Caldwell Sutter Capital Inc. Reduces Stock Position in KeyCorp (NYSE:KEY)

Caldwell Sutter Capital Inc. reduced its stake in shares of KeyCorp (NYSE:KEY) by 2.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,477 shares of the financial services provider’s stock after selling 641 shares during the quarter. Caldwell Sutter Capital Inc.’s holdings in KeyCorp were worth $360,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Pathway Financial Advisers LLC purchased a new stake in KeyCorp in the 1st quarter worth about $25,000. Wolff Wiese Magana LLC lifted its stake in shares of KeyCorp by 285.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 1,142 shares during the last quarter. Crewe Advisors LLC purchased a new position in KeyCorp during the 1st quarter valued at $32,000. Fidelis Capital Partners LLC bought a new position in KeyCorp in the 1st quarter valued at $39,000. Finally, Hexagon Capital Partners LLC increased its stake in KeyCorp by 189.6% in the third quarter. Hexagon Capital Partners LLC now owns 2,311 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 1,513 shares during the period. 79.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other KeyCorp news, Director Carlton L. Highsmith sold 10,000 shares of the 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 in the company, valued at approximately $759,665.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KEY. Evercore ISI upped their price target on shares of KeyCorp from $18.50 to $20.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Morgan Stanley lifted their price target on shares of KeyCorp from $18.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 14th. DA Davidson upped their target price on KeyCorp from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Barclays increased their target price on shares of KeyCorp from $16.00 to $19.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $18.00 price target on shares of KeyCorp in a report on Tuesday, September 10th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.79.

KeyCorp Stock Performance

NYSE KEY traded down $0.03 during trading hours on Tuesday, reaching $17.52. The stock had a trading volume of 691,405 shares, compared to its average volume of 14,121,656. KeyCorp has a 52-week low of $9.89 and a 52-week high of $17.94. 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 stock has a market cap of $16.52 billion, a P/E ratio of 1,755.00, a price-to-earnings-growth ratio of 0.94 and a beta of 1.25. The stock has a fifty day moving average of $16.75 and a 200 day moving average of $15.44.

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.