First Interstate Bank Has $30,000 Position in KeyCorp (KEY)

First Interstate Bank lifted its position in shares of KeyCorp (NYSE:KEY) by 853.0% in the 4th quarter, HoldingsChannel reports. The fund owned 2,049 shares of the financial services provider’s stock after buying an additional 1,834 shares during the quarter. First Interstate Bank’s holdings in KeyCorp were worth $30,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of KeyCorp by 1.4% during the third quarter. Vanguard Group Inc. now owns 114,959,582 shares of the financial services provider’s stock valued at $2,286,547,000 after acquiring an additional 1,604,187 shares in the last quarter. Vanguard Group Inc increased its position in shares of KeyCorp by 1.4% during the third quarter. Vanguard Group Inc now owns 114,959,582 shares of the financial services provider’s stock valued at $2,286,547,000 after acquiring an additional 1,604,187 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of KeyCorp by 33.5% during the third quarter. JPMorgan Chase & Co. now owns 36,176,502 shares of the financial services provider’s stock valued at $719,551,000 after acquiring an additional 9,086,291 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of KeyCorp by 14.9% during the third quarter. The Manufacturers Life Insurance Company now owns 16,968,275 shares of the financial services provider’s stock valued at $337,498,000 after acquiring an additional 2,198,538 shares in the last quarter. Finally, FMR LLC increased its position in shares of KeyCorp by 33.5% during the third quarter. FMR LLC now owns 16,698,961 shares of the financial services provider’s stock valued at $332,143,000 after acquiring an additional 4,186,177 shares in the last quarter. 80.04% of the stock is owned by institutional investors.

Shares of KeyCorp stock opened at $16.63 on Friday. The firm has a market cap of $17.20 billion, a PE ratio of 9.50, a price-to-earnings-growth ratio of 0.54 and a beta of 1.20. KeyCorp has a 1-year low of $13.65 and a 1-year high of $22.40. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.88 and a current ratio of 0.89.

KeyCorp (NYSE:KEY) last issued its quarterly earnings results on Thursday, January 17th. The financial services provider reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.01. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.63 billion. KeyCorp had a net margin of 24.74% and a return on equity of 13.26%. During the same quarter last year, the company posted $0.33 EPS. As a group, equities analysts expect that KeyCorp will post 1.86 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Tuesday, March 5th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date is Monday, March 4th. KeyCorp’s dividend payout ratio (DPR) is 39.31%.

Several brokerages recently issued reports on KEY. Zacks Investment Research upgraded shares of KeyCorp from a “sell” rating to a “hold” rating in a report on Monday, October 8th. Standpoint Research upgraded shares of KeyCorp from a “hold” rating to a “buy” rating in a report on Friday, October 12th. Nomura dropped their target price on shares of KeyCorp from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, October 19th. BMO Capital Markets dropped their target price on shares of KeyCorp from $24.00 to $21.00 and set an “outperform” rating on the stock in a report on Friday, October 19th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $21.00 target price on shares of KeyCorp in a report on Monday, October 22nd. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $21.68.

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KeyCorp Company Profile

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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Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

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