Sequoia Financial Advisors LLC Boosts Position in KeyCorp (NYSE:KEY)

Sequoia Financial Advisors LLC raised its position in shares of KeyCorp (NYSE:KEY) by 2.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 60,481 shares of the financial services provider’s stock after purchasing an additional 1,192 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in KeyCorp were worth $1,013,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Raymond James & Associates grew its position in KeyCorp by 8.2% during the third quarter. Raymond James & Associates now owns 1,577,453 shares of the financial services provider’s stock valued at $26,422,000 after buying an additional 120,099 shares during the period. Blue Trust Inc. boosted its stake in shares of KeyCorp by 63.5% during the 3rd quarter. Blue Trust Inc. now owns 37,896 shares of the financial services provider’s stock worth $635,000 after acquiring an additional 14,725 shares during the last quarter. Kohmann Bosshard Financial Services LLC increased its stake in shares of KeyCorp by 107.2% in the 3rd quarter. Kohmann Bosshard Financial Services LLC now owns 21,979 shares of the financial services provider’s stock worth $368,000 after purchasing an additional 11,370 shares in the last quarter. Trust Co. of Vermont increased its stake in shares of KeyCorp by 582.3% in the 3rd quarter. Trust Co. of Vermont now owns 2,729 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 2,329 shares in the last quarter. Finally, Rheos Capital Works Inc. raised its holdings in KeyCorp by 20.0% in the 3rd quarter. Rheos Capital Works Inc. now owns 600,000 shares of the financial services provider’s stock worth $10,050,000 after purchasing an additional 100,000 shares during the period. Hedge funds and other institutional investors own 79.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on KEY. The Goldman Sachs Group set a $19.00 price target on KeyCorp in a research report on Thursday, October 17th. Wedbush raised their target price on shares of KeyCorp from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. Morgan Stanley upped their price target 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. Baird R W downgraded shares of KeyCorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 14th. Finally, Barclays upped their target price on shares of KeyCorp from $16.00 to $19.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, KeyCorp has an average rating of “Moderate Buy” and an average price target of $17.79.

KeyCorp Stock Performance

Shares of KeyCorp stock opened at $17.04 on Friday. 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’s fifty day moving average price is $16.72 and its 200-day moving average price is $15.41. The firm has a market cap of $16.07 billion, a P/E ratio of 21.57, a P/E/G ratio of 0.94 and a beta of 1.25. KeyCorp has a 12 month low of $9.77 and a 12 month high of $17.94.

Insiders Place Their Bets

In other news, Director Carlton L. Highsmith sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $16.21, for a total value of $162,100.00. Following the completion of the sale, the director now owns 46,864 shares of the company’s stock, valued at approximately $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 accessible through this link. 0.61% of the stock is owned by company insiders.

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.