First Bank & Trust Lowers Stake in KeyCorp (NYSE:KEY)

First Bank & Trust lessened its holdings in KeyCorp (NYSE:KEY) by 4.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,667 shares of the financial services provider’s stock after selling 613 shares during the period. First Bank & Trust’s holdings in KeyCorp were worth $212,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Vontobel Holding Ltd. raised its stake in shares of KeyCorp by 2.1% during the 3rd quarter. Vontobel Holding Ltd. now owns 33,728 shares of the financial services provider’s stock worth $565,000 after buying an additional 679 shares during the period. Valeo Financial Advisors LLC lifted its holdings in KeyCorp by 1.0% during the first quarter. Valeo Financial Advisors LLC now owns 69,213 shares of the financial services provider’s stock valued at $1,094,000 after purchasing an additional 704 shares in the last quarter. Raymond James Trust N.A. boosted its holdings in KeyCorp by 2.5% in the 2nd quarter. Raymond James Trust N.A. now owns 30,155 shares of the financial services provider’s stock worth $429,000 after buying an additional 724 shares during the last quarter. Caldwell Sutter Capital Inc. boosted its stake in shares of KeyCorp by 3.7% in the first quarter. Caldwell Sutter Capital Inc. now owns 20,927 shares of the financial services provider’s stock worth $331,000 after acquiring an additional 742 shares during the last quarter. Finally, Lake Street Advisors Group LLC increased its holdings in shares of KeyCorp by 7.4% in the third quarter. Lake Street Advisors Group LLC now owns 11,697 shares of the financial services provider’s stock valued at $196,000 after purchasing an additional 801 shares during the last quarter. Institutional investors and hedge funds own 79.69% of the company’s stock.

Insiders Place Their Bets

In other news, Director Carlton L. Highsmith sold 10,000 shares of the stock in a transaction that occurred 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 $759,665.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on KEY. Baird R W cut shares of KeyCorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 14th. Morgan Stanley raised their target price on KeyCorp from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 14th. Royal Bank of Canada upped their price target on KeyCorp from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Robert W. Baird downgraded KeyCorp from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $18.00 to $17.00 in a research report on Monday, October 14th. Finally, DA Davidson upped their target price on shares of KeyCorp from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.79.

KeyCorp Stock Down 1.1 %

Shares of KeyCorp stock opened at $17.04 on Friday. KeyCorp has a one year low of $9.77 and a one year high of $17.94. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a fifty day moving average of $16.73 and a two-hundred day moving average of $15.42. The company has a market cap of $16.07 billion, a P/E ratio of 21.57, a PEG ratio of 0.94 and a beta of 1.25.

KeyCorp 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.