Creative Planning Purchases 3,964 Shares of KeyCorp (NYSE:KEY)

Creative Planning raised its stake in KeyCorp (NYSE:KEY) by 2.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 142,257 shares of the financial services provider’s stock after purchasing an additional 3,964 shares during the quarter. Creative Planning’s holdings in KeyCorp were worth $2,383,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pathway Financial Advisers LLC purchased a new stake in shares of KeyCorp in the first quarter worth approximately $25,000. Crewe Advisors LLC purchased a new stake in shares of KeyCorp in the first quarter worth approximately $32,000. Fidelis Capital Partners LLC purchased a new stake in shares of KeyCorp in the first quarter worth approximately $39,000. Hexagon Capital Partners LLC increased its position in shares of KeyCorp by 189.6% during the third quarter. Hexagon Capital Partners LLC now owns 2,311 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 1,513 shares during the last quarter. Finally, Centerpoint Advisors LLC increased its position in shares of KeyCorp by 127.7% during the first quarter. Centerpoint Advisors LLC now owns 3,757 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 2,107 shares during the last quarter. 79.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KEY has been the subject of a number of research analyst reports. Evercore ISI increased their price target on KeyCorp from $18.50 to $20.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Citigroup set a $19.00 price target on KeyCorp in a research report on Thursday, October 17th. Robert W. Baird downgraded KeyCorp from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $18.00 to $17.00 in a research report on Monday, October 14th. Royal Bank of Canada increased their price target on KeyCorp from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Finally, Morgan Stanley increased their price objective on KeyCorp from $18.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, August 14th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.79.

KeyCorp Trading Down 1.1 %

NYSE KEY opened at $17.04 on Monday. The stock’s 50-day simple moving average is $16.73 and its two-hundred day simple moving average is $15.42. KeyCorp has a twelve month low of $9.77 and a twelve month high of $17.94. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $16.07 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 0.94 and a beta of 1.25.

Insider Buying and Selling at KeyCorp

In other KeyCorp news, Director Carlton L. Highsmith sold 10,000 shares of the firm’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 sale, the director now owns 46,864 shares in the company, valued at $759,665.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.61% of the company’s stock.

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.