KeyCorp (NYSE:KEY) Director Carlton L. Highsmith Sells 9,000 Shares of Stock

KeyCorp (NYSE:KEY) Director Carlton L. Highsmith sold 9,000 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $17.14, for a total value of $154,260.00. Following the transaction, the director now owns 37,864 shares of the company’s stock, valued at $648,988.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

KeyCorp Price Performance

KEY stock opened at $19.14 on Friday. The stock has a 50-day moving average price of $16.88 and a two-hundred day moving average price of $15.59. KeyCorp has a 1 year low of $10.73 and a 1 year high of $20.00. The stock has a market cap of $18.05 billion, a PE ratio of 1,914.00, a price-to-earnings-growth ratio of 1.10 and a beta of 1.24. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.09.

Analyst Ratings Changes

Several equities analysts recently issued reports on KEY shares. 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 report on Wednesday, August 14th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $18.00 price target on shares of KeyCorp in a report on Tuesday, September 10th. Barclays boosted their price objective on shares of KeyCorp from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. UBS Group increased their price objective on KeyCorp from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Jefferies Financial Group boosted their target price on KeyCorp from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Monday, August 19th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.79.

Institutional Investors Weigh In On KeyCorp

Institutional investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its stake in KeyCorp by 280.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,976,965 shares of the financial services provider’s stock valued at $83,364,000 after buying an additional 3,668,168 shares during the last quarter. Ceredex Value Advisors LLC increased its position in shares of KeyCorp by 112.4% in the second quarter. Ceredex Value Advisors LLC now owns 6,647,393 shares of the financial services provider’s stock valued at $94,459,000 after acquiring an additional 3,517,755 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in KeyCorp by 108.3% during the third quarter. Thrivent Financial for Lutherans now owns 5,852,233 shares of the financial services provider’s stock worth $98,025,000 after acquiring an additional 3,042,060 shares in the last quarter. Victory Capital Management Inc. boosted its position in KeyCorp by 279.6% during the third quarter. Victory Capital Management Inc. now owns 3,788,173 shares of the financial services provider’s stock valued at $63,452,000 after purchasing an additional 2,790,192 shares during the last quarter. Finally, Westfield Capital Management Co. LP bought a new position in KeyCorp in the first quarter valued at approximately $42,857,000. Institutional investors own 79.69% of the company’s stock.

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.