60 Institutional Investors Seem Overcautious About KeyCorp (KEY)

KeyCorp (NYSE:KEY) enjoyed a 31.02% run-up in share price since hitting record low of $16.28. The stock managed 1.14% rise and now stands at $21.33 as of 08/02/2018. At recent session, the prices were hovering between $20.89 and $21.385. This company shares are 11.02% off its target price of $23.68 and the current market capitalization stands at $22.53B. The recent change has given its price a 5.32% lead over SMA 50 and -4.78% deficit over its 52-week high. The stock witnessed 8.38% gains, 10.12% gains and -2.74% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found KEY’s volatility during a week at 1.81% and during a month it has been found around 1.86%.

KeyCorp (KEY) Top Holders

Institutional investors currently hold around $18.05 billion or 81.9% in KEY stock. Look at its top three institutional owners. Vanguard Group Inc owns $2.36 billion in KeyCorp, which represents roughly 10.5% of the company’s market cap and approximately 13.1% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 77,928,736 shares of the stock are valued at $1.64 billion. The third largest holder is State Street Corp, which currently holds $1.14 billion worth of this stock and that ownership represents nearly 5.04% of its market capitalization.

KeyCorp 13F Filings

At the end of March reporting period, 332 institutional holders increased their position in KeyCorp (NYSE:KEY) by some 62,709,441 shares, 334 decreased positions by 76,015,625 and 128 held positions by 717,189,539. That puts total institutional holdings at 855,914,605 shares, according to SEC filings. The stock grabbed 89 new institutional investments totaling 10,610,060 shares while 60 institutional investors sold out their entire positions totaling 11,855,894 shares.

KeyCorp (NYSE:KEY) Insider Trades

Multiple company employees have indulged in significant insider trading. KeyCorp disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Pres. of Banking & Vice Chair Gorman Christopher M. has sold 288,546 shares of KeyCorp (KEY) in trading session dated Jul. 25, 2018. These shares are worth $6,001,757 and were traded at $20.8 each. The SEC filing shows that Dallas H James performed a purchase of 9,610 shares. The Director added these shares by way of transaction on Jul. 23, 2018. The company’s shares were assimilated at $20.81 per share worth to an investment of some $199,984 on account of Dallas H James.

Director, Corporate Center, Evans Trina M, sold 27,674 common shares of KeyCorp (KEY) in the open market. In a transaction dated Jul. 23, 2018, the shares were put up for sale at an average price of $20.67, raking in a sum of $572,022. After this sale, 71,212 common shares of KEY are directly owned by the insider, with total stake valued at $1,518,952.

In the transaction dated May. 15, 2018, the great number of shares disposed came courtesy the Chief Information Officer; Brady Amy G. disposed a total of 24,607 shares at an average price of $20.5, amounting to approximately $504,444. The insider now directly owns 88,111 shares worth $1,879,408.

KeyCorp (KEY) Analyst Guide

Several analysts have released their opinion on KeyCorp (NYSE:KEY), with 13 analysts believing it is a strong buy. Whereas 4 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 1 strong sell ratings, collectively assigning a 1.66 average brokerage recommendation.