Vanguard Group Inc built an about 10.8% stake in KeyCorp (KEY)

KeyCorp (NYSE:KEY) is now up 11.83% compared to a 12-month low of $16.48. We have seen the price to move 0.22% higher and get settled at $18.43 on 11/02/2018. At recent session, it appeared stuck in a range of $18.275 to $18.78. This company shares are 21.98% off its target price of $22.48 and the current market capitalization stands at $19.35B. The recent change has given its price a -6.6% deficit over SMA 50 and -17.72% deficit over its 52-week high. The stock witnessed -9.83% declines, -13.47% declines and -6.59% 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 2.57% and during a month it has been found around 3.16%.

KeyCorp (KEY) Top Holders

Institutional investors currently hold around $15.72 billion or 81.9% in KEY stock. Look at its top three institutional owners. Vanguard Group Inc owns $2.09 billion in KeyCorp, which represents roughly 10.8% of the company’s market cap and approximately 13.29% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 76,527,458 shares of the stock are valued at $1.41 billion. The third largest holder is State Street Corp, which currently holds $960.77 million worth of this stock and that ownership represents nearly 4.97% of its market capitalization.

KeyCorp 13F Filings

At the end of June reporting period, 317 institutional holders increased their position in KeyCorp (NYSE:KEY) by some 76,026,664 shares, 342 decreased positions by 75,815,826 and 148 held positions by 701,351,348. That puts total institutional holdings at 853,193,838 shares, according to SEC filings. The stock grabbed 75 new institutional investments totaling 11,672,342 shares while 64 institutional investors sold out their entire positions totaling 6,307,974 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 Chief Accounting Officer Schosser Douglas M has sold 6,048 shares of KeyCorp (KEY) in trading session dated Aug. 16, 2018. These shares are worth $129,972 and were traded at $21.49 each. The SEC filing shows that Burke Edward J. performed a sale of 46,360 shares. The Co-Pres., Key Community Bank disposed these shares by way of transaction on Aug. 10, 2018. The company’s shares were given away at $21.32 per share worth to an income of some $988,395 on account of Burke Edward J..

Pres. of Banking & Vice Chair, Gorman Christopher M., sold 288,546 common shares of KeyCorp (KEY) in the open market. In a transaction dated Jul. 25, 2018, the shares were put up for sale at an average price of $20.8, raking in a sum of $6,001,757. After this sale, 302,342 common shares of KEY are directly owned by the insider, with total stake valued at $5,572,163.

In the transaction dated Jul. 23, 2018, the great number of shares acquired came courtesy the Director; Dallas H James added a total of 9,610 shares at an average price of $20.81, amounting to approximately $199,984. The insider now directly owns 98,791 shares worth $1,820,718.

KeyCorp (KEY) Analyst Guide

Several analysts have released their opinion on KeyCorp (NYSE:KEY), with 10 analysts believing it is a strong buy. Whereas 5 of them predict the stock is a hold. Also, there are 9 buy, 1 sell and 0 strong sell ratings, collectively assigning a 1.88 average brokerage recommendation.