AustralianSuper Pty Ltd Has $7 Million Stock Position in KeyCorp (NYSE:KEY)

AustralianSuper Pty Ltd cut its position in KeyCorp (NYSE:KEY - Free Report) by 16.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 417,774 shares of the financial services provider's stock after selling 81,576 shares during the quarter. AustralianSuper Pty Ltd's holdings in KeyCorp were worth $6,998,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KEY. Assenagon Asset Management S.A. increased its holdings in shares of KeyCorp by 280.3% during the third quarter. Assenagon Asset Management S.A. now owns 4,976,965 shares of the financial services provider's stock valued at $83,364,000 after purchasing an additional 3,668,168 shares during the period. Ceredex Value Advisors LLC lifted its stake in shares of KeyCorp by 112.4% in the 2nd quarter. Ceredex Value Advisors LLC now owns 6,647,393 shares of the financial services provider's stock worth $94,459,000 after acquiring an additional 3,517,755 shares during the period. Westfield Capital Management Co. LP bought a new position in shares of KeyCorp in the first quarter valued at approximately $42,857,000. National Bank of Canada FI boosted its holdings in shares of KeyCorp by 1,051.3% in the first quarter. National Bank of Canada FI now owns 2,569,771 shares of the financial services provider's stock valued at $38,752,000 after acquiring an additional 2,346,565 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in KeyCorp during the second quarter worth approximately $33,273,000. Institutional investors own 79.69% of the company's stock.

Insider Buying and Selling

In other KeyCorp news, Director Carlton L. Highsmith sold 10,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $16.21, for a total value of $162,100.00. Following the completion of the sale, the director now owns 46,864 shares in the company, valued at $759,665.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

KeyCorp Stock Down 0.3 %

NYSE KEY traded down $0.06 during trading on Friday, reaching $17.19. 6,866,645 shares of the company's stock were exchanged, compared to its average volume of 14,095,771. The firm has a market capitalization of $16.21 billion, a PE ratio of 1,719.00, a P/E/G ratio of 0.96 and a beta of 1.25. KeyCorp has a fifty-two week low of $10.25 and a fifty-two week high of $17.94. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.09. The company's fifty day simple moving average is $16.80 and its 200-day simple moving average is $15.51.

Analyst Upgrades and Downgrades

KEY has been the subject of a number of research reports. Morgan Stanley increased their price target on KeyCorp from $18.00 to $20.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 14th. Robert W. Baird lowered 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 report on Monday, October 14th. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $18.00 price target on shares of KeyCorp in a report on Tuesday, September 10th. Barclays lifted their price objective on shares of KeyCorp from $16.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Friday, October 18th. Finally, Jefferies Financial Group increased their target price 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. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $17.79.

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.