Private Advisor Group LLC Decreases Stake in KeyCorp (NYSE:KEY)

Private Advisor Group LLC lessened its position in shares of KeyCorp (NYSE:KEY) by 2.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 151,798 shares of the financial services provider’s stock after selling 3,290 shares during the quarter. Private Advisor Group LLC’s holdings in KeyCorp were worth $2,542,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in KEY. Signaturefd LLC boosted its position in shares of KeyCorp by 37.2% during the 3rd quarter. Signaturefd LLC now owns 3,839 shares of the financial services provider’s stock valued at $64,000 after acquiring an additional 1,040 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in KeyCorp by 2.0% during the third quarter. Sequoia Financial Advisors LLC now owns 60,481 shares of the financial services provider’s stock valued at $1,013,000 after purchasing an additional 1,192 shares during the last quarter. Raymond James & Associates grew its stake in shares of KeyCorp by 8.2% in the 3rd quarter. Raymond James & Associates now owns 1,577,453 shares of the financial services provider’s stock worth $26,422,000 after buying an additional 120,099 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of KeyCorp by 63.5% in the 3rd quarter. Blue Trust Inc. now owns 37,896 shares of the financial services provider’s stock worth $635,000 after buying an additional 14,725 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC raised its position in shares of KeyCorp by 107.2% during the 3rd quarter. Kohmann Bosshard Financial Services LLC now owns 21,979 shares of the financial services provider’s stock valued at $368,000 after buying an additional 11,370 shares in the last quarter. Institutional investors own 79.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. The Goldman Sachs Group set a $19.00 price target on KeyCorp in a research report on Thursday, October 17th. Robert W. Baird downgraded KeyCorp from an “outperform” rating to a “neutral” rating and cut their target price for the company from $18.00 to $17.00 in a research report on Monday, October 14th. Barclays increased their price target on KeyCorp from $16.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. DA Davidson lifted their price objective on shares of KeyCorp from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, Royal Bank of Canada increased their target price on shares of KeyCorp from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.79.

KeyCorp Stock Performance

Shares of NYSE:KEY opened at $17.55 on Tuesday. 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 cap of $16.55 billion, a PE ratio of 1,755.00, a price-to-earnings-growth ratio of 0.94 and a beta of 1.25. The firm’s 50 day simple moving average is $16.75 and its 200-day simple moving average is $15.44. KeyCorp has a one year low of $9.89 and a one year high of $17.94.

Insiders Place Their Bets

In other KeyCorp news, Director Carlton L. Highsmith sold 10,000 shares of the company’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 directly owns 46,864 shares in the company, valued at approximately $759,665.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.67% 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.