Louisiana State Employees Retirement System Sells 1,000 Shares of KeyCorp (NYSE:KEY)

Louisiana State Employees Retirement System reduced its holdings in shares of KeyCorp (NYSE:KEY) by 1.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,300 shares of the financial services provider’s stock after selling 1,000 shares during the quarter. Louisiana State Employees Retirement System’s holdings in KeyCorp were worth $876,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Pathway Financial Advisers LLC acquired a new stake in KeyCorp in the 1st quarter valued at $25,000. Wolff Wiese Magana LLC increased its position 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 acquiring an additional 1,142 shares during the last quarter. Crewe Advisors LLC bought a new stake in KeyCorp during the first quarter worth about $32,000. Fidelis Capital Partners LLC acquired a new position in KeyCorp during the first quarter valued at approximately $39,000. Finally, Hexagon Capital Partners LLC grew its stake in 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 purchasing an additional 1,513 shares in the last quarter. 79.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $18.00 price objective on shares of KeyCorp in a report on Tuesday, September 10th. Citigroup set a $19.00 price objective on shares of KeyCorp in a research report on Thursday, October 17th. Baird R W cut shares of KeyCorp from a “strong-buy” rating to a “hold” rating in a report on Monday, October 14th. Jefferies Financial Group lifted their price target on KeyCorp from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, August 19th. Finally, UBS Group upped their price objective on KeyCorp from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.79.

KeyCorp Trading Down 0.3 %

Shares of NYSE:KEY opened at $17.19 on Monday. The company has a market capitalization of $16.21 billion, a P/E ratio of 1,719.00, a P/E/G ratio of 0.95 and a beta of 1.24. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.88 and a quick ratio of 0.88. The business’s 50 day simple moving average is $16.80 and its 200 day simple moving average is $15.52. KeyCorp has a 1 year low of $10.25 and a 1 year high of $17.94.

Insider Transactions at KeyCorp

In related 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 value of $162,100.00. Following the completion of the transaction, the director now owns 46,864 shares of the company’s stock, valued at $759,665.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.61% of the stock is currently owned by 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.