Haverford Trust Co Sells 40,017 Shares of KeyCorp (NYSE:KEY)

Haverford Trust Co cut its holdings in shares of KeyCorp (NYSE:KEY) by 78.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,209 shares of the financial services provider’s stock after selling 40,017 shares during the quarter. Haverford Trust Co’s holdings in KeyCorp were worth $188,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC purchased a new stake in shares of KeyCorp during the 1st quarter valued at approximately $25,000. Wolff Wiese Magana LLC lifted its position in shares of KeyCorp by 285.5% during the third quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 1,142 shares in the last quarter. American Capital Advisory LLC bought a new position in shares of KeyCorp in the third quarter worth $28,000. Crewe Advisors LLC purchased a new position in shares of KeyCorp in the first quarter valued at $32,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of KeyCorp during the 3rd quarter valued at $35,000. Institutional investors own 79.69% of the company’s stock.

Insider Transactions at KeyCorp

In related news, insider Angela G. Mago sold 15,011 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $19.59, for a total value of $294,065.49. Following the completion of the sale, the insider now owns 234,582 shares of the company’s stock, valued at $4,595,461.38. This trade represents a 6.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Carlton L. Highsmith sold 9,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $17.14, for a total transaction of $154,260.00. Following the transaction, the director now directly owns 37,864 shares in the company, valued at approximately $648,988.96. The trade was a 19.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KEY. The Goldman Sachs Group set a $19.00 target price on KeyCorp in a report on Thursday, October 17th. Jefferies Financial Group upped their target price on shares of KeyCorp from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, August 19th. Morgan Stanley raised their price target on shares of KeyCorp from $18.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, August 14th. UBS Group increased their price objective on KeyCorp from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Baird R W lowered KeyCorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 14th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, KeyCorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.79.

KeyCorp Trading Up 0.4 %

Shares of KEY opened at $19.13 on Friday. KeyCorp has a fifty-two week low of $11.64 and a fifty-two week high of $20.00. The firm has a market cap of $18.96 billion, a price-to-earnings ratio of 1,913.00, a PEG ratio of 1.05 and a beta of 1.24. The firm has a 50 day moving average price of $17.11 and a 200-day moving average price of $15.74. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.88 and a current ratio of 0.88.

KeyCorp (NYSE:KEY) last posted its quarterly earnings results on Thursday, October 17th. The financial services provider reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.03. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. KeyCorp had a net margin of 0.76% and a return on equity of 8.24%. As a group, equities research analysts forecast that KeyCorp will post 1.08 earnings per share for the current year.

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.