Tyler Stone Wealth Management Has $2.78 Million Stake in KeyCorp (NYSE:KEY)

Tyler Stone Wealth Management grew its stake in KeyCorp (NYSE:KEY - Free Report) by 94.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 165,749 shares of the financial services provider's stock after purchasing an additional 80,607 shares during the quarter. Tyler Stone Wealth Management's holdings in KeyCorp were worth $2,776,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Del Sette Capital Management LLC raised its stake in KeyCorp by 3.2% during the 3rd quarter. Del Sette Capital Management LLC now owns 118,348 shares of the financial services provider's stock worth $1,982,000 after buying an additional 3,662 shares during the period. Arrow Financial Corp raised its stake in KeyCorp by 194.7% during the 3rd quarter. Arrow Financial Corp now owns 3,115 shares of the financial services provider's stock worth $52,000 after buying an additional 2,058 shares during the period. Capital Performance Advisors LLP acquired a new stake in KeyCorp during the 3rd quarter worth $38,000. Graypoint LLC raised its stake in KeyCorp by 4.7% during the 3rd quarter. Graypoint LLC now owns 14,954 shares of the financial services provider's stock worth $250,000 after buying an additional 675 shares during the period. Finally, Blake Schutter Theil Wealth Advisors LLC acquired a new stake in KeyCorp during the 3rd quarter worth $373,000. Institutional investors and hedge funds own 79.69% of the company's stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KEY. Baird R W lowered KeyCorp from a "strong-buy" rating to a "hold" rating in a report on Monday, October 14th. UBS Group boosted their price target on KeyCorp from $17.00 to $18.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. Morgan Stanley boosted their price target on KeyCorp from $18.00 to $20.00 and gave the company an "equal weight" rating in a report on Wednesday, August 14th. The Goldman Sachs Group set a $19.00 price target on KeyCorp in a report on Thursday, October 17th. Finally, Royal Bank of Canada lifted their target price on KeyCorp from $17.00 to $18.00 and gave the company an "outperform" rating in a research report on Friday, October 18th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, KeyCorp currently has a consensus rating of "Moderate Buy" and an average price target of $17.79.

KeyCorp Price Performance

Shares of KEY stock traded down $0.19 during trading on Friday, hitting $18.97. The company had a trading volume of 15,226,271 shares, compared to its average volume of 10,663,725. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market capitalization of $18.80 billion, a P/E ratio of 1,897.00, a price-to-earnings-growth ratio of 1.05 and a beta of 1.24. The stock's 50-day moving average price is $16.96 and its 200 day moving average price is $15.65. KeyCorp has a one year low of $10.73 and a one year high of $20.00.

KeyCorp (NYSE:KEY - Get Free Report) last released its earnings results on Thursday, October 17th. The financial services provider reported $0.30 earnings per share 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 firm had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.59 billion. Equities analysts expect that KeyCorp will post 1.08 EPS for the current fiscal year.

KeyCorp Profile

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.