Insider Selling: KeyCorp (NYSE:KEY) Insider Sells 15,011 Shares of Stock

KeyCorp (NYSE:KEY) insider Angela G. Mago sold 15,011 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were 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 in the company, valued at $4,595,461.38. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

KeyCorp Stock Performance

KEY traded down $0.18 on Friday, reaching $18.98. The company had a trading volume of 15,224,934 shares, compared to its average volume of 14,092,996. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.09. KeyCorp has a 1 year low of $10.73 and a 1 year high of $20.00. The stock has a market capitalization of $17.90 billion, a PE ratio of 1,897.50, a P/E/G ratio of 1.10 and a beta of 1.24. The stock has a 50-day moving average price of $16.96 and a 200-day moving average price of $15.65.

Analysts Set New Price Targets

KEY has been the topic of a number of recent research reports. Citigroup lowered shares of KeyCorp from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research note on Thursday. Royal Bank of Canada increased their target price on shares of KeyCorp from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. DA Davidson boosted their price target on shares of KeyCorp from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Wedbush increased their price objective on KeyCorp from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. Finally, Robert W. Baird lowered KeyCorp from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $18.00 to $17.00 in a report on Monday, October 14th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, KeyCorp currently has an average rating of “Moderate Buy” and an average price target of $17.79.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in KEY. Ontario Teachers Pension Plan Board grew its position in shares of KeyCorp by 8.8% during the first quarter. Ontario Teachers Pension Plan Board now owns 21,690,319 shares of the financial services provider’s stock worth $342,924,000 after acquiring an additional 1,748,633 shares during the last quarter. Diamond Hill Capital Management Inc. raised its holdings in shares of KeyCorp by 12.2% in the second quarter. Diamond Hill Capital Management Inc. now owns 20,295,788 shares of the financial services provider’s stock valued at $288,403,000 after buying an additional 2,213,872 shares during the last quarter. Earnest Partners LLC boosted its stake in shares of KeyCorp by 23.2% during the second quarter. Earnest Partners LLC now owns 12,430,048 shares of the financial services provider’s stock worth $176,631,000 after buying an additional 2,339,454 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of KeyCorp by 2.9% during the second quarter. Dimensional Fund Advisors LP now owns 10,508,853 shares of the financial services provider’s stock worth $149,299,000 after buying an additional 300,339 shares during the last quarter. Finally, Ceredex Value Advisors LLC increased its position in KeyCorp by 112.4% in the 2nd quarter. Ceredex Value Advisors LLC now owns 6,647,393 shares of the financial services provider’s stock valued at $94,459,000 after acquiring an additional 3,517,755 shares during the period. Institutional investors and hedge funds own 79.69% of the company’s stock.

KeyCorp Company 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.