Sigma Planning Corp Sells 8,191 Shares of KeyCorp (NYSE:KEY)

Sigma Planning Corp decreased its position in shares of KeyCorp (NYSE:KEY) by 40.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 12,285 shares of the financial services provider’s stock after selling 8,191 shares during the quarter. Sigma Planning Corp’s holdings in KeyCorp were worth $206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of KEY. Pathway Financial Advisers LLC bought a new position in KeyCorp during the first quarter worth about $25,000. Wolff Wiese Magana LLC grew its position 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 purchasing an additional 1,142 shares in the last quarter. American Capital Advisory LLC bought a new position in shares of KeyCorp during the third quarter worth approximately $28,000. Crewe Advisors LLC acquired a new stake in shares of KeyCorp in the first quarter valued at approximately $32,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of KeyCorp in the third quarter valued at approximately $35,000. Institutional investors and hedge funds own 79.69% of the company’s stock.

KeyCorp Price Performance

KeyCorp stock opened at $19.16 on Monday. The company has a market capitalization of $18.99 billion, a PE ratio of 1,916.00, a P/E/G ratio of 1.05 and a beta of 1.24. 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 stock has a 50-day moving average price of $17.23 and a two-hundred day moving average price of $15.82. KeyCorp has a 12 month low of $11.64 and a 12 month high of $20.00.

KeyCorp (NYSE:KEY) last posted its 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 net margin of 0.76% and a return on equity of 8.24%. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. Analysts expect that KeyCorp will post 1.09 EPS for the current year.

Insider Transactions at KeyCorp

In other news, insider Angela G. Mago sold 15,011 shares of the company’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 sale, the insider now directly owns 234,582 shares of the company’s stock, valued at approximately $4,595,461.38. This represents a 6.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Carlton L. Highsmith sold 9,000 shares of KeyCorp stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $17.14, for a total transaction of $154,260.00. Following the transaction, the director now directly owns 37,864 shares of the company’s stock, valued at $648,988.96. This represents a 19.20 % decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on KEY. Royal Bank of Canada raised their price objective on KeyCorp from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. DA Davidson boosted their price target on KeyCorp from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Wells Fargo & Company increased their price objective on shares of KeyCorp from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday. Morgan Stanley boosted their target price on shares of KeyCorp from $18.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 14th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $18.00 price target on shares of KeyCorp in a research report on Tuesday, September 10th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, KeyCorp has an average rating of “Moderate Buy” and a consensus target price of $18.03.

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.