AHL Investment Management Inc. Has $848,000 Stake in KeyCorp (NYSE:KEY)

AHL Investment Management Inc. trimmed its holdings in KeyCorp (NYSE:KEY) by 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,600 shares of the financial services provider’s stock after selling 1,288 shares during the period. AHL Investment Management Inc.’s holdings in KeyCorp were worth $848,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in KEY. Assenagon Asset Management S.A. lifted its holdings in KeyCorp by 280.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,976,965 shares of the financial services provider’s stock worth $83,364,000 after purchasing an additional 3,668,168 shares during the last quarter. Ceredex Value Advisors LLC lifted its holdings in KeyCorp by 112.4% during the 2nd quarter. Ceredex Value Advisors LLC now owns 6,647,393 shares of the financial services provider’s stock worth $94,459,000 after purchasing an additional 3,517,755 shares during the last quarter. Westfield Capital Management Co. LP acquired a new stake in KeyCorp during the 1st quarter worth approximately $42,857,000. National Bank of Canada FI lifted its holdings in KeyCorp by 1,051.3% during the 1st quarter. National Bank of Canada FI now owns 2,569,771 shares of the financial services provider’s stock worth $38,752,000 after purchasing an additional 2,346,565 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in KeyCorp during the 2nd quarter worth approximately $33,273,000. 79.69% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other KeyCorp news, Director Carlton L. Highsmith sold 10,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $16.21, for a total value of $162,100.00. Following the completion of the transaction, the director now owns 46,864 shares of the company’s stock, valued at $759,665.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.67% of the stock is currently owned by corporate insiders.

KeyCorp Trading Up 1.3 %

Shares of KEY opened at $17.26 on Wednesday. KeyCorp has a 52-week low of $10.73 and a 52-week high of $17.94. The business’s fifty day moving average is $16.81 and its 200-day moving average is $15.56. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market cap of $16.28 billion, a price-to-earnings ratio of 1,726.00, a PEG ratio of 0.94 and a beta of 1.24.

Wall Street Analysts Forecast Growth

KEY has been the subject of several research reports. Wedbush lifted their price target on KeyCorp from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $18.00 price target on shares of KeyCorp in a report on Tuesday, September 10th. DA Davidson raised their price objective on KeyCorp from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. The Goldman Sachs Group set a $19.00 price objective on KeyCorp in a research note on Thursday, October 17th. Finally, Baird R W lowered KeyCorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 14th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.79.

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.