Crossmark Global Holdings Inc. Increases Stake in KeyCorp (KEY)

Crossmark Global Holdings Inc. lifted its stake in shares of KeyCorp (NYSE:KEY) by 7.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 98,608 shares of the financial services provider’s stock after purchasing an additional 6,797 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in KeyCorp were worth $1,989,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the company. Maltese Capital Management LLC raised its position in shares of KeyCorp by 6.6% during the 4th quarter. Maltese Capital Management LLC now owns 1,520,097 shares of the financial services provider’s stock worth $30,660,000 after purchasing an additional 93,897 shares during the period. AT Bancorp increased its position in KeyCorp by 20.8% in the 4th quarter. AT Bancorp now owns 97,640 shares of the financial services provider’s stock valued at $1,969,000 after acquiring an additional 16,807 shares during the period. Columbus Macro LLC acquired a new stake in KeyCorp in the 4th quarter valued at approximately $941,000. Harvey Capital Management Inc. acquired a new stake in KeyCorp in the 4th quarter valued at approximately $2,707,000. Finally, Public Employees Retirement Association of Colorado increased its position in KeyCorp by 3.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 206,434 shares of the financial services provider’s stock valued at $4,164,000 after acquiring an additional 6,179 shares during the period. Institutional investors and hedge funds own 82.19% of the company’s stock.

Several analysts recently commented on KEY shares. Zacks Investment Research upgraded KeyCorp from a “sell” rating to a “hold” rating in a research report on Monday, October 23rd. DA Davidson raised their target price on KeyCorp to $26.00 and gave the company a “buy” rating in a research report on Friday, January 19th. Morgan Stanley restated an “overweight” rating and issued a $23.00 target price on shares of KeyCorp in a research report on Thursday, December 14th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $21.50 target price on shares of KeyCorp in a research report on Thursday, December 14th. Finally, ValuEngine upgraded KeyCorp from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eighteen have given a buy rating to the company’s stock. KeyCorp has an average rating of “Buy” and an average target price of $22.07.

KeyCorp (KEY) opened at $20.59 on Tuesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.88 and a current ratio of 0.89. The stock has a market capitalization of $21,798.62, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 1.52 and a beta of 1.04. KeyCorp has a one year low of $16.28 and a one year high of $22.22.

KeyCorp (NYSE:KEY) last issued its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.58 billion. KeyCorp had a return on equity of 10.66% and a net margin of 18.06%. During the same period last year, the company posted $0.31 EPS. equities research analysts predict that KeyCorp will post 1.67 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th will be paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Monday, February 26th. KeyCorp’s payout ratio is currently 37.50%.

In other news, insider Craig A. Buffie sold 11,819 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $21.21, for a total transaction of $250,680.99. Following the completion of the sale, the insider now directly owns 51,791 shares of the company’s stock, valued at approximately $1,098,487.11. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Elizabeth R. Gile acquired 1,374 shares of KeyCorp stock in a transaction dated Wednesday, November 22nd. The shares were bought at an average cost of $18.23 per share, with a total value of $25,048.02. Following the completion of the purchase, the director now owns 24,989 shares in the company, valued at $455,549.47. The disclosure for this purchase can be found here. Company insiders own 0.65% of the company’s stock.

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KeyCorp 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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Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

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