Huntington National Bank decreased its holdings in shares of KeyCorp (NYSE:KEY) by 5.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,456 shares of the financial services provider’s stock after selling 4,252 shares during the period. Huntington National Bank’s holdings in KeyCorp were worth $1,311,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Buckingham Capital Management Inc. purchased a new stake in KeyCorp in the 1st quarter worth about $949,000. Crossmark Global Holdings Inc. boosted its holdings in shares of KeyCorp by 1.8% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 86,988 shares of the financial services provider’s stock valued at $1,544,000 after buying an additional 1,514 shares in the last quarter. Pennsylvania Trust Co boosted its holdings in shares of KeyCorp by 3.1% in the 2nd quarter. Pennsylvania Trust Co now owns 428,446 shares of the financial services provider’s stock valued at $7,605,000 after buying an additional 13,013 shares in the last quarter. Chesley Taft & Associates LLC boosted its holdings in shares of KeyCorp by 3.7% in the 2nd quarter. Chesley Taft & Associates LLC now owns 52,750 shares of the financial services provider’s stock valued at $936,000 after buying an additional 1,900 shares in the last quarter. Finally, Hexavest Inc. acquired a new position in shares of KeyCorp in the 2nd quarter valued at $39,330,000. Institutional investors and hedge funds own 80.01% of the company’s stock.

Shares of KEY stock traded up $0.05 during mid-day trading on Friday, hitting $19.35. The stock had a trading volume of 3,114,722 shares, compared to its average volume of 9,586,161. KeyCorp has a fifty-two week low of $13.65 and a fifty-two week high of $19.48. The firm has a market cap of $18.90 billion, a PE ratio of 11.18, a PEG ratio of 2.62 and a beta of 1.29. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.91 and a quick ratio of 0.89. The company’s 50-day simple moving average is $17.88 and its 200-day simple moving average is $17.30.

KeyCorp (NYSE:KEY) last released its earnings results on Thursday, October 17th. The financial services provider reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. KeyCorp had a net margin of 21.93% and a return on equity of 12.71%. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the business earned $0.45 EPS. The business’s revenue was up 1.7% on a year-over-year basis. On average, analysts expect that KeyCorp will post 1.8 EPS for the current year.

KEY has been the subject of several research analyst reports. Piper Jaffray Companies set a $19.00 target price on shares of KeyCorp and gave the company a “buy” rating in a report on Wednesday, September 4th. TD Securities decreased their price target on shares of KeyCorp from $42.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday. Morgan Stanley decreased their price target on shares of KeyCorp from $21.00 to $20.50 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Wedbush increased their price target on shares of KeyCorp from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Finally, BMO Capital Markets decreased their price target on shares of KeyCorp from $36.00 to $34.00 and set a “market perform” rating for the company in a research note on Wednesday. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $24.89.

In other news, insider Amy G. Brady sold 10,806 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $18.02, for a total value of $194,724.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Paul N. Harris sold 173,777 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $18.50, for a total transaction of $3,214,874.50. Following the completion of the transaction, the general counsel now owns 78,811 shares of the company’s stock, valued at approximately $1,458,003.50. The disclosure for this sale can be found here. Insiders sold a total of 657,271 shares of company stock valued at $12,049,355 in the last 90 days. Company insiders own 0.08% of the company’s stock.

About KeyCorp

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company's Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans.

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Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

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