BB&T Securities LLC trimmed its position in shares of KeyCorp (NYSE:KEY) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 217,625 shares of the financial services provider’s stock after selling 7,383 shares during the quarter. BB&T Securities LLC’s holdings in KeyCorp were worth $4,389,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of KEY. Raymond James Financial Services Advisors Inc. raised its position in shares of KeyCorp by 15.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 121,499 shares of the financial services provider’s stock worth $2,287,000 after purchasing an additional 15,862 shares during the period. New York State Common Retirement Fund raised its position in shares of KeyCorp by 2.0% during the third quarter. New York State Common Retirement Fund now owns 2,521,792 shares of the financial services provider’s stock worth $47,460,000 after purchasing an additional 49,800 shares during the period. Ameriprise Financial Inc. raised its position in shares of KeyCorp by 27.8% during the third quarter. Ameriprise Financial Inc. now owns 858,281 shares of the financial services provider’s stock worth $16,158,000 after purchasing an additional 186,509 shares during the period. Stephens Inc. AR raised its position in KeyCorp by 7.7% in the 3rd quarter. Stephens Inc. AR now owns 54,592 shares of the financial services provider’s stock valued at $1,027,000 after buying an additional 3,924 shares during the last quarter. Finally, Chartwell Investment Partners LLC raised its position in KeyCorp by 504.6% in the 3rd quarter. Chartwell Investment Partners LLC now owns 277,085 shares of the financial services provider’s stock valued at $5,214,000 after buying an additional 231,255 shares during the last quarter. 81.68% of the stock is currently owned by institutional investors.
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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Christopher M. Gorman sold 56,038 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $20.97, for a total value of $1,175,116.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 92,857 shares of company stock valued at $1,953,548. Insiders own 0.65% of the company’s stock.
A number of equities research analysts recently commented on KEY shares. CIBC reissued a “buy” rating on shares of KeyCorp in a research report on Friday, December 8th. Zacks Investment Research raised KeyCorp from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Tuesday, December 26th. Stephens raised KeyCorp from an “equal weight” rating to an “overweight” rating and set a $23.00 price target for the company in a research report on Thursday, December 14th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $21.50 price target on shares of KeyCorp in a research report on Thursday, December 14th. Finally, Barclays increased their price target on KeyCorp from $19.00 to $23.00 and gave the company an “underweight” rating in a research report on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seventeen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $22.07.
Shares of KeyCorp (NYSE KEY) opened at $20.02 on Friday. KeyCorp has a 12-month low of $16.28 and a 12-month high of $22.40. The stock has a market capitalization of $22,200.18, a price-to-earnings ratio of 17.88, a PEG ratio of 1.32 and a beta of 1.01. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.88 and a current ratio of 0.89.
KeyCorp (NYSE:KEY) last announced its earnings results on Thursday, January 18th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. KeyCorp had a return on equity of 10.66% and a net margin of 18.06%. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period last year, the firm posted $0.31 EPS. sell-side analysts predict that KeyCorp will post 1.67 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th were given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Monday, February 26th. KeyCorp’s dividend payout ratio is presently 37.50%.
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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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