International Assets Investment Management LLC Has $7.23 Million Stake in KeyCorp (NYSE:KEY)

International Assets Investment Management LLC grew its position in KeyCorp (NYSE:KEY) by 1,068.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 431,363 shares of the financial services provider’s stock after purchasing an additional 394,460 shares during the quarter. International Assets Investment Management LLC’s holdings in KeyCorp were worth $7,225,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Pathway Financial Advisers LLC bought a new stake in shares of KeyCorp in the first quarter valued at approximately $25,000. Wolff Wiese Magana LLC boosted its stake in shares of KeyCorp by 285.5% in the third quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider’s stock valued at $26,000 after buying an additional 1,142 shares during the period. Crewe Advisors LLC bought a new stake in shares of KeyCorp in the first quarter valued at approximately $32,000. Fidelis Capital Partners LLC bought a new stake in shares of KeyCorp in the first quarter valued at approximately $39,000. Finally, Hexagon Capital Partners LLC boosted its stake in shares of KeyCorp by 189.6% in the third quarter. Hexagon Capital Partners LLC now owns 2,311 shares of the financial services provider’s stock valued at $39,000 after buying an additional 1,513 shares during the period. 79.69% of the stock is currently owned by institutional investors.

KeyCorp Stock Performance

Shares of KEY stock opened at $17.25 on Friday. The stock has a market capitalization of $16.27 billion, a PE ratio of 1,725.00, a PEG ratio of 0.94 and a beta of 1.25. The business’s 50 day simple moving average is $16.80 and its 200 day simple moving average is $15.49. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.88 and a quick ratio of 0.88. KeyCorp has a one year low of $9.95 and a one year high of $17.94.

Insider Transactions at KeyCorp

In other news, Director Carlton L. Highsmith sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $16.21, for a total value of $162,100.00. Following the transaction, the director now owns 46,864 shares in the company, valued at approximately $759,665.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on KEY. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $18.00 price target on shares of KeyCorp in a research note on Tuesday, September 10th. Barclays upped their target price on KeyCorp from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. The Goldman Sachs Group set a $19.00 target price on KeyCorp in a research note on Thursday, October 17th. Robert W. Baird cut KeyCorp from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $18.00 to $17.00 in a research note on Monday, October 14th. Finally, DA Davidson upped their target price on KeyCorp from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.79.

KeyCorp 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.