Thrivent Financial for Lutherans Acquires 3,042,060 Shares of KeyCorp (NYSE:KEY)

Thrivent Financial for Lutherans grew its holdings in shares of KeyCorp (NYSE:KEY - Free Report) by 108.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 5,852,233 shares of the financial services provider's stock after acquiring an additional 3,042,060 shares during the period. Thrivent Financial for Lutherans owned about 0.62% of KeyCorp worth $98,025,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Pathway Financial Advisers LLC bought a new position in KeyCorp during the first quarter worth $25,000. Wolff Wiese Magana LLC raised its stake in KeyCorp by 285.5% during the third 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. American Capital Advisory LLC bought a new position in KeyCorp during the third quarter worth $28,000. Crewe Advisors LLC bought a new position in KeyCorp during the first quarter worth $32,000. Finally, Catalyst Capital Advisors LLC bought a new position in KeyCorp during the third quarter worth $35,000. Institutional investors own 79.69% of the company's stock.

Insiders Place Their Bets

In other news, insider Angela G. Mago sold 15,011 shares of the business's stock in a transaction that occurred 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 owns 234,582 shares of the company's stock, valued at $4,595,461.38. The trade was a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Carlton L. Highsmith sold 9,000 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $17.14, for a total transaction of $154,260.00. Following the completion of the sale, the director now directly owns 37,864 shares in the company, valued at approximately $648,988.96. This trade represents a 19.20 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.67% of the company's stock.

KeyCorp Stock Up 0.4 %

Shares of KEY traded up $0.07 during trading hours on Monday, reaching $19.23. 7,319,505 shares of the stock traded hands, compared to its average volume of 13,905,769. 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 stock has a fifty day simple moving average of $17.23 and a 200 day simple moving average of $15.82. KeyCorp has a 52 week low of $11.64 and a 52 week high of $20.00. The company has a market cap of $19.06 billion, a price-to-earnings ratio of 1,922.00, a PEG ratio of 1.05 and a beta of 1.24.

KeyCorp (NYSE:KEY - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The financial services provider reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.03. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. KeyCorp had a net margin of 0.76% and a return on equity of 8.24%. On average, equities analysts forecast that KeyCorp will post 1.09 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on KEY. Royal Bank of Canada lifted their target price on shares of KeyCorp from $17.00 to $18.00 and gave the stock an "outperform" rating in a research note on Friday, October 18th. Robert W. Baird cut shares of KeyCorp from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from $18.00 to $17.00 in a report on Monday, October 14th. UBS Group raised their price target on shares of KeyCorp from $17.00 to $18.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. Citigroup cut shares of KeyCorp from a "buy" rating to a "neutral" rating and set a $19.00 price target for the company. in a report on Thursday, November 7th. Finally, Evercore ISI raised their price target on shares of KeyCorp from $18.50 to $20.00 and gave the stock an "outperform" rating in a report on Wednesday, October 2nd. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $18.03.

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.