First Trust Direct Indexing L.P. Increases Position in KeyCorp (NYSE:KEY)

First Trust Direct Indexing L.P. increased its position in KeyCorp (NYSE:KEY) by 7.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,872 shares of the financial services provider’s stock after acquiring an additional 3,723 shares during the period. First Trust Direct Indexing L.P.’s holdings in KeyCorp were worth $902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KEY. Wolff Wiese Magana LLC raised its stake 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 worth $26,000 after purchasing an additional 1,142 shares during the last quarter. Pathway Financial Advisers LLC purchased a new position in KeyCorp during the 1st quarter worth approximately $25,000. Crewe Advisors LLC acquired a new stake in KeyCorp during the 1st quarter valued at approximately $32,000. Hexagon Capital Partners LLC boosted its holdings in shares of KeyCorp by 189.6% in the 3rd 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, Fidelis Capital Partners LLC acquired a new stake in shares of KeyCorp in the first quarter worth $39,000. Institutional investors and hedge funds own 79.69% of the company’s stock.

Insider Buying and Selling

In other KeyCorp news, Director Carlton L. Highsmith sold 10,000 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $16.21, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on KEY shares. Evercore ISI boosted their target price on shares of KeyCorp from $18.50 to $20.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Barclays boosted their price objective on KeyCorp from $16.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. DA Davidson lifted their price target on KeyCorp from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Wedbush boosted their price target on KeyCorp from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Finally, The Goldman Sachs Group set a $19.00 price objective on shares of KeyCorp in a research note on Thursday, October 17th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, KeyCorp has an average rating of “Moderate Buy” and a consensus price target of $17.79.

KeyCorp Stock Down 0.3 %

Shares of NYSE KEY opened at $17.19 on Friday. The firm has a market cap of $16.21 billion, a price-to-earnings ratio of 1,719.00, a price-to-earnings-growth ratio of 0.96 and a beta of 1.25. The company’s 50-day simple moving average is $16.80 and its 200-day simple moving average is $15.51. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.09. KeyCorp has a 52-week low of $10.25 and a 52-week high of $17.94.

KeyCorp Company 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.