Brandywine Global Investment Management LLC increased its stake in shares of KeyCorp (NYSE:KEY) by 126,398.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 927,232 shares of the financial services provider’s stock after buying an additional 926,499 shares during the period. Brandywine Global Investment Management LLC owned 0.09% of KeyCorp worth $18,703,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the stock. Dynamic Capital Management Ltd bought a new stake in shares of KeyCorp during the 4th quarter worth about $284,000. Quantitative Investment Management LLC boosted its holdings in shares of KeyCorp by 30.7% during the 4th quarter. Quantitative Investment Management LLC now owns 375,600 shares of the financial services provider’s stock worth $7,575,000 after buying an additional 88,200 shares during the period. Basswood Capital Management L.L.C. boosted its holdings in shares of KeyCorp by 30.4% during the 4th quarter. Basswood Capital Management L.L.C. now owns 306,164 shares of the financial services provider’s stock worth $6,175,000 after buying an additional 71,444 shares during the period. Folger Hill Asset Management LP bought a new stake in shares of KeyCorp during the 4th quarter worth about $1,275,000. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in shares of KeyCorp by 3.7% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 160,592 shares of the financial services provider’s stock worth $3,239,000 after buying an additional 5,801 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.
KeyCorp (KEY) opened at $20.96 on Friday. The company has a market cap of $22,232.00, a P/E ratio of 18.71, a PEG ratio of 1.32 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 has a 12-month low of $16.28 and a 12-month high of $22.40.
KeyCorp (NYSE:KEY) last issued its earnings results on Thursday, January 18th. The financial services provider reported $0.36 EPS for the quarter, meeting the consensus estimate of $0.36. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.58 billion. KeyCorp had a net margin of 18.06% and a return on equity of 10.66%. During the same period in the previous year, the company earned $0.31 EPS. sell-side analysts predict that KeyCorp will post 1.67 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Tuesday, February 27th were given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Monday, February 26th. KeyCorp’s dividend payout ratio is 37.50%.
In related news, insider Christopher M. Gorman sold 56,038 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were 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 Securities & Exchange Commission, which is available through this link. Also, insider Robert A. Deangelis sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $21.11, for a total transaction of $527,750.00. Following the transaction, the insider now owns 175,053 shares of the company’s stock, valued at $3,695,368.83. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 92,857 shares of company stock valued at $1,953,548. 0.65% of the stock is owned by corporate insiders.
A number of analysts have issued reports on KEY shares. ValuEngine downgraded shares of KeyCorp from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. CIBC reissued a “buy” rating on shares of KeyCorp in a report on Friday, December 8th. Stephens raised shares of KeyCorp from an “equal weight” rating to an “overweight” rating and set a $23.00 price objective for the company in a report on Thursday, December 14th. Morgan Stanley reissued an “overweight” rating and issued a $23.00 price objective on shares of KeyCorp in a report on Thursday, December 14th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $21.50 price objective on shares of KeyCorp in a report on Thursday, December 14th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $22.07.
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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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