Ceredex Value Advisors LLC Has $85.88 Million Stake in KeyCorp (NYSE:KEY)

Ceredex Value Advisors LLC reduced its stake in shares of KeyCorp (NYSE:KEY - Free Report) by 22.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,126,849 shares of the financial services provider's stock after selling 1,520,544 shares during the period. KeyCorp accounts for about 1.7% of Ceredex Value Advisors LLC's investment portfolio, making the stock its 14th largest position. Ceredex Value Advisors LLC owned 0.54% of KeyCorp worth $85,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in KEY. Pathway Financial Advisers LLC acquired a new position in shares of KeyCorp during the 1st quarter valued at $25,000. Wolff Wiese Magana LLC lifted its holdings in KeyCorp by 285.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider's stock worth $26,000 after buying an additional 1,142 shares during the last quarter. Crewe Advisors LLC acquired a new position in KeyCorp in the first quarter worth $32,000. Fidelis Capital Partners LLC acquired a new position in shares of KeyCorp in the 1st quarter valued at about $39,000. Finally, Hexagon Capital Partners LLC grew its holdings in shares of KeyCorp by 189.6% during the third quarter. Hexagon Capital Partners LLC now owns 2,311 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 1,513 shares during the last quarter. Institutional investors and hedge funds own 79.69% of the company's stock.

KeyCorp Stock Performance

Shares of KEY traded down $0.06 on Friday, reaching $17.19. 7,053,213 shares of the stock traded hands, compared to its average volume of 9,449,317. KeyCorp has a 12 month low of $10.25 and a 12 month high of $17.94. 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 stock's 50-day moving average price is $16.80 and its 200-day moving average price is $15.52. The firm has a market cap of $16.21 billion, a price-to-earnings ratio of 1,719.00, a P/E/G ratio of 0.95 and a beta of 1.24.

Analyst Ratings Changes

Several equities analysts have recently commented on KEY shares. UBS Group upped their price target on shares of KeyCorp from $17.00 to $18.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. Jefferies Financial Group lifted their price objective on shares of KeyCorp from $18.00 to $19.00 and gave the stock a "buy" rating in a research report on Monday, August 19th. Robert W. Baird downgraded shares of KeyCorp from an "outperform" rating to a "neutral" rating and cut their target price for the stock from $18.00 to $17.00 in a research report on Monday, October 14th. Evercore ISI lifted their price target on KeyCorp from $18.50 to $20.00 and gave the company an "outperform" rating in a report on Wednesday, October 2nd. Finally, Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $18.00 price objective on shares of KeyCorp in a research note on Tuesday, September 10th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, KeyCorp presently has a consensus rating of "Moderate Buy" and an average target price of $17.79.

Insider Transactions at KeyCorp

In other news, Director Carlton L. Highsmith sold 10,000 shares of the business's stock in a transaction 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 sale, the director now owns 46,864 shares in the company, valued at approximately $759,665.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is owned by insiders.

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.