Vontobel Holding Ltd. Acquires 679 Shares of KeyCorp (NYSE:KEY)

Vontobel Holding Ltd. raised its stake in KeyCorp (NYSE:KEY) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,728 shares of the financial services provider’s stock after acquiring an additional 679 shares during the quarter. Vontobel Holding Ltd.’s holdings in KeyCorp were worth $565,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Ontario Teachers Pension Plan Board lifted its stake in KeyCorp by 8.8% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 21,690,319 shares of the financial services provider’s stock valued at $342,924,000 after purchasing an additional 1,748,633 shares during the last quarter. Diamond Hill Capital Management Inc. increased its holdings in shares of KeyCorp by 12.2% during the second quarter. Diamond Hill Capital Management Inc. now owns 20,295,788 shares of the financial services provider’s stock worth $288,403,000 after buying an additional 2,213,872 shares in the last quarter. Earnest Partners LLC lifted its stake in shares of KeyCorp by 23.2% in the 2nd quarter. Earnest Partners LLC now owns 12,430,048 shares of the financial services provider’s stock valued at $176,631,000 after acquiring an additional 2,339,454 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of KeyCorp by 2.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 10,508,853 shares of the financial services provider’s stock valued at $149,299,000 after acquiring an additional 300,339 shares in the last quarter. Finally, Ceredex Value Advisors LLC grew its position in KeyCorp by 112.4% during the 2nd quarter. Ceredex Value Advisors LLC now owns 6,647,393 shares of the financial services provider’s stock worth $94,459,000 after acquiring an additional 3,517,755 shares during the last quarter. 79.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at KeyCorp

In other news, Director Carlton L. Highsmith sold 10,000 shares of the 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 transaction, the director now owns 46,864 shares of the company’s stock, valued at $759,665.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.61% of the company’s stock.

KeyCorp Stock Down 1.4 %

KeyCorp stock opened at $17.10 on Tuesday. The company has a market capitalization of $16.12 billion, a PE ratio of 21.65, a PEG ratio of 0.97 and a beta of 1.25. KeyCorp has a 12-month low of $9.50 and a 12-month high of $17.94. The firm’s fifty day moving average is $16.64 and its 200 day moving average is $15.37. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.09.

Analyst Upgrades and Downgrades

KEY has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $18.00 price target on shares of KeyCorp in a research note on Tuesday, September 10th. Royal Bank of Canada lifted their target price on shares of KeyCorp from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday. Morgan Stanley upped their price target on shares of KeyCorp from $18.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 14th. Barclays lifted their price target on shares of KeyCorp from $16.00 to $19.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of KeyCorp from $17.50 to $16.50 and set a “neutral” rating on the stock in a research note on Thursday, June 27th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, KeyCorp currently has an average rating of “Moderate Buy” and an average target price of $17.62.

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.