Mirae Asset Global Investments Co. Ltd. Increases Holdings in KeyCorp (NYSE:KEY)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of KeyCorp (NYSE:KEY) by 14.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 657,913 shares of the financial services provider’s stock after purchasing an additional 85,052 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.07% of KeyCorp worth $10,928,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC grew its holdings in KeyCorp by 1.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 63,987 shares of the financial services provider’s stock valued at $1,012,000 after purchasing an additional 1,093 shares during the period. Valeo Financial Advisors LLC lifted its position in shares of KeyCorp by 1.0% during the 1st quarter. Valeo Financial Advisors LLC now owns 69,213 shares of the financial services provider’s stock valued at $1,094,000 after buying an additional 704 shares during the last quarter. Caldwell Sutter Capital Inc. grew its stake in shares of KeyCorp by 3.7% during the 1st quarter. Caldwell Sutter Capital Inc. now owns 20,927 shares of the financial services provider’s stock worth $331,000 after acquiring an additional 742 shares during the period. First Trust Direct Indexing L.P. increased its holdings in KeyCorp by 10.8% in the 1st quarter. First Trust Direct Indexing L.P. now owns 48,155 shares of the financial services provider’s stock worth $761,000 after acquiring an additional 4,705 shares during the last quarter. Finally, HB Wealth Management LLC raised its stake in KeyCorp by 10.4% in the 1st quarter. HB Wealth Management LLC now owns 34,340 shares of the financial services provider’s stock valued at $543,000 after acquiring an additional 3,233 shares during the period. 79.69% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other KeyCorp news, Director Carlton L. Highsmith sold 10,000 shares of KeyCorp stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $16.21, for a total transaction of $162,100.00. Following the transaction, the director now directly owns 46,864 shares of the company’s stock, valued at approximately $759,665.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.61% of the stock is owned by insiders.

Wall Street Analyst Weigh In

KEY has been the subject of a number of research reports. DA Davidson increased their target price on shares of KeyCorp from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. The Goldman Sachs Group set a $19.00 price objective on shares of KeyCorp in a report on Thursday, October 17th. 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 report on Wednesday, August 14th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $18.00 price target on shares of KeyCorp in a report on Tuesday, September 10th. Finally, Citigroup set a $19.00 price target on KeyCorp in a research report on Thursday, October 17th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.79.

KeyCorp Price Performance

Shares of KeyCorp stock opened at $17.04 on Monday. The firm has a market capitalization of $16.07 billion, a PE ratio of 21.57, a price-to-earnings-growth ratio of 0.94 and a beta of 1.25. 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 has a 12 month low of $9.77 and a 12 month high of $17.94. The business’s 50-day moving average price is $16.73 and its 200-day moving average price is $15.42.

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.