Sequoia Financial Advisors LLC Grows Stock Holdings in KeyCorp (NYSE:KEY)

Sequoia Financial Advisors LLC increased its position in shares of KeyCorp (NYSE:KEY) by 2.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,481 shares of the financial services provider’s stock after acquiring an additional 1,192 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in KeyCorp were worth $1,013,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KEY. Freestone Capital Holdings LLC acquired a new position in shares of KeyCorp during the first quarter worth $561,000. Assenagon Asset Management S.A. grew its stake 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 worth $18,598,000 after buying an additional 610,688 shares during the last quarter. Commerce Bank increased its position in KeyCorp by 399.7% during the 1st quarter. Commerce Bank now owns 456,136 shares of the financial services provider’s stock valued at $7,212,000 after buying an additional 364,850 shares in the last quarter. MBB Public Markets I LLC purchased a new stake in KeyCorp in the second quarter valued at about $981,000. Finally, Cetera Investment Advisers boosted its holdings in KeyCorp by 274.4% in the first quarter. Cetera Investment Advisers now owns 332,140 shares of the financial services provider’s stock worth $5,251,000 after acquiring an additional 243,437 shares in the last quarter. Hedge funds and other institutional investors own 79.69% of the company’s stock.

KeyCorp Stock Performance

Shares of NYSE KEY opened at $17.04 on Friday. The company has a market capitalization of $16.07 billion, a PE ratio of 21.57, a price-to-earnings-growth ratio of 0.94 and a beta of 1.25. 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 company’s fifty day moving average price is $16.72 and its 200 day moving average price is $15.41. KeyCorp has a 1 year low of $9.77 and a 1 year high of $17.94.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on KEY. Baird R W downgraded shares of KeyCorp from a “strong-buy” rating to a “hold” rating in a report on Monday, October 14th. 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. UBS Group boosted their price objective on shares of KeyCorp from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Wednesday. Robert W. Baird lowered KeyCorp from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $18.00 to $17.00 in a research note on Monday, October 14th. Finally, Evercore ISI boosted their price target on KeyCorp from $18.50 to $20.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.79.

Insiders Place Their Bets

In related news, Director Carlton L. Highsmith sold 10,000 shares of KeyCorp stock in a transaction dated 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 transaction, the director now owns 46,864 shares in the company, valued at $759,665.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.61% of the company’s stock.

KeyCorp Company 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.