SG Americas Securities LLC Has $1.62 Million Position in KeyCorp (NYSE:KEY)

SG Americas Securities LLC trimmed its position in shares of KeyCorp (NYSE:KEY) by 67.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 96,793 shares of the financial services provider’s stock after selling 200,827 shares during the quarter. SG Americas Securities LLC’s holdings in KeyCorp were worth $1,621,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Czech National Bank boosted its position in KeyCorp by 5.2% during the 3rd quarter. Czech National Bank now owns 189,067 shares of the financial services provider’s stock worth $3,167,000 after buying an additional 9,397 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of KeyCorp during the second quarter valued at $3,923,000. Bluefin Capital Management LLC lifted its holdings in shares of KeyCorp by 201.2% during the second quarter. Bluefin Capital Management LLC now owns 78,300 shares of the financial services provider’s stock worth $1,113,000 after purchasing an additional 52,300 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of KeyCorp in the second quarter worth $845,000. Finally, Kimelman & Baird LLC acquired a new stake in KeyCorp in the second quarter valued at $114,000. 79.69% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

KeyCorp Stock Down 0.2 %

KEY stock opened at $16.73 on Wednesday. The stock’s 50 day simple moving average is $16.19 and its 200 day simple moving average is $15.24. The company has a market cap 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. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.85 and a current ratio of 0.85. KeyCorp has a fifty-two week low of $9.50 and a fifty-two week high of $17.39.

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

Wall Street Analyst Weigh In

KEY has been the topic of several recent research reports. Morgan Stanley lifted their target price on KeyCorp from $18.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 14th. DA Davidson upped their target price on KeyCorp from $16.00 to $18.00 and gave the company a “buy” rating in a report on Friday, July 19th. Citigroup increased their target price on shares of KeyCorp from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Wedbush boosted their price target on shares of KeyCorp from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $18.00 price objective on shares of KeyCorp in a research report on Tuesday, September 10th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, KeyCorp presently has a consensus rating of “Moderate Buy” and an average target price of $16.91.

About KeyCorp

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.