GSA Capital Partners LLP Cuts Stock Position in KeyCorp (NYSE:KEY)

GSA Capital Partners LLP lessened its holdings in shares of KeyCorp (NYSE:KEY) by 41.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,216 shares of the financial services provider’s stock after selling 19,287 shares during the quarter. GSA Capital Partners LLP’s holdings in KeyCorp were worth $456,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KEY. Intech Investment Management LLC acquired a new stake in KeyCorp during the 1st quarter worth $207,000. O Shaughnessy Asset Management LLC boosted its stake in KeyCorp by 368.2% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 214,145 shares of the financial services provider’s stock worth $3,386,000 after purchasing an additional 168,411 shares during the last quarter. Bessemer Group Inc. boosted its stake in KeyCorp by 21.4% during the 1st quarter. Bessemer Group Inc. now owns 14,512 shares of the financial services provider’s stock worth $230,000 after purchasing an additional 2,559 shares during the last quarter. Lake Street Advisors Group LLC acquired a new stake in KeyCorp during the 1st quarter worth $173,000. Finally, Pitcairn Co. boosted its position in shares of KeyCorp by 10.3% during the 1st quarter. Pitcairn Co. now owns 12,906 shares of the financial services provider’s stock valued at $204,000 after acquiring an additional 1,208 shares during the last quarter. Institutional investors and hedge funds own 79.69% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Robert W. Baird cut shares of KeyCorp from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $18.00 to $17.00 in a research report on Monday, October 14th. Barclays upped their target price on shares of KeyCorp from $16.00 to $19.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. UBS Group upped their target price on shares of KeyCorp from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group upped their target price on shares of KeyCorp from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, August 19th. Finally, Wells Fargo & Company boosted their price target on shares of KeyCorp from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $18.03.

KeyCorp Price Performance

KEY stock opened at $19.02 on Thursday. The company has a market capitalization of $18.85 billion, a P/E ratio of 1,902.00, a PEG ratio of 1.06 and a beta of 1.24. KeyCorp has a twelve month low of $11.64 and a twelve month high of $20.00. The business has a 50 day simple moving average of $17.42 and a 200-day simple moving average of $15.90. 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 posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.03. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. KeyCorp had a return on equity of 8.24% and a net margin of 0.76%. As a group, equities analysts anticipate that KeyCorp will post 1.09 EPS for the current year.

Insider Buying and Selling

In related news, insider Angela G. Mago sold 15,011 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $19.59, for a total transaction of $294,065.49. Following the completion of the sale, the insider now directly owns 234,582 shares of the company’s stock, valued at $4,595,461.38. This trade represents a 6.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Carlton L. Highsmith sold 9,000 shares of the 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 sale, the director now directly owns 37,864 shares of the company’s stock, valued at approximately $648,988.96. This represents a 19.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

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.