AustralianSuper Pty Ltd Has $7 Million Holdings in KeyCorp (NYSE:KEY)

AustralianSuper Pty Ltd lowered its position in shares of KeyCorp (NYSE:KEY) by 16.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 417,774 shares of the financial services provider’s stock after selling 81,576 shares during the quarter. AustralianSuper Pty Ltd’s holdings in KeyCorp were worth $6,998,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC grew its holdings in shares of KeyCorp by 1.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 63,987 shares of the financial services provider’s stock valued at $1,012,000 after acquiring an additional 1,093 shares in the last quarter. First Trust Direct Indexing L.P. increased its position in shares of 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 worth $761,000 after purchasing an additional 4,705 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of KeyCorp by 29.0% during the 1st quarter. Private Advisor Group LLC now owns 128,622 shares of the financial services provider’s stock worth $2,034,000 after purchasing an additional 28,907 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of KeyCorp by 42.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 470,315 shares of the financial services provider’s stock valued at $7,115,000 after buying an additional 140,660 shares during the last quarter. Finally, StoneX Group Inc. grew its stake in shares of 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 in the last quarter. 79.69% of the stock is owned by institutional investors.

KeyCorp Trading Down 1.4 %

NYSE KEY opened at $17.25 on Friday. The firm has a market capitalization of $16.27 billion, a PE ratio of 1,725.00, a price-to-earnings-growth ratio of 0.96 and a beta of 1.25. The business’s 50-day moving average price is $16.80 and its two-hundred day moving average price is $15.49. 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 12 month low of $9.95 and a 12 month high of $17.94.

Insider Activity at KeyCorp

In other news, Director Carlton L. Highsmith sold 10,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $16.21, for a total value of $162,100.00. Following the sale, the director now directly owns 46,864 shares of the company’s stock, valued at approximately $759,665.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.61% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $18.00 price target on shares of KeyCorp in a research note on Tuesday, September 10th. Jefferies Financial Group increased their price objective on shares of KeyCorp from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, August 19th. Baird R W cut shares of KeyCorp from a “strong-buy” rating to a “hold” rating in a report on Monday, October 14th. Barclays boosted their price objective on KeyCorp from $16.00 to $19.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Finally, The Goldman Sachs Group set a $19.00 target price on shares of KeyCorp in a research report on Thursday, October 17th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $17.79.

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.