US Bancorp DE Acquires 5,592 Shares of KeyCorp (NYSE:KEY)

US Bancorp DE increased its holdings in shares of KeyCorp (NYSE:KEY) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 441,533 shares of the financial services provider’s stock after buying an additional 5,592 shares during the period. US Bancorp DE’s holdings in KeyCorp were worth $7,396,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of KEY. Financial Advocates Investment Management lifted its stake in shares of KeyCorp by 2.3% in the 3rd quarter. Financial Advocates Investment Management now owns 26,872 shares of the financial services provider’s stock valued at $450,000 after purchasing an additional 602 shares during the period. HM Payson & Co. increased its holdings in KeyCorp by 27.0% in the third quarter. HM Payson & Co. now owns 3,060 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 650 shares during the last quarter. Vontobel Holding Ltd. lifted its stake in KeyCorp by 2.1% in the third quarter. Vontobel Holding Ltd. now owns 33,728 shares of the financial services provider’s stock valued at $565,000 after buying an additional 679 shares during the period. Raymond James Trust N.A. boosted its holdings in KeyCorp by 2.5% during the second quarter. Raymond James Trust N.A. now owns 30,155 shares of the financial services provider’s stock worth $429,000 after buying an additional 724 shares during the last quarter. Finally, Lake Street Advisors Group LLC grew its position in shares of KeyCorp by 7.4% during the 3rd quarter. Lake Street Advisors Group LLC now owns 11,697 shares of the financial services provider’s stock worth $196,000 after buying an additional 801 shares during the period. 79.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at KeyCorp

In other KeyCorp news, Director Carlton L. Highsmith sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $16.21, for a total transaction of $162,100.00. Following the transaction, the director now owns 46,864 shares of the company’s stock, valued at $759,665.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.61% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on KEY. Citigroup set a $19.00 price objective on shares of KeyCorp in a research note on Thursday, October 17th. Royal Bank of Canada lifted their price target on shares of KeyCorp from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. UBS Group upped their price objective on shares of KeyCorp from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Evercore ISI raised their price target on KeyCorp from $18.50 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Finally, DA Davidson lifted their price objective on KeyCorp from $19.00 to $20.00 and gave the company a “buy” rating in a report on Monday, October 21st. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.79.

KeyCorp Trading Down 0.3 %

Shares of NYSE:KEY opened at $17.19 on Monday. The company’s 50-day moving average price is $16.80 and its two-hundred day moving average price is $15.52. KeyCorp has a one year low of $10.25 and a one year high of $17.94. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market capitalization of $16.21 billion, a PE ratio of 1,719.00, a price-to-earnings-growth ratio of 0.95 and a beta of 1.24.

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.