AHL Investment Management Inc. Sells 1,288 Shares of KeyCorp (NYSE:KEY)

AHL Investment Management Inc. reduced its position in KeyCorp (NYSE:KEY) by 2.5% during the third quarter, HoldingsChannel reports. The firm owned 50,600 shares of the financial services provider’s stock after selling 1,288 shares during the period. AHL Investment Management Inc.’s holdings in KeyCorp were worth $848,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Pathway Financial Advisers LLC bought a new stake in shares of KeyCorp in the 1st quarter valued at $25,000. Wolff Wiese Magana LLC boosted its stake in shares of KeyCorp by 285.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,142 shares during the last quarter. Crewe Advisors LLC bought a new stake in shares of KeyCorp in the 1st quarter valued at $32,000. Catalyst Capital Advisors LLC bought a new stake in shares of KeyCorp in the 3rd quarter valued at $35,000. Finally, Fidelis Capital Partners LLC bought a new stake in shares of KeyCorp in the 1st quarter valued at $39,000. 79.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Robert W. Baird downgraded shares of KeyCorp from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $18.00 to $17.00 in a research report on Monday, October 14th. UBS Group boosted their target price 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. Citigroup set a $19.00 target price on shares of KeyCorp in a research report on Thursday, October 17th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $18.00 target price on shares of KeyCorp in a research report on Tuesday, September 10th. Finally, Royal Bank of Canada boosted their target price on shares of KeyCorp from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.79.

KeyCorp Stock Performance

NYSE KEY opened at $17.26 on Wednesday. KeyCorp has a 1 year low of $10.73 and a 1 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 firm has a market cap of $16.28 billion, a price-to-earnings ratio of 1,726.00, a PEG ratio of 0.94 and a beta of 1.24. The company has a fifty day moving average price of $16.81 and a 200-day moving average price of $15.56.

Insider Transactions at KeyCorp

In other news, Director Carlton L. Highsmith sold 10,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were 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 owns 46,864 shares in the company, valued at $759,665.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.67% of the company’s stock.

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.