Carlton L. Highsmith Sells 9,000 Shares of KeyCorp (NYSE:KEY) Stock

KeyCorp (NYSE:KEY) Director Carlton L. Highsmith sold 9,000 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $17.14, for a total value of $154,260.00. Following the sale, the director now directly owns 37,864 shares in the company, valued at $648,988.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

KeyCorp Price Performance

Shares of KeyCorp stock traded down $0.81 during trading on Thursday, hitting $19.16. 13,779,370 shares of the company were exchanged, compared to its average volume of 14,087,284. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.09. KeyCorp has a fifty-two week low of $10.73 and a fifty-two week high of $20.00. The stock has a market capitalization of $18.07 billion, a price-to-earnings ratio of 1,907.00, a P/E/G ratio of 0.94 and a beta of 1.24. The firm has a 50 day moving average price of $16.88 and a 200 day moving average price of $15.59.

Wall Street Analyst Weigh In

KEY has been the subject of a number of research analyst reports. Wedbush raised their target price on KeyCorp from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. Baird R W cut KeyCorp from a “strong-buy” rating to a “hold” rating in a report on Monday, October 14th. Barclays lifted their price target on shares of KeyCorp from $16.00 to $19.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Citigroup lowered KeyCorp from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research report on Thursday. Finally, UBS Group upped their price objective on KeyCorp from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.79.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Pathway Financial Advisers LLC purchased a new stake in KeyCorp in the 1st quarter worth approximately $25,000. Wolff Wiese Magana LLC lifted its holdings in KeyCorp by 285.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider’s stock worth $26,000 after buying an additional 1,142 shares in the last quarter. American Capital Advisory LLC acquired a new position in KeyCorp in the 3rd quarter worth $28,000. Crewe Advisors LLC acquired a new position in KeyCorp in the 1st quarter worth $32,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of KeyCorp in the 3rd quarter valued at about $35,000. 79.69% of the stock is currently owned by institutional investors and hedge funds.

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.