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

KeyCorp (NYSE:KEY) Director Carlton L. Highsmith sold 9,000 shares of KeyCorp stock in a transaction that occurred on Tuesday, November 5th. The stock was 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 directly owns 37,864 shares of the company’s stock, valued at $648,988.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

KeyCorp Stock Performance

Shares of KEY stock opened at $18.98 on Friday. KeyCorp has a 12 month low of $10.73 and a 12 month high of $20.00. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $17.90 billion, a P/E ratio of 1,897.50, a P/E/G ratio of 1.10 and a beta of 1.24. The company’s fifty day moving average price is $16.96 and its two-hundred day moving average price is $15.65.

Analyst Ratings Changes

KEY has been the subject of several research reports. Barclays boosted their price objective 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. Baird R W cut shares of KeyCorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 14th. Wedbush boosted their price objective on shares of KeyCorp from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. DA Davidson boosted their price objective on shares of KeyCorp from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $18.00 price objective on shares of KeyCorp in a research note on Tuesday, September 10th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, KeyCorp has a consensus rating of “Moderate Buy” and an average price target of $17.79.

Hedge Funds Weigh In On KeyCorp

A number of institutional investors have recently added to or reduced their stakes in the company. Financial Advocates Investment Management lifted its holdings in KeyCorp by 2.3% in the 3rd quarter. Financial Advocates Investment Management now owns 26,872 shares of the financial services provider’s stock worth $450,000 after buying an additional 602 shares in the last quarter. HM Payson & Co. increased its position in shares of KeyCorp by 27.0% in the 3rd quarter. HM Payson & Co. now owns 3,060 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 650 shares during the last quarter. Graypoint LLC increased its position in shares of KeyCorp by 4.7% in the 3rd quarter. Graypoint LLC now owns 14,954 shares of the financial services provider’s stock worth $250,000 after purchasing an additional 675 shares during the last quarter. Vontobel Holding Ltd. increased its position in shares of KeyCorp by 2.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 33,728 shares of the financial services provider’s stock worth $565,000 after purchasing an additional 679 shares during the last quarter. Finally, Empirical Finance LLC increased its position in shares of KeyCorp by 2.2% in the 3rd quarter. Empirical Finance LLC now owns 32,361 shares of the financial services provider’s stock worth $542,000 after purchasing an additional 705 shares during the last quarter. Institutional investors and hedge funds own 79.69% 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.