American Capital Advisory LLC Acquires New Holdings in KeyCorp (NYSE:KEY)

American Capital Advisory LLC bought a new position in shares of KeyCorp (NYSE:KEY) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 1,684 shares of the financial services provider’s stock, valued at approximately $28,000.

Several other hedge funds have also recently bought and sold shares of KEY. Allspring Global Investments Holdings LLC lifted its position in KeyCorp by 1.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 63,987 shares of the financial services provider’s stock valued at $1,012,000 after acquiring an additional 1,093 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of KeyCorp by 29.0% during the first quarter. Private Advisor Group LLC now owns 128,622 shares of the financial services provider’s stock worth $2,034,000 after buying an additional 28,907 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of KeyCorp by 42.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 470,315 shares of the financial services provider’s stock worth $7,115,000 after buying an additional 140,660 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in shares of KeyCorp during the first quarter worth about $39,000. Finally, Daiwa Securities Group Inc. raised its position in KeyCorp by 9.0% in the 1st quarter. Daiwa Securities Group Inc. now owns 92,487 shares of the financial services provider’s stock valued at $1,462,000 after buying an additional 7,635 shares during the last quarter. 79.69% of the stock is currently owned by institutional investors and hedge funds.

KeyCorp Price Performance

Shares of NYSE KEY traded up $2.15 during midday trading on Wednesday, reaching $19.41. The company’s stock had a trading volume of 8,806,739 shares, compared to its average volume of 13,991,689. 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 company has a market cap of $18.31 billion, a P/E ratio of 1,932.00, a P/E/G ratio of 0.94 and a beta of 1.24. The business’s 50 day moving average price is $16.81 and its two-hundred day moving average price is $15.56. KeyCorp has a fifty-two week low of $10.73 and a fifty-two week high of $19.49.

Insider Activity

In related news, Director Carlton L. Highsmith sold 10,000 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $16.21, for a total value of $162,100.00. Following the completion of the transaction, the director now owns 46,864 shares of the company’s stock, valued at $759,665.44. The trade was 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 this link. Corporate insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on KEY. Robert W. Baird cut shares of KeyCorp from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $18.00 to $17.00 in a research note on Monday, October 14th. Morgan Stanley lifted their price target on shares of KeyCorp from $18.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 14th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $18.00 price objective on shares of KeyCorp in a research note on Tuesday, September 10th. Jefferies Financial Group lifted their target price on KeyCorp from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, August 19th. Finally, Evercore ISI upped their target price on KeyCorp from $18.50 to $20.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.79.

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.