Greenwood Capital Associates LLC acquired a new position in shares of KeyCorp (NYSE:KEY - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 71,650 shares of the financial services provider's stock, valued at approximately $1,200,000.
A number of other institutional investors and hedge funds have also made changes to their positions in KEY. Wolff Wiese Magana LLC boosted its holdings in KeyCorp by 285.5% in the third quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 1,142 shares in the last quarter. Pathway Financial Advisers LLC acquired a new position in KeyCorp in the first quarter valued at approximately $25,000. Crewe Advisors LLC acquired a new position in KeyCorp in the first quarter valued at approximately $32,000. Catalyst Capital Advisors LLC acquired a new position in KeyCorp in the third quarter valued at approximately $35,000. Finally, Hexagon Capital Partners LLC boosted its holdings in KeyCorp by 189.6% in 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 in the last quarter. 79.69% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at KeyCorp
In other KeyCorp news, Director Carlton L. Highsmith sold 10,000 shares of the firm's stock in a transaction on Friday, August 16th. The stock was 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 of the company's stock, valued at approximately $759,665.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.67% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the company. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $18.00 price target on shares of KeyCorp in a report on Tuesday, September 10th. Wedbush upped their price target on KeyCorp from $17.00 to $18.00 and gave the company a "neutral" rating in a report on Tuesday, September 24th. Citigroup set a $19.00 price objective on KeyCorp in a research note on Thursday, October 17th. DA Davidson boosted their price objective on KeyCorp from $19.00 to $20.00 and gave the company a "buy" rating in a research note on Monday, October 21st. 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 research note on Wednesday, August 14th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $17.79.
View Our Latest Stock Analysis on KEY
KeyCorp Stock Performance
Shares of NYSE KEY traded up $0.22 during mid-day trading on Tuesday, hitting $17.26. 5,582,342 shares of the company were exchanged, compared to its average volume of 14,028,117. KeyCorp has a 1-year low of $10.73 and a 1-year high of $17.94. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.09. The stock has a 50 day simple moving average of $16.81 and a 200-day simple moving average of $15.56. The firm has a market cap of $16.28 billion, a price-to-earnings ratio of 1,726.00, a price-to-earnings-growth ratio of 0.94 and a beta of 1.24.
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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