KeyCorp (NYSE:KEY) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its stake in KeyCorp (NYSE:KEY) by 11.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,523 shares of the financial services provider’s stock after selling 6,146 shares during the period. Allspring Global Investments Holdings LLC’s holdings in KeyCorp were worth $830,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Pathway Financial Advisers LLC purchased a new position in shares of KeyCorp in the 1st quarter valued at $25,000. Wolff Wiese Magana LLC boosted its stake in shares of KeyCorp by 285.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 1,142 shares in the last quarter. Crewe Advisors LLC acquired a new position in shares of KeyCorp during the 1st quarter worth $32,000. Fidelis Capital Partners LLC purchased a new position in shares of KeyCorp during the 1st quarter worth approximately $39,000. Finally, Hexagon Capital Partners LLC raised its position in shares of KeyCorp by 189.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 2,311 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 1,513 shares during the last quarter. 79.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KEY. Wedbush increased their target price on KeyCorp from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Morgan Stanley lifted their price objective on KeyCorp from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 14th. Robert W. Baird lowered shares of KeyCorp from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $18.00 to $17.00 in a report on Monday, October 14th. DA Davidson lifted their price target on shares of KeyCorp from $19.00 to $20.00 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $18.00 price objective on shares of KeyCorp in a report on Tuesday, September 10th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.79.

KeyCorp Trading Down 1.4 %

Shares of NYSE:KEY opened at $17.25 on Friday. The company has a 50 day moving average of $16.80 and a 200-day moving average of $15.49. 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 cap of $16.27 billion, a P/E ratio of 1,725.00, a P/E/G ratio of 0.94 and a beta of 1.25. KeyCorp has a twelve month low of $9.95 and a twelve month high of $17.94.

Insiders Place Their Bets

In other KeyCorp news, Director Carlton L. Highsmith sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $16.21, for a total transaction of $162,100.00. Following the completion of the sale, the director now directly owns 46,864 shares in the company, valued at approximately $759,665.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.67% of the company’s stock.

About KeyCorp

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.