KeyCorp (NYSE:KEY) Shares Acquired by New England Asset Management Inc.

New England Asset Management Inc. boosted its position in KeyCorp (NYSE:KEY) by 0.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 562,160 shares of the financial services provider’s stock after purchasing an additional 4,615 shares during the quarter. KeyCorp comprises about 1.5% of New England Asset Management Inc.’s holdings, making the stock its 13th largest position. New England Asset Management Inc. owned 0.06% of KeyCorp worth $9,416,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC acquired a new position in shares of KeyCorp in the first quarter valued at approximately $25,000. 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 worth $26,000 after acquiring an additional 1,142 shares during the period. American Capital Advisory LLC purchased a new stake in KeyCorp in the 3rd quarter worth approximately $28,000. Crewe Advisors LLC acquired a new position in KeyCorp in the 1st quarter valued at $32,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of KeyCorp during the 3rd quarter worth $35,000. 79.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other KeyCorp news, Director Carlton L. Highsmith sold 9,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $17.14, for a total value of $154,260.00. Following the transaction, the director now owns 37,864 shares in the company, valued at $648,988.96. The trade was a 19.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Angela G. Mago sold 15,011 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $19.59, for a total value of $294,065.49. Following the sale, the insider now owns 234,582 shares of the company’s stock, valued at $4,595,461.38. This represents a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on KEY. DA Davidson lifted their price objective on KeyCorp from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $18.00 price target on shares of KeyCorp in a report on Tuesday, September 10th. Robert W. Baird lowered shares of KeyCorp from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $18.00 to $17.00 in a report on Monday, October 14th. Morgan Stanley raised their target price on shares of KeyCorp from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 14th. Finally, Baird R W lowered shares of KeyCorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 14th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, KeyCorp has an average rating of “Moderate Buy” and a consensus target price of $18.03.

KeyCorp Trading Up 0.4 %

Shares of KEY opened at $19.23 on Tuesday. KeyCorp has a 12 month low of $11.64 and a 12 month high of $20.00. The stock’s 50-day moving average is $17.29 and its two-hundred day moving average is $15.85. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market cap of $19.06 billion, a PE ratio of 1,923.00, a P/E/G ratio of 1.05 and a beta of 1.24.

KeyCorp (NYSE:KEY) last released its quarterly earnings results on Thursday, October 17th. The financial services provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.27 by $0.03. KeyCorp had a return on equity of 8.24% and a net margin of 0.76%. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. Equities analysts forecast that KeyCorp will post 1.09 earnings per share for the current fiscal year.

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.