Angela G. Mago Sells 15,011 Shares of KeyCorp (NYSE:KEY) Stock

KeyCorp (NYSE:KEY) insider Angela G. Mago sold 15,011 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $19.59, for a total transaction of $294,065.49. Following the sale, the insider now directly owns 234,582 shares in the company, valued at approximately $4,595,461.38. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

KeyCorp Trading Down 1.0 %

KEY stock traded down $0.18 during trading on Friday, reaching $18.98. 15,224,934 shares of the stock were exchanged, compared to its average volume of 14,092,996. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $17.90 billion, a price-to-earnings ratio of 1,897.50, a P/E/G ratio of 1.10 and a beta of 1.24. The business has a 50 day moving average price of $16.96 and a 200-day moving average price of $15.65. KeyCorp has a 1 year low of $10.73 and a 1 year high of $20.00.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on KEY shares. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $18.00 price target on shares of KeyCorp in a research report on Tuesday, September 10th. Wedbush increased their target price on KeyCorp from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. UBS Group boosted their price target on shares of KeyCorp from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Royal Bank of Canada upped their price objective on shares of KeyCorp from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Finally, Evercore ISI lifted their target price on shares of KeyCorp from $18.50 to $20.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.79.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Financial Advocates Investment Management raised its position in KeyCorp by 2.3% in the third quarter. Financial Advocates Investment Management now owns 26,872 shares of the financial services provider’s stock valued at $450,000 after purchasing an additional 602 shares during the period. HM Payson & Co. raised its holdings in KeyCorp by 27.0% in the 3rd quarter. HM Payson & Co. now owns 3,060 shares of the financial services provider’s stock valued at $51,000 after buying an additional 650 shares during the period. Graypoint LLC lifted its position in KeyCorp by 4.7% in the third quarter. Graypoint LLC now owns 14,954 shares of the financial services provider’s stock valued at $250,000 after buying an additional 675 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in KeyCorp by 2.1% during the third 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. Finally, Empirical Finance LLC increased its position in shares of KeyCorp by 2.2% during the third quarter. Empirical Finance LLC now owns 32,361 shares of the financial services provider’s stock valued at $542,000 after acquiring an additional 705 shares during the last quarter. 79.69% of the stock is currently owned by hedge funds and other institutional investors.

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.