Venture Visionary Partners LLC Reduces Stake in KeyCorp (NYSE:KEY)

Venture Visionary Partners LLC lessened its position in shares of KeyCorp (NYSE:KEY) by 34.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 136,967 shares of the financial services provider’s stock after selling 72,870 shares during the quarter. Venture Visionary Partners LLC’s holdings in KeyCorp were worth $2,294,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of KEY. Freestone Capital Holdings LLC bought a new stake in shares of KeyCorp during the 1st quarter valued at $561,000. Assenagon Asset Management S.A. raised its stake in KeyCorp by 87.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,308,797 shares of the financial services provider’s stock worth $18,598,000 after acquiring an additional 610,688 shares during the period. Commerce Bank lifted its holdings in KeyCorp by 399.7% during the first quarter. Commerce Bank now owns 456,136 shares of the financial services provider’s stock valued at $7,212,000 after purchasing an additional 364,850 shares in the last quarter. MBB Public Markets I LLC bought a new position in shares of KeyCorp in the second quarter worth approximately $981,000. Finally, Cetera Investment Advisers increased its stake in KeyCorp by 274.4% in the 1st quarter. Cetera Investment Advisers now owns 332,140 shares of the financial services provider’s stock worth $5,251,000 after buying an additional 243,437 shares in the last quarter. Institutional investors own 79.69% of the company’s stock.

KeyCorp Stock Down 1.4 %

Shares of KEY opened at $17.10 on Tuesday. The firm has a fifty day moving average price of $16.64 and a 200-day moving average price of $15.37. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $16.12 billion, a P/E ratio of 21.65, a P/E/G ratio of 0.97 and a beta of 1.25. KeyCorp has a 12-month low of $9.50 and a 12-month high of $17.94.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of KeyCorp from $17.50 to $16.50 and set a “neutral” rating on the stock in a report on Thursday, June 27th. Jefferies Financial Group increased their price target on KeyCorp from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, August 19th. Baird R W downgraded KeyCorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 14th. Citigroup set a $19.00 target price on KeyCorp in a research report on Thursday. Finally, Robert W. Baird downgraded shares of KeyCorp from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $18.00 to $17.00 in a research note on Monday, October 14th. Eight research 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.62.

Insider Activity at KeyCorp

In other news, Director Carlton L. Highsmith sold 10,000 shares of the firm’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 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.61% of the stock is currently owned by company insiders.

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.