Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in KeyCorp (NYSE:KEY) by 12.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,399,090 shares of the financial services provider’s stock after selling 198,658 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.13% of KeyCorp worth $26,331,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. raised its holdings in shares of KeyCorp by 36.1% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 7,486,279 shares of the financial services provider’s stock worth $140,892,000 after purchasing an additional 1,985,847 shares during the period. Chartwell Investment Partners LLC raised its holdings in KeyCorp by 504.6% during 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 acquiring an additional 231,255 shares during the period. Stephens Inc. AR raised its holdings in KeyCorp by 7.7% during the 3rd quarter. Stephens Inc. AR now owns 54,592 shares of the financial services provider’s stock valued at $1,027,000 after acquiring an additional 3,924 shares during the period. Dynamic Technology Lab Private Ltd raised its holdings in KeyCorp by 81.6% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 70,107 shares of the financial services provider’s stock valued at $1,319,000 after acquiring an additional 31,501 shares during the period. Finally, Columbia Partners L L C Investment Management raised its holdings in KeyCorp by 37.3% during the 3rd quarter. Columbia Partners L L C Investment Management now owns 14,048 shares of the financial services provider’s stock valued at $264,000 after acquiring an additional 3,817 shares during the period. 82.42% of the stock is currently owned by institutional investors.
Shares of KeyCorp (KEY) traded up $0.15 during trading hours on Tuesday, reaching $18.46. 10,361,800 shares of the company traded hands, compared to its average volume of 10,916,164. KeyCorp has a one year low of $16.28 and a one year high of $19.53. The stock has a market capitalization of $19,690.00, a price-to-earnings ratio of 13.87, a PEG ratio of 1.67 and a beta of 1.10. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.90 and a quick ratio of 0.89.
KeyCorp (NYSE:KEY) last announced its earnings results on Thursday, October 19th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. KeyCorp had a net margin of 18.69% and a return on equity of 10.35%. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same period in the previous year, the business earned $0.30 earnings per share. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. equities analysts predict that KeyCorp will post 1.37 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, November 28th will be given a $0.105 dividend. The ex-dividend date is Monday, November 27th. This is a positive change from KeyCorp’s previous quarterly dividend of $0.10. This represents a $0.42 annualized dividend and a yield of 2.28%. KeyCorp’s payout ratio is 33.04%.
In related news, Director Carlton L. Highsmith sold 7,600 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $18.39, for a total value of $139,764.00. Following the completion of the transaction, the director now directly owns 68,725 shares in the company, valued at $1,263,852.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andrew J. Paine III sold 46,854 shares of the company’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $18.56, for a total transaction of $869,610.24. Following the completion of the transaction, the insider now owns 110,052 shares of the company’s stock, valued at $2,042,565.12. The disclosure for this sale can be found here. Insiders sold 57,212 shares of company stock valued at $1,060,508 over the last quarter. 0.65% of the stock is owned by company insiders.
KEY has been the topic of a number of analyst reports. BMO Capital Markets reissued a “buy” rating and set a $22.00 target price on shares of KeyCorp in a report on Thursday, July 27th. Royal Bank Of Canada reissued a “buy” rating and set a $21.00 target price on shares of KeyCorp in a report on Friday, July 28th. BidaskClub cut shares of KeyCorp from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Wells Fargo & Company initiated coverage on shares of KeyCorp in a report on Wednesday, August 9th. They set a “market perform” rating and a $19.00 target price on the stock. Finally, Sanford C. Bernstein raised shares of KeyCorp from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $21.00 to $22.00 in a report on Thursday, September 14th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the stock. KeyCorp currently has an average rating of “Hold” and an average target price of $20.82.
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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