Asset Management One Co. Ltd. Grows Stake in KeyCorp (NYSE:KEY)

Asset Management One Co. Ltd. raised its stake in shares of KeyCorp (NYSE:KEY) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 336,859 shares of the financial services provider’s stock after purchasing an additional 2,841 shares during the period. Asset Management One Co. Ltd.’s holdings in KeyCorp were worth $5,642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. National Pension Service purchased a new stake in KeyCorp during the 3rd quarter valued at $2,297,000. Intact Investment Management Inc. lifted its stake in KeyCorp by 9.4% in the third quarter. Intact Investment Management Inc. now owns 311,350 shares of the financial services provider’s stock worth $5,215,000 after purchasing an additional 26,700 shares during the last quarter. Pure Financial Advisors LLC purchased a new position in shares of KeyCorp during the third quarter valued at approximately $330,000. Farther Finance Advisors LLC grew its stake in shares of KeyCorp by 109.5% during the third quarter. Farther Finance Advisors LLC now owns 21,101 shares of the financial services provider’s stock valued at $353,000 after buying an additional 11,027 shares during the last quarter. Finally, US Bancorp DE raised its holdings in shares of KeyCorp by 1.3% in the third quarter. US Bancorp DE now owns 441,533 shares of the financial services provider’s stock worth $7,396,000 after buying an additional 5,592 shares during the period. 79.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Jefferies Financial Group lifted their price target on shares of KeyCorp from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, August 19th. Robert W. Baird cut shares of KeyCorp from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $18.00 to $17.00 in a report on Monday, October 14th. Baird R W downgraded KeyCorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 14th. UBS Group upped their price target on shares of KeyCorp from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group set a $19.00 price objective on KeyCorp in a research note on Thursday, October 17th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.79.

Insider Buying and Selling at KeyCorp

In other KeyCorp news, insider Angela G. Mago sold 15,011 shares of KeyCorp stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $19.59, for a total value of $294,065.49. Following the completion of the sale, the insider now owns 234,582 shares in the company, valued at $4,595,461.38. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Carlton L. Highsmith sold 9,000 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $17.14, for a total value of $154,260.00. Following the completion of the transaction, the director now owns 37,864 shares of the company’s stock, valued at approximately $648,988.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Angela G. Mago sold 15,011 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $19.59, for a total transaction of $294,065.49. Following the sale, the insider now directly owns 234,582 shares in the company, valued at $4,595,461.38. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,011 shares of company stock worth $610,425. Corporate insiders own 0.61% of the company’s stock.

KeyCorp Price Performance

Shares of NYSE KEY opened at $18.98 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.09. The stock has a market cap of $17.90 billion, a price-to-earnings ratio of 1,897.50, a PEG ratio of 1.10 and a beta of 1.24. The company’s 50-day moving average price is $16.96 and its 200 day moving average price is $15.65. KeyCorp has a 52 week low of $10.73 and a 52 week high of $20.00.

KeyCorp Company 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.