17,187 Shares in KeyCorp (NYSE:KEY) Bought by Proactive Wealth Strategies LLC

Proactive Wealth Strategies LLC purchased a new position in shares of KeyCorp (NYSE:KEY) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,187 shares of the financial services provider’s stock, valued at approximately $288,000.

Other institutional investors have also bought and sold shares of the company. Wolff Wiese Magana LLC grew its stake in KeyCorp by 285.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,142 shares during the period. Pathway Financial Advisers LLC bought a new position in KeyCorp in the 1st quarter valued at $25,000. American Capital Advisory LLC purchased a new position in shares of KeyCorp during the 3rd quarter valued at $28,000. Crewe Advisors LLC purchased a new position in shares of KeyCorp during the 1st quarter valued at $32,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of KeyCorp during the 3rd quarter valued at $35,000. Institutional investors own 79.69% of the company’s stock.

KeyCorp Stock Up 1.5 %

Shares of NYSE:KEY opened at $19.25 on Tuesday. The stock has a fifty day simple moving average of $17.01 and a two-hundred day simple moving average of $15.69. The stock has a market capitalization of $19.08 billion, a price-to-earnings ratio of 1,925.00, a PEG ratio of 1.05 and a beta of 1.24. KeyCorp has a 12-month low of $10.73 and a 12-month high of $20.00. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.09.

KeyCorp (NYSE:KEY) last announced its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. KeyCorp had a return on equity of 8.24% and a net margin of 0.76%. On average, research analysts anticipate that KeyCorp will post 1.08 earnings per share for the current fiscal year.

Insider Buying and Selling at KeyCorp

In other KeyCorp news, Director Carlton L. Highsmith sold 9,000 shares of KeyCorp stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $17.14, for a total value of $154,260.00. Following the completion of the sale, the director now owns 37,864 shares of the company’s stock, valued at approximately $648,988.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other KeyCorp news, insider Angela G. Mago sold 15,011 shares of KeyCorp stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $19.59, for a total value of $294,065.49. Following the completion of the sale, the insider now owns 234,582 shares of the company’s stock, valued at approximately $4,595,461.38. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carlton L. Highsmith sold 9,000 shares of KeyCorp stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $17.14, for a total value 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,011 shares of company stock worth $610,425. 0.61% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on KEY shares. Robert W. Baird cut KeyCorp from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $18.00 to $17.00 in a research report on Monday, October 14th. Wedbush upped their price target on KeyCorp from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Barclays upped their price target on KeyCorp from $16.00 to $19.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. 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 report on Friday, October 18th. Finally, Jefferies Financial Group upped their price target on KeyCorp from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, August 19th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.