Graypoint LLC Acquires 675 Shares of KeyCorp (NYSE:KEY)

Graypoint LLC lifted its holdings in shares of KeyCorp (NYSE:KEY) by 4.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,954 shares of the financial services provider’s stock after purchasing an additional 675 shares during the quarter. Graypoint LLC’s holdings in KeyCorp were worth $250,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KEY. Pathway Financial Advisers LLC bought a new position in KeyCorp during the 1st quarter worth $25,000. Wolff Wiese Magana LLC grew its holdings 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 purchasing an additional 1,142 shares in the last quarter. American Capital Advisory LLC acquired a new stake in shares of KeyCorp during the 3rd quarter worth $28,000. Crewe Advisors LLC bought a new position in shares of KeyCorp in the first quarter worth $32,000. Finally, Catalyst Capital Advisors LLC acquired a new position in KeyCorp in the third quarter valued at about $35,000. 79.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at KeyCorp

In other KeyCorp news, Director Carlton L. Highsmith sold 9,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $17.14, for a total transaction of $154,260.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Carlton L. Highsmith sold 10,000 shares of the business’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 transaction, the director now owns 46,864 shares in the company, valued at $759,665.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 sale, the director now owns 37,864 shares of the company’s stock, valued at approximately $648,988.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,011 shares of company stock worth $610,425 over the last ninety days. 0.61% of the stock is owned by insiders.

KeyCorp Trading Down 1.0 %

Shares of NYSE KEY opened at $18.97 on Friday. The firm has a 50 day moving average price of $16.96 and a two-hundred day moving average price of $15.65. The stock has a market cap of $17.89 billion, a P/E ratio of 1,897.00, a price-to-earnings-growth ratio of 1.10 and a beta of 1.24. KeyCorp has a 52-week low of $10.73 and a 52-week high of $20.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.88 and a current ratio of 0.88.

KeyCorp (NYSE:KEY) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. KeyCorp had a return on equity of 8.24% and a net margin of 0.76%. As a group, equities analysts forecast that KeyCorp will post 1.08 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on KEY shares. The Goldman Sachs Group set a $19.00 price objective on shares of KeyCorp in a research note on Thursday, October 17th. Evercore ISI lifted their price objective on shares of KeyCorp from $18.50 to $20.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Robert W. Baird cut KeyCorp from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $18.00 to $17.00 in a research note on Monday, October 14th. Jefferies Financial Group lifted their price target on KeyCorp from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, August 19th. Finally, Baird R W downgraded KeyCorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 14th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $17.79.

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.