Aperio Group LLC increased its stake in KeyCorp (NYSE:KEY) by 6.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 780,200 shares of the financial services provider’s stock after purchasing an additional 45,017 shares during the period. Aperio Group LLC owned approximately 0.07% of KeyCorp worth $15,737,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Moors & Cabot Inc. boosted its stake in shares of KeyCorp by 3.8% during the second quarter. Moors & Cabot Inc. now owns 33,646 shares of the financial services provider’s stock valued at $630,000 after purchasing an additional 1,230 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of KeyCorp by 22.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 105,637 shares of the financial services provider’s stock worth $1,980,000 after acquiring an additional 19,574 shares during the period. Bank of Nova Scotia lifted its stake in shares of KeyCorp by 0.6% in the second quarter. Bank of Nova Scotia now owns 247,204 shares of the financial services provider’s stock worth $4,633,000 after acquiring an additional 1,539 shares during the period. Castleark Management LLC acquired a new position in shares of KeyCorp in the second quarter worth approximately $481,000. Finally, Ameritas Investment Partners Inc. lifted its stake in shares of KeyCorp by 0.9% in the second quarter. Ameritas Investment Partners Inc. now owns 24,886 shares of the financial services provider’s stock worth $466,000 after acquiring an additional 216 shares during the period. Institutional investors own 82.19% of the company’s stock.
Several equities analysts have issued reports on the company. Zacks Investment Research lowered KeyCorp from a “buy” rating to a “hold” rating in a research note on Tuesday. Oppenheimer reissued a “hold” rating on shares of KeyCorp in a research note on Monday, January 22nd. Sandler O’Neill restated a “hold” rating and set a $21.50 price objective on shares of KeyCorp in a report on Friday, January 19th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $21.00 price target on shares of KeyCorp in a report on Thursday, October 19th. Finally, Deutsche Bank upgraded KeyCorp from a “hold” rating to a “buy” rating and upped their price target for the stock from $23.00 to $24.00 in a report on Thursday, January 25th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eighteen have assigned a buy rating to the company’s stock. KeyCorp currently has a consensus rating of “Buy” and an average price target of $22.07.
KeyCorp (NYSE:KEY) opened at $20.75 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $22,012.44, a PE ratio of 18.35, a PEG ratio of 1.54 and a beta of 1.04. KeyCorp has a 1 year low of $16.28 and a 1 year high of $22.22.
KeyCorp (NYSE:KEY) last posted its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. KeyCorp had a return on equity of 10.66% and a net margin of 18.06%. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period last year, the company earned $0.31 EPS. sell-side analysts anticipate that KeyCorp will post 1.67 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th will be issued a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Monday, February 26th. KeyCorp’s dividend payout ratio (DPR) is currently 37.50%.
In other news, Director Elizabeth R. Gile bought 1,374 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was bought at an average price of $18.23 per share, for a total transaction of $25,048.02. Following the purchase, the director now directly owns 24,989 shares in the company, valued at approximately $455,549.47. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Craig A. Buffie sold 11,819 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $21.21, for a total value of $250,680.99. Following the completion of the transaction, the insider now owns 51,791 shares of the company’s stock, valued at approximately $1,098,487.11. The disclosure for this sale can be found here. Company insiders own 0.65% of the company’s stock.
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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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