NorthRock Partners LLC Has $304,000 Stake in KeyCorp (NYSE:KEY)

NorthRock Partners LLC lowered its stake in KeyCorp (NYSE:KEY) by 6.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,173 shares of the financial services provider’s stock after selling 1,244 shares during the period. NorthRock Partners LLC’s holdings in KeyCorp were worth $304,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Assenagon Asset Management S.A. lifted its position in KeyCorp by 280.3% during 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 purchasing an additional 3,668,168 shares during the period. Ceredex Value Advisors LLC boosted its stake in 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. Westfield Capital Management Co. LP acquired a new stake in KeyCorp during the 1st quarter worth $42,857,000. National Bank of Canada FI raised its position in shares of KeyCorp by 1,051.3% during the 1st quarter. National Bank of Canada FI now owns 2,569,771 shares of the financial services provider’s stock valued at $38,752,000 after acquiring an additional 2,346,565 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of KeyCorp in the 2nd quarter valued at $33,273,000. Institutional investors own 79.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on KEY shares. Wedbush lifted their price objective on KeyCorp from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. UBS Group upped their price target on KeyCorp from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Morgan Stanley increased their price target on shares of KeyCorp from $18.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 14th. Barclays upped their target price on shares of KeyCorp from $16.00 to $19.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Finally, DA Davidson lifted their price target on shares of KeyCorp from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $17.79.

Insider Buying and Selling

In other KeyCorp news, Director Carlton L. Highsmith sold 10,000 shares of KeyCorp 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 sale, the director now directly owns 46,864 shares in the company, valued at approximately $759,665.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is currently owned by corporate insiders.

KeyCorp Trading Up 15.7 %

NYSE:KEY opened at $19.97 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.09. KeyCorp has a twelve month low of $10.73 and a twelve month high of $20.00. The company has a market cap of $18.84 billion, a P/E ratio of 1,997.00, a price-to-earnings-growth ratio of 0.94 and a beta of 1.24. The business has a 50 day moving average price of $16.88 and a two-hundred day moving average price of $15.59.

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.