Farther Finance Advisors LLC Acquires 11,027 Shares of KeyCorp (NYSE:KEY)

Farther Finance Advisors LLC lifted its stake in KeyCorp (NYSE:KEY) by 109.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,101 shares of the financial services provider’s stock after purchasing an additional 11,027 shares during the period. Farther Finance Advisors LLC’s holdings in KeyCorp were worth $353,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in KEY. Assenagon Asset Management S.A. increased its stake in KeyCorp by 280.3% in the third quarter. Assenagon Asset Management S.A. now owns 4,976,965 shares of the financial services provider’s stock valued at $83,364,000 after purchasing an additional 3,668,168 shares in the last quarter. Ceredex Value Advisors LLC increased its position in shares of KeyCorp by 112.4% in the 2nd quarter. Ceredex Value Advisors LLC now owns 6,647,393 shares of the financial services provider’s stock valued at $94,459,000 after buying an additional 3,517,755 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of KeyCorp in the 1st quarter valued at $42,857,000. National Bank of Canada FI raised its stake in KeyCorp by 1,051.3% during the 1st quarter. National Bank of Canada FI now owns 2,569,771 shares of the financial services provider’s stock worth $38,752,000 after buying an additional 2,346,565 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in KeyCorp during the second quarter worth about $33,273,000. 79.69% of the stock is owned by institutional investors and hedge funds.

KeyCorp Stock Performance

KEY opened at $19.14 on Friday. The business’s 50-day simple moving average is $16.88 and its 200 day simple moving average is $15.59. KeyCorp has a 52-week low of $10.73 and a 52-week high of $20.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market capitalization of $18.05 billion, a PE ratio of 1,907.00, a PEG ratio of 0.94 and a beta of 1.24.

Insiders Place Their Bets

In related news, Director Carlton L. Highsmith sold 9,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $17.14, for a total value of $154,260.00. Following the completion of the transaction, the director now directly owns 37,864 shares of the company’s stock, valued at approximately $648,988.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other KeyCorp news, Director Carlton L. Highsmith sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $16.21, for a total value of $162,100.00. Following the sale, the director now owns 46,864 shares in the company, valued at $759,665.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Carlton L. Highsmith sold 9,000 shares of KeyCorp stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $17.14, for a total value of $154,260.00. Following the transaction, the director now owns 37,864 shares of the company’s stock, valued at $648,988.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on KEY shares. Robert W. Baird downgraded KeyCorp from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $18.00 to $17.00 in a report on Monday, October 14th. Wedbush increased their target price on KeyCorp from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. Barclays raised their target price on shares of KeyCorp from $16.00 to $19.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. DA Davidson upped their price target on shares of KeyCorp from $19.00 to $20.00 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $18.00 price objective on shares of KeyCorp in a report on Tuesday, September 10th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $17.79.

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.