KeyCorp (KEY) Attracting Credible Institutional Interest?

KeyCorp (NYSE:KEY) produced a 11.29% rally since recording the worst price of $16.48. Thanks to the latest 1.1% increase, it now trades at $18.34. Throughout the trading on 11/30/2018, the share price floated between $18.072 and $18.375. This company shares are 20.88% off its target price of $22.17 and the current market capitalization stands at $19.01B. The recent change has given its price a -2.42% deficit over SMA 50 and -18.12% deficit over its 52-week high. The stock witnessed 0.99% gains, -12.96% declines and -7.84% 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 2.15% and during a month it has been found around 2.41%.

KeyCorp (KEY) Top Holders

Institutional investors currently hold around $15.29 billion or 82.1% in KEY stock. Look at its top three institutional owners. Vanguard Group Inc owns $2.11 billion in KeyCorp, which represents roughly 11.09% of the company’s market cap and approximately 13.79% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 69,004,996 shares of the stock are valued at $1.27 billion. The third largest holder is State Street Corp, which currently holds $983.93 million worth of this stock and that ownership represents nearly 5.18% of its market capitalization.

KeyCorp 13F Filings

At the end of September reporting period, 322 institutional holders increased their position in KeyCorp (NYSE:KEY) by some 66,551,766 shares, 353 decreased positions by 85,528,900 and 145 held positions by 681,376,221. That puts total institutional holdings at 833,456,887 shares, according to SEC filings. The stock grabbed 83 new institutional investments totaling 16,712,547 shares while 64 institutional investors sold out their entire positions totaling 10,018,286 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 Director Highsmith Carlton L has sold 6,963 shares of KeyCorp (KEY) in trading session dated Nov. 02, 2018. These shares are worth $127,910 and were traded at $18.37 each. The SEC filing shows that Kimble Donald R performed a purchase of 5,000 shares. The Chf. Finance Off. & Vice Chair added these shares by way of transaction on Nov. 02, 2018. The company’s shares were assimilated at $18.55 per share worth to an investment of some $92,750 on account of Kimble Donald R.

Chairman and CEO, Mooney Beth E, purchased 10,000 common shares of KeyCorp (KEY) in the open market. In a transaction dated Nov. 01, 2018, the shares were bought at an average price of $18.26, giving away a sum of $182,600. After this purchase, 1,042,354 common shares of KEY are directly owned by the insider, with total stake valued at $19,116,772.

In the transaction dated Aug. 16, 2018, the great number of shares disposed came courtesy the Chief Accounting Officer; Schosser Douglas M disposed a total of 6,048 shares at an average price of $21.49, amounting to approximately $129,972. The insider now directly owns 26,509 shares worth $486,175.

KeyCorp (KEY) Analyst Guide

Several analysts have released their opinion on KeyCorp (NYSE:KEY), with 10 analysts believing it is a strong buy. Whereas 6 of them predict the stock is a hold. Also, there are 8 buy, 1 sell and 0 strong sell ratings, collectively assigning a 1.92 average brokerage recommendation.