New York State Teachers Retirement System decreased its position in shares of KeyCorp (NYSE:KEY - Free Report) by 6.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 804,531 shares of the financial services provider's stock after selling 50,947 shares during the quarter. New York State Teachers Retirement System owned 0.09% of KeyCorp worth $13,476,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of KEY. Freestone Capital Holdings LLC acquired a new stake in shares of KeyCorp in the first quarter valued at approximately $561,000. Assenagon Asset Management S.A. grew its holdings in KeyCorp by 87.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,308,797 shares of the financial services provider's stock valued at $18,598,000 after buying an additional 610,688 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in KeyCorp by 14.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 657,913 shares of the financial services provider's stock worth $10,928,000 after buying an additional 85,052 shares in the last quarter. Commerce Bank raised its holdings in shares of KeyCorp by 399.7% in the first quarter. Commerce Bank now owns 456,136 shares of the financial services provider's stock worth $7,212,000 after acquiring an additional 364,850 shares during the last quarter. Finally, MBB Public Markets I LLC purchased a new stake in shares of KeyCorp in the second quarter valued at $981,000. Institutional investors and hedge funds own 79.69% of the company's stock.
KeyCorp Stock Down 0.3 %
NYSE:KEY traded down $0.06 during mid-day trading on Friday, hitting $17.19. The company had a trading volume of 7,053,213 shares, compared to its average volume of 9,449,317. KeyCorp has a 1 year low of $10.25 and a 1 year high of $17.94. The business has a fifty day simple moving average of $16.80 and a 200-day simple moving average of $15.52. 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 firm has a market capitalization of $16.21 billion, a price-to-earnings ratio of 1,719.00, a PEG ratio of 0.95 and a beta of 1.24.
Insider Activity at KeyCorp
In other news, Director Carlton L. Highsmith sold 10,000 shares of KeyCorp stock in a transaction that occurred on Friday, August 16th. The shares were 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 in the company, valued at $759,665.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.61% of the company's stock.
Analyst Ratings Changes
Several research analysts recently weighed in on the stock. Morgan Stanley boosted their target price on shares of KeyCorp from $18.00 to $20.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 14th. DA Davidson lifted their target price on shares of KeyCorp from $19.00 to $20.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. Jefferies Financial Group increased their price target on KeyCorp from $18.00 to $19.00 and gave the stock a "buy" rating in a research note on Monday, August 19th. Barclays lifted their price objective on KeyCorp from $16.00 to $19.00 and gave the company an "equal weight" rating in a research report on Friday, October 18th. Finally, Royal Bank of Canada increased their target price on KeyCorp from $17.00 to $18.00 and gave the stock an "outperform" rating in a research report on Friday, October 18th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $17.79.
Get Our Latest Stock Analysis on KeyCorp
KeyCorp Company Profile
(
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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