Sun Sep 15 11:46:50 UTC 2024: ## Institutional Investors Show Interest in KeyCorp (KEY) as Stock Trading Remains Active
**New York, NY** – KeyCorp (NYSE: KEY), a leading financial services provider, has seen increased interest from institutional investors in the second quarter of 2024. Daiwa Securities Group Inc., a major Japanese investment firm, boosted its stake in KeyCorp by 10.5%, acquiring an additional 9,689 shares. Other notable investors, including Beam Wealth Advisors Inc., Andra AP fonden, Royal London Asset Management Ltd., and Choreo LLC, also purchased shares of KeyCorp during the quarter.
The company’s stock has been attracting attention from analysts as well. Morgan Stanley raised its price target to $20.00, while Jefferies Financial Group boosted its target to $19.00. However, some analysts have expressed caution, with UBS Group downgrading KeyCorp from “buy” to “neutral” and lowering its price target. Overall, KeyCorp currently holds a “Moderate Buy” rating from MarketBeat, with an average target price of $16.65.
KeyCorp’s stock opened at $16.09 on Friday, with a 50-day moving average price of $15.84 and a 200-day moving average price of $15.02. The company reported $0.25 EPS for the second quarter, exceeding analysts’ expectations of $0.24.
In other news, Director Carlton L. Highsmith sold 10,000 shares of KeyCorp stock at an average price of $16.21, raising questions about his outlook on the company’s future performance.
KeyCorp operates through two segments: Consumer Bank and Commercial Bank, offering a comprehensive range of financial products and services to individuals and businesses across the United States. The company’s strong performance and investor interest suggest a continued positive outlook for KeyCorp in the coming months.
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