NorthRock Partners LLC Sells 1,244 Shares of KeyCorp (NYSE:KEY)

NorthRock Partners LLC lowered its position in KeyCorp (NYSE:KEY) by 6.4% in the third quarter, HoldingsChannel.com reports. The fund owned 18,173 shares of the financial services provider’s stock after selling 1,244 shares during the quarter. NorthRock Partners LLC’s holdings in KeyCorp were worth $304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of KEY. Freestone Capital Holdings LLC bought a new position in KeyCorp during the first quarter worth about $561,000. Assenagon Asset Management S.A. raised its stake in KeyCorp by 87.5% in the 2nd 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. Mirae Asset Global Investments Co. Ltd. lifted its holdings in KeyCorp by 14.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 657,913 shares of the financial services provider’s stock valued at $10,928,000 after purchasing an additional 85,052 shares during the last quarter. MBB Public Markets I LLC bought a new position in KeyCorp during the second quarter worth $981,000. Finally, Cetera Investment Advisers increased its holdings in shares of KeyCorp by 274.4% in the first quarter. Cetera Investment Advisers now owns 332,140 shares of the financial services provider’s stock valued at $5,251,000 after purchasing an additional 243,437 shares during the last quarter. 79.69% of the stock is currently owned by institutional investors and hedge funds.

KeyCorp Stock Performance

NYSE KEY opened at $19.97 on Thursday. The firm’s 50 day simple moving average is $16.88 and its 200 day simple moving average is $15.59. The firm has a market capitalization of $18.84 billion, a price-to-earnings ratio of 1,997.00, a P/E/G ratio of 0.94 and a beta of 1.24. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.09. KeyCorp has a 1 year low of $10.73 and a 1 year high of $20.00.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. UBS Group raised their target price on shares of KeyCorp from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Robert W. Baird cut KeyCorp from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $18.00 to $17.00 in a report on Monday, October 14th. Wedbush upped their target price on KeyCorp from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Royal Bank of Canada lifted their price target on KeyCorp from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Finally, The Goldman Sachs Group set a $19.00 price objective on KeyCorp in a report on Thursday, October 17th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.79.

Insider Buying and Selling at KeyCorp

In other 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 transaction of $162,100.00. Following the completion of the transaction, the director now owns 46,864 shares of the company’s stock, valued at approximately $759,665.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.61% of the company’s stock.

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.