 12-month high of $17.94.
About KeyCorp
(
Free Report)
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.
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