Elevated Capital Advisors LLC Sells 3,157 Shares of KeyCorp (NYSE:KEY)

Elevated Capital Advisors LLC lessened its holdings in shares of KeyCorp (NYSE:KEY) by 5.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,309 shares of the financial services provider’s stock after selling 3,157 shares during the period. Elevated Capital Advisors LLC’s holdings in KeyCorp were worth $910,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Signaturefd LLC boosted its stake in KeyCorp by 37.2% in the 3rd quarter. Signaturefd LLC now owns 3,839 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 1,040 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in KeyCorp by 2.0% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 60,481 shares of the financial services provider’s stock worth $1,013,000 after buying an additional 1,192 shares during the last quarter. Raymond James & Associates increased its position in shares of KeyCorp by 8.2% during the 3rd quarter. Raymond James & Associates now owns 1,577,453 shares of the financial services provider’s stock valued at $26,422,000 after purchasing an additional 120,099 shares during the last quarter. Blue Trust Inc. increased its position in shares of KeyCorp by 63.5% during the 3rd quarter. Blue Trust Inc. now owns 37,896 shares of the financial services provider’s stock valued at $635,000 after purchasing an additional 14,725 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC increased its position in shares of KeyCorp by 107.2% during the 3rd quarter. Kohmann Bosshard Financial Services LLC now owns 21,979 shares of the financial services provider’s stock valued at $368,000 after purchasing an additional 11,370 shares during the last quarter. Institutional investors own 79.69% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on KEY shares. Baird R W lowered shares of KeyCorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 14th. The Goldman Sachs Group set a $19.00 target price on shares of KeyCorp in a report on Thursday, October 17th. Morgan Stanley increased their target price on shares of KeyCorp from $18.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 14th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $18.00 target price on shares of KeyCorp in a report on Tuesday, September 10th. Finally, Evercore ISI increased their target price on shares of KeyCorp from $18.50 to $20.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.62.

KeyCorp Stock Performance

KEY stock opened at $17.13 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.09. The business’s fifty day simple moving average is $16.67 and its two-hundred day simple moving average is $15.38. KeyCorp has a twelve month low of $9.50 and a twelve month high of $17.94. The firm has a market cap of $16.15 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 0.97 and a beta of 1.25.

Insiders Place Their Bets

In other news, Director Carlton L. Highsmith sold 10,000 shares of the firm’s stock in a transaction 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 trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.61% of the company’s stock.

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.