Allspring Global Investments Holdings LLC Has $830,000 Holdings in KeyCorp (NYSE:KEY)

Allspring Global Investments Holdings LLC trimmed its stake in KeyCorp (NYSE:KEY) by 11.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,523 shares of the financial services provider’s stock after selling 6,146 shares during the period. Allspring Global Investments Holdings LLC’s holdings in KeyCorp were worth $830,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. First Trust Direct Indexing L.P. increased its holdings in KeyCorp by 10.8% during the 1st quarter. First Trust Direct Indexing L.P. now owns 48,155 shares of the financial services provider’s stock valued at $761,000 after purchasing an additional 4,705 shares in the last quarter. Private Advisor Group LLC boosted its holdings in KeyCorp by 29.0% in the first quarter. Private Advisor Group LLC now owns 128,622 shares of the financial services provider’s stock valued at $2,034,000 after acquiring an additional 28,907 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in KeyCorp by 42.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 470,315 shares of the financial services provider’s stock worth $7,115,000 after purchasing an additional 140,660 shares during the last quarter. StoneX Group Inc. lifted its holdings in KeyCorp by 12.6% in the first quarter. StoneX Group Inc. now owns 84,471 shares of the financial services provider’s stock valued at $1,335,000 after buying an additional 9,485 shares during the period. Finally, Fidelis Capital Partners LLC bought a new position in KeyCorp in the first quarter valued at approximately $39,000. 79.69% of the stock is owned by institutional investors.

KeyCorp Stock Performance

Shares of KEY stock opened at $17.25 on Friday. KeyCorp has a 12 month low of $9.95 and a 12 month high of $17.94. The stock has a market capitalization of $16.27 billion, a P/E ratio of 1,725.00, a PEG ratio of 0.94 and a beta of 1.25. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.09. The firm’s 50 day moving average is $16.80 and its 200 day moving average is $15.49.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on KEY shares. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $18.00 price target on shares of KeyCorp in a research note on Tuesday, September 10th. Robert W. Baird lowered KeyCorp from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $18.00 to $17.00 in a research report on Monday, October 14th. UBS Group boosted their price objective on KeyCorp from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Morgan Stanley lifted their price target on shares of KeyCorp from $18.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 14th. Finally, Barclays increased their price objective on shares of KeyCorp from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.79.

Insider Buying and Selling

In other news, Director Carlton L. Highsmith sold 10,000 shares of the business’s stock in a transaction dated 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.67% of the stock is currently owned by company insiders.

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.