Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of KeyCorp (NYSE:KEY) by 3.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 273,643 shares of the financial services provider’s stock after acquiring an additional 9,772 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in KeyCorp were worth $5,150,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Cypress Capital Management LLC WY raised its stake in shares of KeyCorp by 177.9% during the second quarter. Cypress Capital Management LLC WY now owns 7,030 shares of the financial services provider’s stock valued at $132,000 after acquiring an additional 4,500 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of KeyCorp during the third quarter valued at approximately $145,000. Sun Life Financial INC raised its stake in shares of KeyCorp by 80,370.0% during the second quarter. Sun Life Financial INC now owns 8,047 shares of the financial services provider’s stock valued at $151,000 after acquiring an additional 8,037 shares in the last quarter. AllSquare Wealth Management LLC bought a new stake in shares of KeyCorp during the third quarter valued at approximately $173,000. Finally, Quantbot Technologies LP bought a new stake in shares of KeyCorp during the second quarter valued at approximately $174,000. 82.97% of the stock is owned by hedge funds and other institutional investors.
KeyCorp (KEY) traded down $0.01 during midday trading on Friday, reaching $18.13. 7,449,200 shares of the company were exchanged, compared to its average volume of 10,924,799. The firm has a market capitalization of $19,507.75, a P/E ratio of 13.74, a PEG ratio of 1.65 and a beta of 1.10. KeyCorp has a 52 week low of $16.28 and a 52 week high of $19.53. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 1.06.
KeyCorp (NYSE:KEY) last posted its earnings results on Thursday, October 19th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. KeyCorp had a net margin of 18.69% and a return on equity of 10.35%. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 earnings per share. equities analysts predict that KeyCorp will post 1.38 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, November 28th will be given a dividend of $0.105 per share. The ex-dividend date is Monday, November 27th. This is an increase from KeyCorp’s previous quarterly dividend of $0.10. This represents a $0.42 dividend on an annualized basis and a yield of 2.32%. KeyCorp’s payout ratio is currently 33.33%.
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Several brokerages recently issued reports on KEY. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of KeyCorp in a report on Saturday, July 22nd. Sanford C. Bernstein raised shares of KeyCorp from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $21.00 to $22.00 in a report on Thursday, September 14th. Zacks Investment Research lowered shares of KeyCorp from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Royal Bank Of Canada reissued a “buy” rating and set a $21.00 price objective on shares of KeyCorp in a report on Friday, July 28th. Finally, Robert W. Baird reissued a “hold” rating and set a $18.00 price objective on shares of KeyCorp in a report on Friday, October 6th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the stock. KeyCorp currently has an average rating of “Hold” and an average target price of $20.82.
In related news, insider Andrew J. Paine III sold 46,854 shares of the business’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $18.56, for a total transaction of $869,610.24. Following the completion of the transaction, the insider now directly owns 110,052 shares in the company, valued at $2,042,565.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carlton L. Highsmith sold 7,600 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $18.39, for a total transaction of $139,764.00. Following the transaction, the director now owns 68,725 shares of the company’s stock, valued at $1,263,852.75. The disclosure for this sale can be found here. Insiders have sold 57,212 shares of company stock valued at $1,060,508 over the last 90 days. 0.65% of the stock is currently owned by insiders.
KeyCorp Company Profile
KeyCorp is a bank holding company. The Company is a bank-based financial services company. The Company operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, it provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, and investment banking products and services to individual, corporate and institutional clients.
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