HPM Partners LLC raised its holdings in shares of KeyCorp (NYSE:KEY) by 33.1% during the 4th quarter, Holdings Channel reports. The firm owned 28,584 shares of the financial services provider’s stock after acquiring an additional 7,110 shares during the quarter. HPM Partners LLC’s holdings in KeyCorp were worth $577,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Boston Partners lifted its holdings in shares of KeyCorp by 37.6% during the 4th quarter. Boston Partners now owns 26,045,044 shares of the financial services provider’s stock valued at $525,329,000 after buying an additional 7,123,113 shares during the period. Eaton Vance Management lifted its holdings in shares of KeyCorp by 77.6% during the 4th quarter. Eaton Vance Management now owns 11,100,824 shares of the financial services provider’s stock valued at $223,904,000 after buying an additional 4,850,008 shares during the period. APG Asset Management N.V. lifted its holdings in shares of KeyCorp by 45.9% during the 4th quarter. APG Asset Management N.V. now owns 7,944,416 shares of the financial services provider’s stock valued at $133,443,000 after buying an additional 2,497,702 shares during the period. Renaissance Technologies LLC bought a new position in shares of KeyCorp during the 4th quarter valued at $49,676,000. Finally, Bessemer Group Inc. lifted its holdings in shares of KeyCorp by 17.3% during the 4th quarter. Bessemer Group Inc. now owns 14,150,163 shares of the financial services provider’s stock valued at $285,409,000 after buying an additional 2,084,290 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.
KeyCorp (KEY) opened at $21.36 on Wednesday. KeyCorp has a twelve month low of $16.28 and a twelve month high of $22.40. The company has a market capitalization of $23,122.98, a price-to-earnings ratio of 15.91, a P/E/G ratio of 1.38 and a beta of 1.01. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 1.02.
KeyCorp (NYSE:KEY) last announced its earnings results on Thursday, January 18th. The financial services provider reported $0.36 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.36. KeyCorp had a return on equity of 10.66% and a net margin of 18.06%. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the firm earned $0.31 EPS. analysts anticipate that KeyCorp will post 1.67 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be issued a $0.105 dividend. The ex-dividend date is Monday, February 26th. This represents a $0.42 dividend on an annualized basis and a yield of 1.97%. KeyCorp’s dividend payout ratio is currently 37.50%.
Several equities analysts have recently weighed in on KEY shares. Morgan Stanley reissued an “overweight” rating and set a $23.00 price target on shares of KeyCorp in a report on Thursday, December 14th. ValuEngine raised KeyCorp from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research cut KeyCorp from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Deutsche Bank raised KeyCorp from a “hold” rating to a “buy” rating and increased their price target for the company from $23.00 to $24.00 in a report on Thursday, January 25th. Finally, Oppenheimer reissued a “hold” rating on shares of KeyCorp in a report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seventeen have given a buy rating to the company. KeyCorp has a consensus rating of “Buy” and an average price target of $22.07.
In other KeyCorp news, insider Christopher M. Gorman sold 56,038 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $20.97, for a total transaction of $1,175,116.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Craig A. Buffie sold 11,819 shares of the firm’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $21.21, for a total value of $250,680.99. Following the sale, the insider now directly owns 51,791 shares in the company, valued at $1,098,487.11. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 92,857 shares of company stock worth $1,953,548. 0.65% of the stock is owned by insiders.
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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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