Future Financial Wealth Managment LLC Has $296,000 Stock Position in KeyCorp (NYSE:KEY)

Future Financial Wealth Managment LLC lowered its holdings in shares of KeyCorp (NYSE:KEY) by 5.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,700 shares of the financial services provider’s stock after selling 1,000 shares during the period. Future Financial Wealth Managment LLC’s holdings in KeyCorp were worth $296,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Freestone Capital Holdings LLC acquired a new stake in KeyCorp in the first quarter valued at approximately $561,000. Assenagon Asset Management S.A. grew its stake in KeyCorp by 87.5% in the second quarter. Assenagon Asset Management S.A. now owns 1,308,797 shares of the financial services provider’s stock valued at $18,598,000 after acquiring an additional 610,688 shares during the period. Commerce Bank grew its stake in KeyCorp by 399.7% in the first quarter. Commerce Bank now owns 456,136 shares of the financial services provider’s stock valued at $7,212,000 after acquiring an additional 364,850 shares during the period. Seven Eight Capital LP acquired a new stake in KeyCorp in the fourth quarter valued at approximately $801,000. Finally, MBB Public Markets I LLC acquired a new stake in KeyCorp in the second quarter valued at approximately $981,000. Institutional investors and hedge funds own 79.69% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on KEY. Morgan Stanley raised their price objective on KeyCorp from $18.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 14th. DA Davidson raised their price objective on KeyCorp from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, July 19th. UBS Group lowered KeyCorp from a “buy” rating to a “neutral” rating and dropped their target price for the company from $16.00 to $15.00 in a report on Monday, July 8th. Evercore ISI raised their target price on KeyCorp from $18.50 to $20.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Finally, Jefferies Financial Group raised their target price on KeyCorp from $18.00 to $19.00 and gave the company a “buy” rating in a report on Monday, August 19th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, KeyCorp presently has a consensus rating of “Moderate Buy” and an average target price of $16.91.

Insider Buying and Selling at KeyCorp

In other KeyCorp news, Director Carlton L. Highsmith sold 10,000 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $16.21, for a total value of $162,100.00. Following the sale, the director now directly owns 46,864 shares in the company, valued at $759,665.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.61% of the company’s stock.

KeyCorp Stock Performance

Shares of KeyCorp stock opened at $16.73 on Wednesday. The business’s fifty day simple moving average is $16.19 and its 200 day simple moving average is $15.24. The firm has a market capitalization of $15.78 billion, a P/E ratio of 21.18, a price-to-earnings-growth ratio of 0.93 and a beta of 1.25. KeyCorp has a 12 month low of $9.50 and a 12 month high of $17.39. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.37.

KeyCorp (NYSE:KEY) last issued its earnings results on Thursday, July 18th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.52 billion. KeyCorp had a return on equity of 8.64% and a net margin of 7.35%. The business’s revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share. As a group, analysts anticipate that KeyCorp will post 1.09 EPS for the current year.

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.