Stevens Capital Management LP cut its holdings in shares of KeyCorp (NYSE:KEY) by 45.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 260,302 shares of the financial services provider’s stock after selling 218,068 shares during the period. Stevens Capital Management LP’s holdings in KeyCorp were worth $4,899,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Meeder Asset Management Inc. increased its position in shares of KeyCorp by 78.0% during the third quarter. Meeder Asset Management Inc. now owns 56,046 shares of the financial services provider’s stock worth $1,055,000 after acquiring an additional 24,554 shares in the last quarter. Trust Co. of Toledo NA OH increased its position in shares of KeyCorp by 0.4% during the second quarter. Trust Co. of Toledo NA OH now owns 42,951 shares of the financial services provider’s stock worth $805,000 after acquiring an additional 178 shares in the last quarter. Flippin Bruce & Porter Inc. increased its position in shares of KeyCorp by 3.9% during the second quarter. Flippin Bruce & Porter Inc. now owns 451,881 shares of the financial services provider’s stock worth $8,468,000 after acquiring an additional 17,103 shares in the last quarter. Greenwood Capital Associates LLC increased its position in shares of KeyCorp by 1.3% during the second quarter. Greenwood Capital Associates LLC now owns 41,874 shares of the financial services provider’s stock worth $785,000 after acquiring an additional 534 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of KeyCorp by 2.7% during the second quarter. BlackRock Inc. now owns 86,694,342 shares of the financial services provider’s stock worth $1,624,654,000 after acquiring an additional 2,280,450 shares in the last quarter. 81.25% of the stock is owned by institutional investors.

KEY has been the subject of several recent research reports. Zacks Investment Research raised shares of KeyCorp from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Tuesday, July 11th. Instinet reaffirmed a “buy” rating and issued a $23.00 price objective on shares of KeyCorp in a research report on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $21.00 price objective on shares of KeyCorp in a research report on Friday, July 14th. BidaskClub downgraded shares of KeyCorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, DA Davidson raised shares of KeyCorp from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $20.00 to $21.00 in a research report on Thursday, July 20th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company. KeyCorp presently has an average rating of “Hold” and a consensus target price of $20.53.

In related news, Director Carlton L. Highsmith sold 7,600 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $18.39, for a total transaction of $139,764.00. Following the sale, the director now directly owns 68,725 shares in the company, valued at approximately $1,263,852.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andrew J. Paine III sold 46,854 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $18.56, for a total transaction of $869,610.24. Following the sale, the insider now owns 110,052 shares in the company, valued at $2,042,565.12. The disclosure for this sale can be found here. Insiders have sold a total of 57,212 shares of company stock worth $1,060,508 over the last 90 days. 0.65% of the stock is currently owned by corporate insiders.

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Shares of KeyCorp (KEY) opened at $18.01 on Wednesday. The company has a market cap of $19,980.93, a P/E ratio of 14.08, a P/E/G ratio of 1.69 and a beta of 1.10. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.89 and a current ratio of 0.90. KeyCorp has a 52 week low of $14.16 and a 52 week high of $19.53.

KeyCorp (NYSE:KEY) last announced its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.35 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.35. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.56 billion. KeyCorp had a net margin of 18.69% and a return on equity of 10.35%. KeyCorp’s revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.30 EPS. research analysts predict that KeyCorp will post 1.38 earnings per share for the current fiscal year.

KeyCorp Company Profile

KeyCorp is a bank holding company. The Company is a bank-based financial services company. The Company operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, it provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, and investment banking products and services to individual, corporate and institutional clients.

Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

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