Venturi Wealth Management LLC Grows Stock Holdings in KeyCorp (NYSE:KEY)

Venturi Wealth Management LLC grew its position in KeyCorp (NYSE:KEY) by 62.9% during the third quarter, Holdings Channel reports. The institutional investor owned 2,526 shares of the financial services provider’s stock after acquiring an additional 975 shares during the quarter. Venturi Wealth Management LLC’s holdings in KeyCorp were worth $42,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pathway Financial Advisers LLC purchased a new stake in KeyCorp during the first quarter valued at approximately $25,000. Wolff Wiese Magana LLC increased its position in shares of KeyCorp by 285.5% during the third 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 purchased a new stake in shares of KeyCorp during the 3rd quarter valued at $28,000. Crewe Advisors LLC acquired a new stake in shares of KeyCorp in the 1st quarter worth $32,000. Finally, Catalyst Capital Advisors LLC purchased a new position in KeyCorp during the 3rd quarter worth $35,000. Hedge funds and other institutional investors own 79.69% of the company’s stock.

Insiders Place Their Bets

In other news, Director Carlton L. Highsmith sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $17.14, for a total value of $154,260.00. Following the completion of the sale, the director now directly owns 37,864 shares in the company, valued at $648,988.96. The trade was a 19.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Angela G. Mago sold 15,011 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 234,582 shares in the company, valued at $4,595,461.38. This trade represents a 6.01 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

KeyCorp Trading Up 0.1 %

Shares of NYSE:KEY opened at $19.16 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. KeyCorp has a 12-month low of $11.64 and a 12-month high of $20.00. The business has a 50 day moving average of $17.16 and a two-hundred day moving average of $15.77. The company has a market capitalization of $18.99 billion, a PE ratio of 1,901.00, a PEG ratio of 1.05 and a beta of 1.24.

KeyCorp (NYSE:KEY) last posted its earnings results on Thursday, October 17th. The financial services provider reported $0.30 earnings per share for the quarter, beating 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 firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. As a group, analysts forecast that KeyCorp will post 1.08 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $18.00 price target on shares of KeyCorp in a research note on Tuesday, September 10th. Wells Fargo & Company lifted their target price on shares of KeyCorp from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday. Evercore ISI boosted their target price on shares of KeyCorp from $18.50 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Wedbush raised their price target on shares of KeyCorp from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. Finally, DA Davidson boosted their price objective on shares of KeyCorp from $19.00 to $20.00 and gave the company a “buy” rating in a report on Monday, October 21st. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, KeyCorp has a consensus rating of “Moderate Buy” and an average target price of $18.03.

KeyCorp 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.