Assenagon Asset Management S.A. increased its position in KeyCorp (NYSE:KEY – Free Report) by 280.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,976,965 shares of the financial services provider’s stock after purchasing an additional 3,668,168 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.53% of KeyCorp worth $83,364,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in KEY. Ceredex Value Advisors LLC raised its stake in KeyCorp by 112.4% during the second quarter. Ceredex Value Advisors LLC now owns 6,647,393 shares of the financial services provider’s stock valued at $94,459,000 after buying an additional 3,517,755 shares during the last quarter. Westfield Capital Management Co. LP bought a new position in KeyCorp in the 1st quarter worth about $42,857,000. National Bank of Canada FI grew its position in KeyCorp by 1,051.3% during the 1st quarter. National Bank of Canada FI now owns 2,569,771 shares of the financial services provider’s stock valued at $38,752,000 after purchasing an additional 2,346,565 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in KeyCorp during the 2nd quarter valued at about $33,273,000. Finally, Earnest Partners LLC raised its holdings in KeyCorp by 23.2% in the second quarter. Earnest Partners LLC now owns 12,430,048 shares of the financial services provider’s stock worth $176,631,000 after buying an additional 2,339,454 shares during the last quarter. 79.69% of the stock is currently owned by institutional investors.
KeyCorp Price Performance
Shares of KeyCorp stock traded up $0.09 on Thursday, reaching $17.17. The company’s stock had a trading volume of 4,449,695 shares, compared to its average volume of 14,216,993. KeyCorp has a 52-week low of $9.50 and a 52-week high of $17.94. The company has a market capitalization of $16.19 billion, a P/E ratio of 1,712.00, a PEG ratio of 0.94 and a beta of 1.25. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.09. The stock has a 50-day moving average price of $16.70 and a 200-day moving average price of $15.39.
Analyst Upgrades and Downgrades
Insider Buying and Selling
In other KeyCorp news, Director Carlton L. Highsmith sold 10,000 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $16.21, for a total value of $162,100.00. Following the completion of the sale, the director now directly owns 46,864 shares in the company, valued at $759,665.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is owned by company insiders.
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.
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