KeyCorp (KEY) Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC grew its position in shares of KeyCorp (NYSE:KEY) by 6,189.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 9,107,724 shares of the financial services provider’s stock after purchasing an additional 8,962,913 shares during the quarter. Janus Henderson Group PLC owned 0.84% of KeyCorp worth $170,679,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of KEY. BlackRock Inc. increased its position in shares of KeyCorp by 3,258.1% during the 1st quarter. BlackRock Inc. now owns 84,413,892 shares of the financial services provider’s stock valued at $1,500,878,000 after purchasing an additional 81,900,174 shares during the period. Janus Capital Management LLC increased its position in shares of KeyCorp by 2,048.7% during the 1st quarter. Janus Capital Management LLC now owns 6,317,037 shares of the financial services provider’s stock valued at $112,317,000 after purchasing an additional 6,023,049 shares during the period. Vanguard Group Inc. increased its position in shares of KeyCorp by 3.9% during the 2nd quarter. Vanguard Group Inc. now owns 111,418,810 shares of the financial services provider’s stock valued at $2,087,987,000 after purchasing an additional 4,230,390 shares during the period. Samlyn Capital LLC acquired a new position in shares of KeyCorp during the 2nd quarter valued at $57,111,000. Finally, Renaissance Technologies LLC acquired a new position in shares of KeyCorp during the 1st quarter valued at $47,742,000. Institutional investors own 80.80% of the company’s stock.

KeyCorp (KEY) traded down 0.43% during mid-day trading on Friday, reaching $18.69. The company had a trading volume of 11,723,605 shares. KeyCorp has a 12 month low of $12.20 and a 12 month high of $19.53. The stock has a market cap of $20.33 billion, a PE ratio of 18.56 and a beta of 1.13. The firm’s 50-day moving average price is $17.84 and its 200-day moving average price is $18.07.

KeyCorp (NYSE:KEY) last announced its earnings results on Thursday, July 20th. The financial services provider reported $0.34 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.34. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.53 billion. KeyCorp had a net margin of 16.62% and a return on equity of 9.88%. The company’s revenue for the quarter was up 52.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 EPS. Equities research analysts forecast that KeyCorp will post $1.36 EPS for the current fiscal year.

KeyCorp declared that its board has approved a share buyback program on Wednesday, June 28th that allows the company to buyback $800.00 million in shares. This buyback authorization allows the financial services provider to repurchase up to 4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Tuesday, August 29th were paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend was Friday, August 25th. KeyCorp’s payout ratio is presently 38.78%.

Several equities research analysts have recently weighed in on KEY shares. Instinet reissued a “buy” rating and set a $23.00 price objective on shares of KeyCorp in a research note on Wednesday, July 12th. Zacks Investment Research raised KeyCorp from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Tuesday, July 11th. Jefferies Group LLC reissued a “buy” rating and set a $21.00 price objective on shares of KeyCorp in a research note on Friday, July 14th. UBS AG raised KeyCorp from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $19.00 to $22.00 in a research note on Monday, July 10th. Finally, BidaskClub raised KeyCorp from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $20.03.

In related news, insider Craig A. Buffie sold 31,385 shares of the company’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $18.01, for a total value of $565,243.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David K. Wilson bought 3,500 shares of KeyCorp stock in a transaction that occurred on Friday, July 28th. The stock was bought at an average cost of $17.87 per share, with a total value of $62,545.00. Following the completion of the purchase, the director now owns 15,000 shares in the company, valued at approximately $268,050. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 16,000 shares of company stock valued at $290,540 and sold 259,409 shares valued at $4,794,449. 0.65% of the stock is currently owned by corporate insiders.

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Several other hedge funds have also recently modified their holdings of KEY. BlackRock Inc. increased its position in shares of KeyCorp by 3,258.1% during the 1st quarter. BlackRock Inc. now owns 84,413,892 shares of the financial services provider’s stock valued at $1,500,878,000 after purchasing an additional 81,900,174 shares during the period. Janus Capital Management LLC increased its position in shares of KeyCorp by 2,048.7% during the 1st quarter. Janus Capital Management LLC now owns 6,317,037 shares of the financial services provider’s stock valued at $112,317,000 after purchasing an additional 6,023,049 shares during the period. Vanguard Group Inc. increased its position in shares of KeyCorp by 3.9% during the 2nd quarter. Vanguard Group Inc. now owns 111,418,810 shares of the financial services provider’s stock valued at $2,087,987,000 after purchasing an additional 4,230,390 shares during the period. Samlyn Capital LLC acquired a new position in shares of KeyCorp during the 2nd quarter valued at $57,111,000. Finally, Renaissance Technologies LLC acquired a new position in shares of KeyCorp during the 1st quarter valued at $47,742,000. Institutional investors own 80.80% of the company’s stock.

KeyCorp (KEY) traded down 0.43% during mid-day trading on Friday, reaching $18.69. The company had a trading volume of 11,723,605 shares. KeyCorp has a 12 month low of $12.20 and a 12 month high of $19.53. The stock has a market cap of $20.33 billion, a PE ratio of 18.56 and a beta of 1.13. The firm’s 50-day moving average price is $17.84 and its 200-day moving average price is $18.07.

KeyCorp (NYSE:KEY) last announced its earnings results on Thursday, July 20th. The financial services provider reported $0.34 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.34. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.53 billion. KeyCorp had a net margin of 16.62% and a return on equity of 9.88%. The company’s revenue for the quarter was up 52.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 EPS. Equities research analysts forecast that KeyCorp will post $1.36 EPS for the current fiscal year.

KeyCorp declared that its board has approved a share buyback program on Wednesday, June 28th that allows the company to buyback $800.00 million in shares. This buyback authorization allows the financial services provider to repurchase up to 4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Tuesday, August 29th were paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend was Friday, August 25th. KeyCorp’s payout ratio is presently 38.78%.

Several equities research analysts have recently weighed in on KEY shares. Instinet reissued a “buy” rating and set a $23.00 price objective on shares of KeyCorp in a research note on Wednesday, July 12th. Zacks Investment Research raised KeyCorp from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Tuesday, July 11th. Jefferies Group LLC reissued a “buy” rating and set a $21.00 price objective on shares of KeyCorp in a research note on Friday, July 14th. UBS AG raised KeyCorp from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $19.00 to $22.00 in a research note on Monday, July 10th. Finally, BidaskClub raised KeyCorp from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $20.03.

In related news, insider Craig A. Buffie sold 31,385 shares of the company’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $18.01, for a total value of $565,243.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David K. Wilson bought 3,500 shares of KeyCorp stock in a transaction that occurred on Friday, July 28th. The stock was bought at an average cost of $17.87 per share, with a total value of $62,545.00. Following the completion of the purchase, the director now owns 15,000 shares in the company, valued at approximately $268,050. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 16,000 shares of company stock valued at $290,540 and sold 259,409 shares valued at $4,794,449. 0.65% of the stock is currently owned by corporate insiders.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another domain, it was stolen and republished in violation of US and international trademark & copyright law. The original version of this news story can be accessed at https://ledgergazette.com/2017/10/08/keycorp-key-shares-bought-by-janus-henderson-group-plc.html.

KeyCorp 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.

Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

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