Cambridge Investment Research Advisors Inc. lowered its holdings in KeyCorp (NYSE:KEY) by 8.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 45,256 shares of the financial services provider’s stock after selling 3,910 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in KeyCorp were worth $913,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mycio Wealth Partners LLC raised its position in shares of KeyCorp by 17.1% in the 4th quarter. Mycio Wealth Partners LLC now owns 17,116 shares of the financial services provider’s stock worth $345,000 after acquiring an additional 2,500 shares in the last quarter. New Mexico Educational Retirement Board raised its position in shares of KeyCorp by 2.6% in the 4th quarter. New Mexico Educational Retirement Board now owns 104,487 shares of the financial services provider’s stock worth $2,108,000 after acquiring an additional 2,600 shares in the last quarter. MML Investors Services LLC raised its position in shares of KeyCorp by 17.3% in the 4th quarter. MML Investors Services LLC now owns 18,561 shares of the financial services provider’s stock worth $374,000 after acquiring an additional 2,744 shares in the last quarter. Dividend Assets Capital LLC raised its position in shares of KeyCorp by 11.7% in the 4th quarter. Dividend Assets Capital LLC now owns 27,335 shares of the financial services provider’s stock worth $551,000 after acquiring an additional 2,860 shares in the last quarter. Finally, Mcmillion Capital Management Inc. raised its position in shares of KeyCorp by 2.0% in the 4th quarter. Mcmillion Capital Management Inc. now owns 162,591 shares of the financial services provider’s stock worth $3,279,000 after acquiring an additional 3,120 shares in the last quarter. Institutional investors and hedge funds own 81.70% of the company’s stock.
Several brokerages have recently issued reports on KEY. ValuEngine lowered KeyCorp from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Barclays increased their target price on KeyCorp from $19.00 to $23.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 2nd. Stephens raised KeyCorp from an “equal weight” rating to an “overweight” rating and set a $23.00 target price for the company in a research report on Thursday, December 14th. Vining Sparks reissued a “buy” rating and issued a $25.00 target price on shares of KeyCorp in a research report on Friday. Finally, DA Davidson raised their price objective on KeyCorp to $26.00 and gave the company a “buy” rating in a research report on Friday, January 19th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and sixteen have issued a buy rating to the company’s stock. KeyCorp currently has an average rating of “Buy” and an average target price of $22.14.
Shares of KEY opened at $19.09 on Friday. The firm has a market cap of $20,937.96, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 1.25 and a beta of 1.04. KeyCorp has a 12 month low of $16.28 and a 12 month high of $22.40. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 1.02.
KeyCorp (NYSE:KEY) last released its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.36. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate 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 business posted $0.31 EPS. equities research analysts expect that KeyCorp will post 1.67 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th were paid a $0.105 dividend. The ex-dividend date of this dividend was Monday, February 26th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.20%. KeyCorp’s dividend payout ratio (DPR) is currently 30.88%.
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 value of $250,680.99. Following the transaction, the insider now directly owns 51,791 shares in the company, valued at approximately $1,098,487.11. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Robert A. Deangelis sold 25,000 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $21.11, for a total value of $527,750.00. Following the completion of the transaction, the insider now owns 175,053 shares in the company, valued at $3,695,368.83. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 92,857 shares of company stock worth $1,953,548. Company insiders own 0.65% of the company’s stock.
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KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company's Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans, as well as personal property and casualty insurance, such as home, auto, renters, watercraft, and umbrella insurance for individuals.
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