KeyCorp (NYSE:KEY) Stock Position Increased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its stake in shares of KeyCorp (NYSE:KEY - Free Report) by 13.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 304,565 shares of the financial services provider's stock after purchasing an additional 36,444 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in KeyCorp were worth $5,101,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Pathway Financial Advisers LLC purchased a new position in KeyCorp in the first quarter worth $25,000. Wolff Wiese Magana LLC grew 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 during the last quarter. American Capital Advisory LLC acquired a new stake in KeyCorp in the third quarter valued at $28,000. Crewe Advisors LLC acquired a new stake in KeyCorp in the first quarter valued at $32,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in KeyCorp in the third quarter valued at $35,000. Hedge funds and other institutional investors own 79.69% of the company's stock.

KeyCorp Stock Performance

Shares of KEY traded down $0.18 during mid-day trading on Tuesday, hitting $19.07. The stock had a trading volume of 3,029,729 shares, compared to its average volume of 14,008,377. The company has a market cap of $18.90 billion, a PE ratio of 1,908.00, a PEG ratio of 1.05 and a beta of 1.24. The company's fifty day simple moving average is $17.01 and its two-hundred day simple moving average is $15.69. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.09. KeyCorp has a fifty-two week low of $10.73 and a fifty-two week high of $20.00.

KeyCorp (NYSE:KEY - Get Free Report) last issued its earnings results on Thursday, October 17th. The financial services provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.27 by $0.03. KeyCorp had a return on equity of 8.24% and a net margin of 0.76%. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. On average, equities analysts expect that KeyCorp will post 1.08 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. The Goldman Sachs Group set a $19.00 target price on KeyCorp in a report on Thursday, October 17th. Jefferies Financial Group upped their target price on KeyCorp from $18.00 to $19.00 and gave the company a "buy" rating in a report on Monday, August 19th. Evercore ISI increased their price objective on KeyCorp from $18.50 to $20.00 and gave the company an "outperform" rating in a research note on Wednesday, October 2nd. Morgan Stanley increased 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. Finally, Robert W. Baird lowered KeyCorp from an "outperform" rating to a "neutral" rating and decreased their price objective for the company from $18.00 to $17.00 in a research note on Monday, October 14th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $17.79.

Insider Activity at KeyCorp

In related news, insider Angela G. Mago sold 15,011 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $19.59, for a total transaction of $294,065.49. Following the completion of the transaction, the insider now owns 234,582 shares in the company, valued at $4,595,461.38. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other KeyCorp news, Director Carlton L. Highsmith sold 9,000 shares of KeyCorp stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $17.14, for a total transaction of $154,260.00. Following the sale, the director now owns 37,864 shares of the company's stock, valued at $648,988.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Angela G. Mago sold 15,011 shares of KeyCorp stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $19.59, for a total value of $294,065.49. Following the sale, the insider now directly owns 234,582 shares in the company, valued at $4,595,461.38. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,011 shares of company stock worth $610,425 in the last 90 days. 0.61% of the stock is currently owned by company 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.